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Category: Coronavirus Updates

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March 30, 2020
CARES Act – Tax Summary

Congress has just passed a new bill, called the CARES Act to provide stimulus and relief for the coronavirus situation.  There are many aspects of the bill ranging from loan forgiveness, unemployment insurance expansion, healthcare provisions, student loan provisions, SB...

March 27, 2020
CARES Act – Stimulus Checks

Congress has just passed a new bill called the CARES Act to provide stimulus and relief for the Coronavirus situation.  One of the biggest parts of the bill is stimulus money that will come directly to individual taxpayers in the next few weeks.  Chris Wittich, CPA and tax...

March 27, 2020
CARES Act – Individual Tax Provisions

Congress has just passed a new bill called the CARES Act to provide stimulus and relief for the Coronavirus situation.  Chris Wittich, CPA and tax partner with Boyum Barenscheer discusses the individual tax provisions of the bill....

March 27, 2020
CARES Act – Business Tax Provisions

Congress has just passed a new bill called the CARES Act to provide stimulus and relief for the coronavirus situation.  Chris Wittich, CPA and Partner with Boyum Barenscheer shares insight on the business tax provisions of the CARES Act....

March 27, 2020
COVID-19 Impacts on the Employee Benefit Plan Deadlines

With the COVID-19 pandemic changing the way businesses are operating on a daily basis from locally to world-wide, the employee benefits plan auditing industry is also facing changes. The SECURE Act and retirement plan filing requirements have experienced impacts....

March 27, 2020
Calls with the Governor’s Office

The Minnesota Council of Nonprofits is hosting a series of “Calls with the Governor’s Office”. The first of four calls of this free event is Monday, March 30 from 11:30 am to 12:15 pm featuring updates for nonprofits on Minnesota’s response to COVID-19....

March 26, 2020
Senate Passes Updated Economic Relief Plan (CARES Act) for Individuals and Businesses

Congress has just passed a new bill, called the CARES Act to provide stimulus and relief for the coronavirus situation.  There are many aspects of the bill ranging from loan forgiveness, unemployment insurance expansion, healthcare provisions, student loan provisions, SBA l...

March 26, 2020
Is Your Business Considered Essential Under MN Stay at Home Order?

Governor Walz issued Executive Order 20-20, directing Minnesotans to limit movements outside of their homes beyond essential needs from March 27th to April 10th.  The Minnesota Department of Employment and Economic Development (DEED) has provided clarifications and resource...

March 25, 2020
MN Small Business Emergency Loans for Restaurants, Breweries and Other Establishments

Following Executive Order 20-15, the Minnesota Department of Employment and Economic Development (DEED) has established a loan program to assist small businesses directly and adversely affected and whose industry is named in Executive Orders 20-04 and 20-08 following the COV...

March 25, 2020
SBA Offering Loans to Small Businesses Hit Hard by COVID-19

Every company has faced unprecedented challenges in adjusting to life following the widespread outbreak of the coronavirus (COVID-19). Small businesses face particular difficulties in that, by definition, their resources — human, capital and otherwise — are limited. If t...

March 25, 2020
What COVID-19 Legislation Means for Nonprofits and Their Staffers

Whether your not-for-profit is newly deluged with demand for services or you’ve closed doors temporarily, it’s important to keep up with legislation responding to the coronavirus (COVID-19) crisis. On March 18, the Families First Coronavirus Response Act was signed into ...

March 23, 2020
Resources for Small Businesses in Crisis

Many small businesses are reeling from the impact of the COVID-19 pandemic. Boyum Barenscheer is here to help. We have gathered a list of helpful resources for small businesses to turn to during this unprecedented time....