Michelle Hughes, CPA https://www.eastbaychamberri.org/sail-to-success.html
Over this past year our firm has had many small successes, even through difficult times. During March and April of 2020, while many small businesses were struggling with shut-downs, and maintaining employees, our office was able to increase hours and accept new clients during these trying times. The demand for tax and accounting services was heightened by new tax legislation and the need for interpretation of the Acts put into place by congress. As we continue to work through remote access with limited office hours, we strive to ensure the ongoing safety of our staff & clients.
Over the recent months, our firm has helped many small business clients navigate their way through the ever-changing PPP loan process and the CARES Act passed by Congress on March 26th. We educated our clients about best practices regarding the handling of their PPP funds. This includes techniques for tracking their spending, which may increase their ability to obtain 100% loan forgiveness depending on how they choose to spend their funds. As the process continues, over the next few months, we will continue to be by their sides assisting in the forgiveness application process and with 2020 budgeting and bookkeeping. One of our goals is to help them navigate this process as smoothly as possible and come out on top despite a downturn in the overall economy.