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 Last week the initial Families First Coronavirus Response Act was passed. This bill goes into effect on April 2, 2020. We continue to research the implications of this bill and will keep you updated when the IRS releases additional guidance next week. In the meantime we do know the following information:
Families First Coronavirus Response Act
If you would like to read additional information from the IRS on this Act click here. The IRS will release additional guidance next week so stay tuned. Cash Flow is Key During times of unease in our economy it is imperative to focus on cash management. Believe it or not we are nerds when it comes to budgeting and cash flow projections. We are creating an offering to help you out in this area. A few quick tips to consider in the meantime:
Need help now? For small businesses requiring financial assistance during this difficult time, information on the SBA’s Economic Injury Disaster Loan program can be found here. There may be additional loans available with the next Act Congress is discussing. What to expect from us We are working our hardest to keep on top of all unemployment matters and will do our best to keep you in the loop. As some businesses face closure or employee layoffs, questions are inevitable. To see the FAQ page specifically for Montana Employers related to Covid-19 click here. If you are in a different State just go to your State's Unemployment website for additional guidance. We want to support you however we can, we are a team. The Finale Our last post started with our Core Value of Flexibility. We would like to wrap this one up with another that is just as close to our heart: Gratitude. There are specific times in life when fear and uncertainty feel as if they are a strangling cloak in which we cannot escape. However, it is in these times that Gratitude is most paramount. Take a breath, then take a step outside your thoughts. Grasp onto a happy thought. Ours is that we have the opportunity to serve you and will continue to be here as needed.
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 One of our firm’s core values is “Flexibility: Because all we have in this world is change, both within and without. We value the opportunity to flex and grow with your business, adapt to the needs of the moment.”
I feel as if this is the perfect opportunity to embrace change and enact flexibility. We are lucky because our firm has already been operating with employees who work remotely. No scrambling or major operations had to change due to our recommended societal adjustments. With the current health concerns we have decided to close our Whitefish office to protect both our Clients and our Staff. Our Kalispell branch is minimally staffed as of now, but we are encouraging all communications going forward to be either via phone or video conferencing. Please know we will continue to serve and support you with the same high standards that we have always delivered. Remember that we can accept sensitive documents through our secure link at the bottom of our email signatures. We are available by phone, text, email or fax if you have any questions or concerns. If you have to leave a message, know we will get back to you within 24 hours. I would like to leave you on a positive note and share a bit from our last staff meeting. I asked each of our team to share how they have seen something positive come from this difficult situation in our world today. They each shared a common thread of seeing our community and people that we serve become more grateful, patient, and compassionate with communication. Please continue to support and hold space for those around you. We are all in this together. I hope that you may look to the light in these darker times and find ways to pause with gratitude. Stay safe through these hard times. Sarah |
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January 2025
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