Covid-19 Information Archives | Page 3 of 4

Tips For Helping Your Business Survive COVID-19

Posted on April 7, 2020April 5, 2022 by Accel Admin

Covid-19 is a menace to human health, social interaction, the economy and particularly small businesses across this country. The current approach for returning to some semblance of normalcy in our personal lives and business concerns, is to curtail the spread of the virus through social distancing while science searches for…

PPP Loans | Paycheck Protection Program Explained

Posted on April 6, 2020April 5, 2022 by Accel Admin

COVID-19 UPDATE | APRIL 2, 2020 PAYCHECK PROTECTION PROGRAM (PPP) UPDATE FOR LENDERS AND BORROWERS The CARES Act authorized $349 billion to provide guaranteed loans through a new program under Section 7(a) of the SBA Loan Programs. The Program provides for loans up to $10 million to employers with fewer than 500…

Is a COVID-19 temporary loan modification a troubled debt restructure?

Posted on April 3, 2020November 26, 2024 by Accel Admin

Lenders are often reluctant to do short term loan modifications because they would be forced to treat the modification as a troubled debt restructuring (“TDR”). The Financial Accounting Standards Board requires the Lender to treat a TDR as a problem loan and create loss reserves. On March 19, 2020, the…

How Restaurant Owners Can Be Proactive During Coronavirus Restrictions

Posted on March 31, 2020November 30, 2022 by Accel Admin

At some point (hopefully sooner rather than later), restaurants will be able to fully or partially reopen. The following are some ideas and strategies to consider and implement now during the down time awaiting relaxation of the government restrictions on restaurant operations: Make sure your insurance premiums are paid when…

COVID-19 Filing/Payment Extensions for Estate and Trust Tax Filings.

Posted on March 30, 2020November 30, 2022 by Accel Admin

Various tax filing and payment deadlines have been extended as a result of the Covid-19 Crisis. The following are the deadlines that apply to our Estate and Trust Group clients. INHERITANCE TAX RETURNS INHERITANCE TAX RETURN FILING AND PAYMENT DEADLINES HAVE NOT BEEN EXTENDED. Payments can be made and Inheritance…

IMPLICATIONS OF THE COVID-19 VIRUS FOR LAWSUITS

Posted on March 25, 2020November 26, 2024 by Accel Admin

A question I am frequently asked is: What effect will the virus have on my legal case? All of the Pennsylvania State Courts and the associated Federal Courts are working under a State of Emergency. For the moment, the Courts are effectively closed, deadlines are waived and Court business regarding…

Covid-19 Information Blogs

Covid-19 Information

Tips For Helping Your Business Survive COVID-19

PPP Loans | Paycheck Protection Program Explained

Is a COVID-19 temporary loan modification a troubled debt restructure?

How Restaurant Owners Can Be Proactive During Coronavirus Restrictions

COVID-19 Filing/Payment Extensions for Estate and Trust Tax Filings.

IMPLICATIONS OF THE COVID-19 VIRUS FOR LAWSUITS

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