Webinars with information regarding COVID-19 and the effects it could have on the market and small businesses.
In our webinar on Wednesday May 13 we reviewed the Paycheck Protection Program, went over EIDL updates and discussed individual stimulus payment information.
I received the PPP Funds… Now what?
– How should funds be used?
– What forgiveness looks like for businesses and sole proprietors?
– How do I stay organized with all the documentation needed for forgiveness and possible audit?
EIDL – Additional New Information
Question and Answer session
Apollo D Lupescu, PhD, Vice President of Dimensional Fund Advisors, and Jared Faltys, CPA/PFS and Partner with McMill Wealth, review the history of the market.
- Are you wondering what the current market means for your long-term investing goals?
- Are you concerned about the constant news about market performance?
This webinar addresses your concerns and will use academic data, not fear, to talk about investing principals.
Recorded – 4/9/2020
This webinar is designed to look at how the loan process works and the 8-week period for calculating loan forgiveness.
VIDEO CONTENT CLARIFICATION –
The amount of forgiveness of a PPP loan depends on the borrower’s payroll costs over an eight-week period; when does that eight-week period begin?
Answer: The eight-week period begins on the date the lender makes the first disbursement of the PPP loan to the borrower. The lender must make the first disbursement of the loan no later than ten calendar days from the date of loan approval.
Recorded – 4/8/2020
A review of methods for evaluating and reviewing cash flow options for Charity Organizations
Recorded – 4/3/2020
A review of the current market as well as historical data with McMill Accounting Firm Partners Jared Faltys and Clint Weeder.
Fastest Correction – https://finance.yahoo.com/news/stock-… Don’t Bail on the Lows, Stick Around for the Highs – Source: FactSet, Standard & Poor’s, J.P. Morgan Asset Management. Returns are based on price index only and do not include dividends. Intra-year drops refers to the largest market drops from a peak to a trough during the year. For illustrative purposes only. Returns shown are calendar year returns from 1980 to 2019, over which time period the average annual return was 8.9%. Guide to the Markets – U.S. Data are as of December 31, 2019. Past performance is not an assurance of future results. Values change frequently and past performance may not be repeated. There is always the risk that an investor may lose money. Securities of small firms are often less liquid than those of large companies. As a result, small company stocks may fluctuate relatively more in price. Even a long-term investment approach cannot ensure a profit. Economic, political, and issuer-specific events will cause the value of securities, and the funds that own them, to rise or fall. Because the value of investments will fluctuate, there is a risk that investors will lose money. Bear Markets since WWII – Source: Murray, Nick. Simple Wealth, Inevitable Wealth. Nick Murray Company, Inc., 2019 S&P Performance Following Historical Events – https://www.capitalgroup.com/advisor/… Market Downturns and Recoveries – Past performance is no guarantee of future results. This is for illustrative purposes only and not indicative of any investment. An investment cannot be made directly in an index. Downturns are defined by a time period when the stock market value declined by 10% or more from its peak. © Morningstar 2020. All Rights Reserved. U.S. Market Recovery After Financial Crises – Past performance is no guarantee of future results. Returns reflect the percentage change in the index level from the end of the month in which the event occurred to one month, six months, one year, three years and five years after. This is for illustrative purposes only and not indicative of any investment. An investment cannot be made directly in an index. © Morningstar 2020. All Rights Reserved. Focus On What You Can Control – Diversification does not eliminate the risk of market loss. There is no guarantee investment strategies will be successful. For illustrative purposes only.
This webinar reviewed the new CARES Act. We review the programs that are available for Small Business as well a Tax Impact for Individuals.
A Message of Hope
Dave Ramsey, Rachel Cruze and Ken Coleman
Hope is greater than fear. Join bestselling authors Dave Ramsey, Rachel Cruze and Ken Coleman as they give super practical, super clear advice on what you need to do with your money and career right now.
This webinar reviewed an overview of a Proposed CARES Act but focused on one key component, the SBA program, passed by the Senate (still needs to be approved by the House of Representatives). Under the current draft of the Cares Act, the SBA could be authorized to guarantee up to $349 billion in 7(a) loans to businesses with not more than 500 employees. This could affect many business owners.
Addressing how the current changes impact business owners. Topics covered will include: Proactive Business Practices, Common Questions to Address in Planning, Available Financial Assistance, Credit Options – Including the SBA Program, Families First Coronavirus Response Act, Emergency Family and Medical Leave Expansion Act, Emergency Paid Sick Leave Act, Upcoming Potential Legislation: CARES Act, State Unemployment Updates and Payroll Tax Credits
McMill CPAs & Advisors will make every attempt to provide our clients with the most up to date information. However, the information contained on this page can update hourly, and there may be instances where it is out of date. If you have questions on any of the items please contact your advisor.