Apr 29, 2020
CPAs are playing a vital role in helping smaller businesses cope
with the COVID-19 pandemic. Julie Killian, CPA, a shareholder at
Clayton & McKervey in Michigan, discusses how her firm’s clients
are responding to the crisis. She also shares steps smaller
businesses can take to improve their financial standing and
increase their chances of staying afloat. What you’ll learn in this
episode: - The relatively simple tool that’s an essential first
step for businesses struggling to get a handle on their situation.
- What businesses should do first if they find themselves short on
cash. - Why demand for the Paycheck Protection Program (PPP) is so
high. - How businesses can determine whether they’re eligible for
the PPP, Economic Injury Disaster Loans, or both. - What clients
should know about applying for government stimulus programs.