COVID-19 Resources

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Business insights to help you navigate the impact of COVID-19

In this ever-changing environment, our goal at LWBJ is to help our clients prosper. We are continually monitoring the COVID-19 situation in order to provide you with the most up-to-date and accurate information so that you can make the best decisions.

We’ve assembled an emergency response team to help you analyze the various stimulus programs and what options might be best for your company. Our emergency response team is also focused on helping you analyze the current structure of your business and how to help you get through this time and prepare for the future.

We’ve put together a menu of resources to help you learn more about the various stimulus programs available, but our professionals are here to analyze and discuss your options at any time. Please contact your LWBJ professional or one of our emergency response team members. We will continue to monitor and update our COVID-19 Resource page as we gain knowledge to share.

Our emergency response team members: Paul Juffer, JD Geneser, Dave Hove, Dave Midtlyng, Dave Watson, Michael Trettin, Kyle Woiwood, Zach Gates and Lisa Galetich.

Read a summary of the CARES Act.

Business Resources

The U.S. Small Business Administration (SBA) is offering a number of different programs to help small businesses during this difficult time. Click here for more information and an overview of each program.

The Paycheck Protection Program is one of the programs recently launched by the SBA. They recently shared this FAQ to help answer questions about the program.

The forgiveness application for the Paycheck Protection Program was recently released. You can find it here.

Read Paycheck Protection Program Loan Forgiveness Best Practices.

Watch as two of our experts take loan forgiveness questions from small business owners.

The U.S. Department of Treasury outlines how the CARES Act provides assistance to small businesses in this article.

The U.S. Senate Committee on Small Business & Entrepreneurship shared The Small Business Owner’s Guide to the CARES Act.

Workforce Resources

The federal tax deadline was pushed back to July 15, 2020. Find out the background and types of penalty and interest relief provided in this article.

The IRS has established a specific portion of their website dedicated to taxpayers, businesses and others affected by COVID-19. Many resources can be found on their page.

The Iowa Department of Revenue also has updated information on their site specific to Iowa.

The National Law Review recently posted a Relevant Tax Summary of the CARES Act that is applicable to businesses and individuals.

On March 18, the Families First Coronavirus Response Act was signed, allowing small and mid-size employers to begin taking advantage of two new refundable payroll tax credits. Read more here.

LWBJ is dedicated to your success. Please contact us for guidance on how the latest stimulus programs could impact you.

The material and information contained here is for general informational purposes only. You should not rely upon the material as a basis for making any business, legal or other decisions. Please contact your advisor for detailed information.