COVID Info Center
SSF is committed to helping our clients and friends navigate potential disruptions created by the spread of COVID-19. We will continue to share guidance and actionable advice on this page as events unfold.
Disaster Relief Loan Application Assistance
The SBA loan process can be complex and we know you need your money fast. SSF’s advisors can help you prepare and submit your loan documentation correctly to expedite your loan.
If you have any questions, please contact us,
we are here to help.
R&D Tax Credit: More Valuable than Ever in Uncertain Times
As companies around the country begin to pivot from a sprint to preserve business operations to taking strategic steps to help ensure continued prosperity, several tax planning opportunities should be considered. One option available [...]
CARES Act Rebate Calculator
Curious to find out exactly how much stimulus money is coming your way, or even if you are getting any? Use the calculator below to determine your rebate through the CARES Act. The Tax [...]
Answers to Questions about the CARES Act Employee Retention Tax Credit
The recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act provides a refundable payroll tax credit for 50% of wages paid by eligible employers to certain employees during the COVID-19 pandemic. The employee [...]
Student Loan Relief for Many
A great sigh of relief for many individuals wondering how they are going to pay their student loans during this time. The new CARES act includes a deferral for six months on federally backed [...]
CARES Act Provides Option to Delay CECL Reporting
The Coronavirus Aid, Relief and Economic Security (CARES) Act was signed into law on March 27. Among other economic relief measures, the new law allows large public banks to temporarily postpone the controversial current expected [...]
CARES Act Creates Relief and Opportunity for American Taxpayers
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act, a sweeping economic stimulus package designed to provide financial relief for American individuals and families. Here [...]
The SBA EIDL and PPP Loans and Their Tax Implications
Among the many relief provisions passed by Congress in recent days are loans focused on small businesses. This isn't entirely new to the SBA, which has long been in the loan business, but recently [...]
IRS warns of COVID-19 stimulus scams
The IRS is warning individuals about potential fraud related to the COVID-19 stimulus checks or deposits. Scammers could try to make people sign over a check to them or get people to "verify" filing [...]
The CARES Act: Retirement Provisions
The COVID-19 pandemic is affecting all aspects of finances, including retirement savings. The CARES Act contains provisions affecting these plans that will remain in effect for 2020. They include the following: The act specifically [...]
The CARES Act: Getting a Small Business Loan
The CARES Act — a collection of pandemic-related provisions — has good news for small businesses struggling to stay afloat during the COVID-19 pandemic: The act provides relief to U.S.-based businesses with (1) 500 [...]
New CARES Act Provides Businesses with More Relief
On March 27, President Trump signed into law another coronavirus (COVID-19) law, which provides extensive relief for businesses and employers. Here are some of the tax-related provisions in the Coronavirus Aid, Relief, and Economic [...]
Virtual CEO COVID Roundtable Discussion – April Series
Join AMBayArea for a series of four 1-hour Virtual CEO Roundtable Discussions: Thursday, April 2, 12 to 1 p.m. Thursday, April 9, 12 to 1 p.m. Thursday, April 16, 12 to 1 p.m. Thursday, [...]
VIDEO: COVID-19 – Your Business Questions Answered
Trusted Tri-Valley Advisors Share COVID-19 Coping Strategies and Insights for Small and Medium Size Businesses COVID-19 poses evolving challenges for all employers, especially start-ups, small, and medium size businesses so vital to our Tri-Valley [...]
5 Reasons You Shouldn’t Wait Until July 15th to File Your Return
While Treasury’s response to the ongoing COVID-19 crisis by automatically extending certain filing deadlines and payments is welcomed news to many, waiting until July 15th to file and/or pay your taxes may have unintended [...]
How to Handle COVID-19-Related Layoffs
The twin crises of a pandemic and a plunging market have pummeled a lot of businesses — many have already started laying off employees, and many more will need to soon. It's never a [...]
Pandemic Planning: Supply Chain and Cash Flow
The supply chain issues created by the COVID-19 pandemic are challenging businesses in ways they have never considered. Some of these changes will — and probably should — remain in place after the immediate [...]
Coronavirus (COVID-19): Tax relief for small businesses
Businesses across the country are being affected by the coronavirus (COVID-19). Fortunately, Congress recently passed a law that provides at least some relief. In a separate development, the IRS has issued guidance allowing taxpayers [...]
Relief Package Signed Into Law – More to Come
The Families First Coronavirus Response Act (H.R. 6201) is now law, and attorneys, accountants and other professionals are poring over it. What are its main provisions, and how might it affect you? The Society [...]
Put Away Your Checkbooks: Taxpayers Get an Extension
Because of the ongoing financial turmoil, both the IRS and California FTB are cutting many individuals and businesses some slack. For federal income taxes, we now have until July 15 to file and pay what [...]
Delivery of Documents to SSF
As we at SSF are sheltering in place and working remotely, please continue to send us your documents electronically. We are here to address any questions or concerns you may have. Method [...]
COVID-19 Updates & Resources for Manufacturers
SSF is a proud sponsor and cofounder of AMBayArea. AMBayArea is committed to supporting the manufacturing community during these challenging times. They will continue to vet information and provide the latest updates, resources and Thought Leadership [...]
Beware: Coronavirus may affect financial reporting
The coronavirus (COVID-19) outbreak — officially a pandemic as of March 11 — has prompted global health concerns. You may also be worried about how it will affect your business and its financial statements for 2019 and [...]
Shelter in Place Order — Clarification for Businesses
Good Evening Clients and Friends, Today an order came down from the public health officials in six Bay Area counties ordering “shelter in place.” There have been many questions from our community regarding whether [...]
COVID-19 — SSF’s Modified Work Arrangements
Dear clients and friends, We hope that this message finds you well. We want you to know about the following temporary operating adjustments that we are making until we are through the current public [...]