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It’s that important time of year—tax time. The year 2020 has seen massive health problems due to the broad impacts of the COVID-19 pandemic. To counteract the spread of COVID-19, businesses were closed and patronage restricted, events canceled, people socially distanced, and schools transitioned to online classwork.   The effects on businesses included drastic reductions in revenue, layoffs, and furloughs, and remote working. Government assistance has included support programs, new regulations, and support payments of various types. Without professional assistance, tax…

Today’s society places such high importance on achievement, professional fulfillment, and monetary rewards that some individuals spend an inordinate amount of time at work, thus feeling out of balance relative to other important roles in their lives. Work-life balance suggests a harmony or equilibrium between the time and attention allocated for work and the time and attention allocated to other aspects of life including personal interests, family, social, and leisure activities.   Balance doesn’t suggest an equal allocation of time to…

Shortly after the World Health Organization (WHO) declared the novel coronavirus a worldwide pandemic, governors across the United States ordered the closure of millions of businesses to help slow its spread. This hit small businesses, especially those in the retail, bar and restaurant, personal services, and hospitality industries, extremely hard from a financial perspective. Recognizing this, Congress scrambled to put together several business relief programs in the forms of loans and grants. One such program is Economic Injury Disaster Loans…