The next 12 to 18 months is going to be financially difficult for many of our neighbors Our new normal is homeschooling, face masks and self-isolation. What few are talking about is the financial consequence of COVID-19. Many of our neighbors are faced with difficult choices – pay the mortgage or buy food and pay […]
SBA issues rules and guidance regarding the amended Paycheck Protection Program. The Flexibility Act: legislation signed June 5 lowered to 60% from 75% the minimum percentage of PPP funds borrowers have to spend on payroll costs to have the loans forgiven. Plus, extended the covered period from eight weeks to 24 weeks, after loan disbursement.
This is a difficult time for everyone – employer, employee, parents, and seniors. Never decide to do something without understanding the consequences of those innocent actions. We all know it is important to plan ahead. It cannot be more important than today. Many of you lost your job or were furloughed, but almost everyone has […]
CORONAVIRUS ASSISTANCE INFORMATION July 11, 2019 – the following is information from the Federal Housing Finance Agency. FHFA is closely monitoring the coronavirus national emergency’s effect on the housing finance market and continues to update policies and guidance to ensure its regulated entities – Fannie Mae, Freddie Mac (the Enterprises), and the Federal Home Loan […]
When someone files for bankruptcy they can keep certain things that are “exempt”. Stay with me as I explain this process. Every state has a list of items that a creditor cannot seize. Those items are referred to as “exempt property“. This protection is the same for everyone in that state, even if they file […]
COVID -19 Has Changed How We Live Our Lives What We Can Do to Survive and Flourish Why are we easily misled about the truth? Why Smart People Believe Coronavirus Myths, (the following is a clip form BBC.com/future) We’ve debunked several claims here on BBC Future, including misinformation around how sunshine, warm weather and drinking water can affect the coronavirus. […]
WARNINGS FROM THE FEDERAL TRADE COMMISSION March 30, 2020 – a reprint from article by Jennifer Leach, Association Director, Division of Consumer and Business Education, FTC. I know, 60-year-olds. You’re not old. In fact, we’ve found that, when people think “old,” they think of someone about 10 years older than they are right now. But, […]
According to the IRS: Tax Day now July 15: Treasury, IRS extend filing deadline and federal tax payments regardless of amount owed. IR-2020-58, March 21, 2020 – The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020.
Families First Coronavirus Response Act became law March 18, 2020 Two parts of this Act that effect us today: Emergency Family and Medical Leave Expansion Act
With Hello Landlord, tenants and landlords can work together to resolve issues before eviction. When tenants stay in their homes, landlords save money and communities are more stable. In order to develop Hello Landlord, we surveyed tenants, landlords, social services, government agencies, lawyers, judges, and court staff to create Hello Landlord. We found that in […]