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Coronavirus (COVID-19) Impact

04/17/2020

Clients have begun to receive deposits relating to the various government programs. 

· Numerous opinions have been offered about how to track these funds.  Seemingly simple methods, such as separate bank accounts for each source of funding, create unintended complexities.

· Later today we will be emailing you information about how we intend to help you organize your systems to track deposits and corresponding disbursements for each of the programs. 

 

PLEASE KNOW THAT

  • Virtually all these deposits come with STRINGS ATTACHED.
  • BEFORE YOU SPEND THE MONEY, YOU NEED TO BE FAMILIAR WITH THE STRINGS.

 

Our timeline for Constant Contact Emails:

April 18, 2020: PBM SYSTEM FOR MONITORING GOVERNMENT PROGRAM FUNDS

April 20, 2020: WE HAVE THE PPP MONEY—NOW WHAT DO WE DO?

April 21, 2020: UPDATE ON THE STRINGS ATTACHED TO EACH PROGRAM

 

 We will address the specific needs of each client on a case by case basis.

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