Summary Keeping employees on payroll can potentially lead to a forgiven loan. Recommendations for small business owners to help stay financially afloat during this time. Our partner, Fundera can provide guidance on how to navigate the impact of COVID-19 on your business as well as access to SBA Paycheck Protection Program funding and various
Summary Eligible taxpayers will automatically receive a stimulus payment depending on their total income. Estimate your stimulus payment amount with our calculator. The IRS will calculate and deposit the payment into your bank account based on the banking account on your tax return. The federal government recently passed the Coronavirus Aid, Relief, and Economic Security
Summary Phishing is becoming more sophisticated and more frequent. Watch out for red flags, such as being asked for your personal details over the phone. Proactive steps to protect your identity include shredding documents with personal information and creating strong and different passwords for each account. While phishing scams (when hackers pose as a
Summary If you can pause payment on any bills, that will free up more money for groceries, medications and essential household items. Put aside some money for emergencies. Consider supporting local businesses and restaurants that are only open for delivery and takeout. The latest on the Coronavirus stimulus checks and tax refunds The stimulus
Summary No one knows how long this pandemic will last, so it is important to plan for the long term with regard to your finances. Overview of steps to stay afloat during times of financial uncertainty. While there is a lot of uncertainty right now regarding how long this pandemic will last and the
Summary You may want to consider a financial or credit counselor to assist with your finances during this challenging time. Do research to determine which organization to contact. Some organizations offer free services. We understand that this is a difficult time and that you have lots of questions about your finances. You may want to
Summary Applying for another credit card can help provide a financial buffer for emergency expenses. Explore options for credit cards based on your current credit standing. If you are currently facing or anticipating a reduced income during this time, applying for a low-interest credit card can help provide a buffer for emergencies. We’ve outlined some
Summary The federal government is suspending all foreclosures and evictions for 60 days. Check to see what your state and/or city is doing regarding mortgage and rent payments. Contact your lender or landlord for payment options. If you lost your job due to the Coronavirus, one of the first things that most likely came to
Summary: If you think you may experience income loss during this time, there are steps you can take to prepare your finances accordingly. Companies that are hiring range from Walmart and GE Healthcare to CVS and Instacart. What you need to know if filing for unemployment. Preparing for Loss of Income If you are currently
If you are looking for temporary relief, you must first contact your provider to discuss an agreement. Skipping payments without an agreement in place could result in a negative impact to your credit score. There are many companies that are coming together to provide support to all consumers during this time with late-payment forgiveness, suspending