SBA Guidance and Loan Resources

[ updated March 27, 2020 | 11:30am ] The U.S. Small Business Administration (SBA) has released several resources to assist small businesses impacted by the COVID-19 including low-interest disaster loans. We will update this page as health and government officials continue to release new funding, grants and resources. Contact us with any specific questions and… Read more »

Senate Passes CARES Act

[ Updated March 27, 2020 | 3:00pm ] UPDATE: House passes Senate Bill in historic vote. On to President Trump for signature. More information to come as it develops… After extensive negotiations between the U.S. House of Representatives, the U.S. Senate and the White House, an agreement has been reached on a massive stimulus bill… Read more »

Construction Industry | COVID-19 CONSIDERATIONS

[ Updated March 25, 2020 | 11:30am ] At YHB we work with clients in the Construction Industry across the region, of all shapes and sizes. Over the past few days we have been in touch with many of our clients as we work together to lead through this pandemic. Below we have included some… Read more »

Community Banks | COVID-19 Considerations

[ Updated March 27, 2020 | 9:05am ] We are experiencing an unprecedented time: exponential growth of Covid-19 (Coronavirus) cases, social distancing, and growing unemployment. As the United States economy and daily life is being reshaped by COVID-19, maintaining “normal” business functions during these times is a challenge. At YHB we work with Community Banks across… Read more »

Business Decisions During the Epidemic

“So, first of all, let me assert my firm belief that the only thing we have to fear is…fear itself — nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance.”                         – Franklin D. Roosevelt We are experiencing an unprecedented time: exponential growth of Covid-19 cases, social distancing, and growing unemployment. Just… Read more »

Healthcare Organizations | Tips for Dealing with COVID-19

We are experiencing an unprecedented time: exponential growth of Covid-19 (Coronavirus) cases, social distancing, and growing unemployment. As the United States economy and daily life is being reshaped by COVID-19, maintaining “normal” business functions during these times is a challenge. At YHB we work with Healthcare organizations across the region of all shapes and sizes. Over… Read more »

What you need to know about the Families First Coronavirus Response Act

President Trump has signed into law the Families First Coronavirus Response Act. Among other things, the new law: Requires certain employers to provide paid leave benefits to employees affected by the coronavirus outbreak; expands unemployment benefits and offers grants to states to process and pay claims; and mandates coverage of coronavirus testing with no cost-sharing…. Read more »

Virginia Tax Update

As Federal measures to mitigate the economic effects of the COVID-19 (Coronavirus) pandemic continue to roll out, states are slowly adopting their own guidance. On March 19, 2020, Governor Northam announced tax changes to assist Virginia residents and businesses in hope of lessening the economic impact caused by COVID-19. [ Updated March 20, 2020 | 1:52pm… Read more »

Federal Tax Filing Delayed until July 15

[ Updated March 28, 2020 | 1:00pm ] Federal measures to mitigate the economic effects of the COVID-19 pandemic continue to roll out. On March 20, Treasury Secretary Mnuchin announced that the federal income tax filing deadline has been extended to July 15, 2020.  As of this writing, there are few details concerning the new extension and specific… Read more »

IRS Issues Guidance on a 90-Day Extension for Tax Payments

[ Updated March 24, 2020 | 3:45pm ] Federal measures to mitigate the economic effects of the COVID-19 pandemic continue to roll out almost daily. As of this writing, there are few details concerning the new federal income tax payment or filing deadline extension and specific requirements. However, it’s important to state what we know… Read more »