Paycheck Protection Program Application

The Department of Treasury has released the Paycheck Protection Program application and supplemental information, all available on their website. As a reminder, funds from this program: Can be used for employee salaries under $100,000, paid sick or medical leave, insurance premiums, and mortgage, rent and utility payments; Are 100% forgivable if used for the above purposes; and Are… Read more »

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 »

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 »

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 »

Marketing Your Government Contracting Business

It feels great to solve a prospect or client’s problem, but making new relationships and growing your business brings your satisfaction to a whole new level. I’ve always had a passion for marketing and its underlying concepts. So many of them seem like ‘common sense,’ but we all need reminders on connecting with our target… Read more »

Should C Corporations be Revisited?

With the recent changes in the Tax Cuts and Jobs Act and C Corporations seeing significant benefits, many have begun to circle back on their entity status. Why were tax rates reduced for C corporations under the new law? To put it simply, they wanted to incentivize the ‘big boys’ who chose to operate overseas… Read more »

What is missing? | Disaster Recovery Planning

With all of the focus on Cybersecurity in IT these days I think it is important to not forget about your disaster planning.  A cyber-event can definitely be considered a disaster and sometimes your Disaster Recovery Plan (DRP) could save you from a cyber-event but I want to talk about a basic element of a… Read more »

ISACA | State of Cybersecurity Survey

ISACA recently released results from the annual global State of Cybersecurity Survey conducted last October.  A total of 2,366 individuals with a Certified Information Security Manager (CISM) and/or Cybersecurity Nexus Practitioner (CSX Practitioner) participated in the 2017 survey.  The results were not earth shattering but some were of interest. From a threat landscape perspective, the… Read more »

Failing to properly complete Form I-9 can be costly

In recent years, U.S. Immigration and Customs Enforcement (ICE) agency has focused its attention on construction companies and other businesses that rely heavily on foreign workers. And the agency isn’t just targeting companies that employ workers who are in the country illegally. It’s also penalizing businesses that fail to satisfy their employee verification paperwork requirements…. Read more »