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 »

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 »

Being A Strong Leader | Great Leadership Is An Invaluable Tool

How often do you challenge your personal leadership skills? Why is this important to your organization? Surveys have shown that great leadership is an invaluable tool in retaining top talent. What is Leadership? Leadership involves motivating a group of people to pursue a common goal, or to accomplish a shared task. We frequently think about… 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 »