March 12, 2020
As the spread of the corona virus takes hold in Michigan, we at LBF want to be sensitive to the risks facing our clients and our staff. We are taking every precaution to ensure that we are minimizing the possibility of contracting and spreading COVID-19. To better protect our clients and our staff, we have decided to cease face-to-face appointments with clients for the remainder of this tax season. We will, of course, reach out to you as we prepare your return and will discuss any issues as we normally would if you were here at our office. For those clients with existing appointments, we ask that you please call our office to make other arrangements.
You can provide your tax information to us via US Mail, FEDEX/UPS, Fax (248-932-0205), email, by dropping off your items at our front desk, or uploading your documents through your secure online portal. If you need assistance with setting up a portal, please call the office at (248) 932-0040.
With your best interests in mind, we hope you understand our intent and will comply with our request to avoid in-person contact.
We truly appreciate your cooperation.
We are pleased to announce that Congress changed some of the PPP rules over the weekend. It is important to note that several of the rules have been relaxed; those of you who were getting close to the end of your “8 week window” can now take a deep breath, as that period has been extended. As always, we are staying up-to-date as the new rules are rolled...
Many of you reading this have received, or will soon receive, the Payroll Protection Program (PPP) loan. And that’s good news. Not surprisingly, however, this distribution now shifts the focus to “what qualifies as forgiveness under this program?”
As of now if you spend at least 75% on payroll costs over an 8-week period, from the date you received the funds,...
Frequently Asked Questions
If I am applying or already received an Economic Injury Disaster Loan, is my small business eligible to participate in the Paycheck Protection Program?