Live Video Webinar – Challenging Times: Choosing the Right Family Business Advisors

Family businesses by their nature are run by owners that wear many hats and oftentimes “grew up” in the business. In these unique and challenging times, experience is everything. It is not unusual for family businesses to seek external expertise and resources. The real challenge for closely held family businesses is navigating through the process...
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Older Adults and COVID-19

Joyce Smith, Partner Joyce Smith, CPA, is a member of the Professional Services Team, as well as the Partner in charge of our Senior Care Financial Services. Our Senior Care Financial Services strive to provide aging clients with a unique blend of financial related services combined with a personal touch. Our goal at Strothman and...
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The Wealth Tax – Part 1

Dustin Wells, Tax Specialist A wealth tax in summary is a tax on (your) assets.  A wealth tax is different from an income tax.  A wealth tax is a tax on the value of a business’s or an individual’s assets – your house, your car, your investments, etc. – which, in effect, is a tax...
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How Businesses Can Help Protect Themselves Against Civil Unrest

If the COVID-19 pandemic isn’t a big enough strain on businesses trying to engage in commerce, whether it’s retailers, restaurants, manufacturers or those in the service sector, civil unrest puts another strain on surviving the downturn. Based on recommendations from the U.S. Department of Homeland Security and the U.S. Small Business Administration, businesses can prepare...
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Hiring in the Age of Coronavirus

The U.S. job market gained 2.5 million jobs during the month of May, dropping the unemployment rate to 13.3 percent, according to the U.S. Bureau of Labor Statistics. There’s likely been a lot of rehiring, with more to come as the economy continues reopening. However, until social distancing becomes a thing of the past, hiring...
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Best Part-Time Jobs During Corona

Even though unemployment is still relatively high, there are still some great part-time jobs you can do that will help cover basic expenses. Here’s a list of the industries that are hiring right now: Paid Survey Participant If you like to share your opinions (and who doesn’t), this job is perfect for you. Companies are...
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How Likely Would a Second Coronavirus Wave Negatively Impact the Stock Market?

As Johns Hopkins University of Medicine’s Coronavirus Resource Center revealed a recent increase of coronavirus cases in the Southern and Southwestern United States, the VIX ticked up. With fears of the outbreak curve not flattening, how will this impact markets? The Volatility Index (VIX) was established by the Chicago Board Options Exchange in 1993 to...
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Congress at Work: Helping Small Business Owners, Seniors, and U.S. Hostages, and Limiting Intrusive Domestic Surveillance

Paycheck Protection Program Flexibility Act of 2020 (HR 7010) – Rep. Dean Phillips (D-MN) introduced this legislation on May 26. This Act modifies provisions related to small business loans issued under the original Paycheck Protection Program. Specifically, the bill permits forgiveness of loans used to pay expenses incurred over a 24-week period, longer than the...
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GASB Statement No. 95 – An Unprecedented Standard in Unprecedented Times

Jennifer French, Principal, Assurance Services During these unprecedented times in light of the COVID-19 pandemic, the Governmental Accounting Standards Board (“GASB”) is giving us a break. During March 2020, the GASB received requests from various governments and organizations to postpone the effective dates of the pronouncements that were to be implemented for both the current...
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