Stay updated on all areas of tax filings and business processes affected by COVID-19

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Maximizing Paycheck Protection Program Loan Forgiveness

NEW Fact Sheet

Maximizing Paycheck Protection Program Loan Forgiveness

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Letter from our firm

Dear Clients,

We understand that everyone is concerned about Coronavirus. And we are as well, which is why we are taking precautions to keep our clients and our staff safe.

While the threat of Coronavirus exists, we are asking both clients and staff who feel unwell or have sick loved ones to refrain from visiting Rulien & Associates onsite. If you have tax documents to deliver or need to communicate with our team, please do so through Liscio.

In addition, we highly recommend that you visit the Alaska Health Department website for current guidelines on good hygiene practices to prevent the spread of COVID-19 and other respiratory diseases. Our main focus is the continued good health of everyone!

Please be sure to reach out to us with concerns or questions. We are here to help!
 
If you are business owner, here are the 6 things you need to be doing or considering now to help you deal with the consequences of this pandemic.

  1. Consolidate as many liquid financial resources as possible

    • Apply for and obtain an SBA loan

    • Evaluate open lines of credit

    • Consolidate cash savings

    • Consider home equity financing

  2. Prepare and update a crisis budget

  3. Develop an employment strategy

  4. Prepare and maintain a cash flow burn rate analysis

  5. Track qualified loan forgiveness expenses

  6. Implement cloud-connected technologies

For individuals…there is help coming from the national government from both the disaster relief program passed recently and the new stimulus package which the House is set to vote on today.