I wanted to reach out to area businesses and discuss some of the issues we are facing in our area and the world today. We are currently being directed by Gov Cuomo to reduce office workforces by 100% for non-essential businesses to help combat the spread of COVID-19. There are new Bills being proposed daily and changes are happening multiple times a day. As of this email the IRS has granted an extension of filing for 90 days as well as the previous extension of 90 days to pay amounts owed.
Many employers are looking into furlough and temporary layoffs while the current environment continues to threaten our daily way of life. Unemployment applications have exploded and the state website is being overloaded with new applications. The SBA is authorized to grant disaster relief loans for businesses effected and their website is being inundated with new applications as well.
We are awaiting the passage of a proposed bill that will include $300 billion for small businesses. As we get more information coming in on approved bills, not hypotheticals, we will continue to update you.
As always we will continue to work diligently to keep our business family informed on the ongoing circumstances and the changes in legislation we expect to continue to see. In the meantime, concentrate on the benefits we have through these trying times…
Family, social connections and support, love and faith. Together we will be better on the other end of this and learn to adapt more readily to anything that life and the government throws our way.
We are always here for you either through phone, email or video conference.
Yours in Health and Safety-
Schneider Financial Group, Ltd.
824 Route 6, Suite 4 - P.O. Box 628
Mahopac, NY 10541-0628
845 628-5400 - 845 628-5460 FAX