Froehling Anderson Blog

Resource Websites for Your Business About COVID-19

Small business owners always have a lot on their plates as they manage the day-to-day operations of their company including sales, customer retention, marketing, culture initiatives, and growth

Minnesota Small Business Relief Grants Apps Available June 23, 2020

MN Department of Employment and Economic Development (DEED) will be accepting applications Tuesday, June 23 through Thursday, July 2 for MN Small Business Relief Grants Program.

COVID-19 Preparedness Plans for Businesses

All businesses – including Critical Businesses must fully adopt and implement a COVID-19 Preparedness Plan by June 29, 2020, per Executive Order 20-74.

New PPP EZ Loan Forgiveness Application and Interim Final Rules

The PPPF Act made changes to the CARES Act that originally established PPP. Now further guidance is published and an EZ Loan Forgiveness Application is available.

Lease Accounting Considerations in the Era of COVID-19

The COVID-19 Pandemic has had widespread financial impact on almost all businesses. The real estate industry and business owners are expecting to see a significant amount of lease modifications for

Emergency Family and Medical Leave Expansion Act (EFMLEA)

The Families First Coronavirus Response Act (“FFCRA”), provided emergency supplemental appropriations to those affected by COVID-19.  The FFCRA expands the Family and Medical Leave Act (“FMLA”) by

Paycheck Protection Program Flexibility Act

New legislation called the PPP Flexibility Act was passed and was signed into law. This relaxes some of the requirements of the PPP forgiveness.  Here are some of the highlights.

SBA Posts Interim Final Rules for PPP Loan Forgiveness

The Small Business Administration released guidance on the PPP loan forgiveness. This document gives clarity on the requirements for loan forgiveness.

Business Check-Up Tool

Understanding where your business is and what the future holds can be challenging.  You may be wondering how long your business can survive or when will your cash flow be in the black again. 

Minnesota Sales and Use Tax Returns Due May 20

Monthly and quarterly sales and use tax returns and payments are due May 20, 2020 for February and March. Taxpayers must file a return even if there is $0 reported in tax.