Lank, Johnson & Tull, CPAs is saddened to learn of the passing of our founding partner, Robert B. Lank. Our thoughts and prayers are with his family.

Delaware Relief Grants are designed to give Delaware small businesses and nonprofits access to funds to help cover expenses and provide relief related to COVID-19. The program, which will have at least $100 million in funds available, is a joint initiative from the State of Delaware and New Castle County. The grant application will be live in early September. To apply, visit https://business.delaware.gov/relief/

The Payroll Protection Program is our recommended course of action for most business clients affected by the Coronavirus Pandemic. The demand for this program has overwhelmed financial institutions and the funding disappears very rapidly. If you have been unsuccessful in getting a Payroll Protection Program loan, read on.

We hope that you are keeping yourself, your loved ones, and your community safe from COVID-19 (commonly referred to as the Coronavirus). Along with those paramount health concerns, you may be wondering about some of the recent tax changes meant to help everyone coping with the Coronavirus fallout.