COVID-19 News

/COVID-19 News

Our number one priority is the health and safety of our people, families, clients, and communities. While these are unprecedented times, MOD Ventures is committed to helping you navigate through these difficult times. We have developed a series of COVID-19 resources and updates to keep you informed of the changes that may impact you and your business.

13 08, 2020

Executive Order to Delay Federal Payroll Tax

By | 2020-08-13T14:40:34-07:00 August 13th, 2020|COVID-19 News, Tax, Uncategorized|0 Comments

On Saturday, August 8, President Trump signed an executive order to help Americans get back on their feet and stimulate the economy.  Part of this executive order will delay Federal payroll tax. The constitutionality of this order is expected to be challenged.  The following summarizes the order: To start, the executive order hopes to [...]

12 08, 2020

Mid-Year Tax Planning Tips for Tucson Small Businesses

By | 2020-08-13T09:39:16-07:00 August 12th, 2020|COVID-19 News, Tax, time and money savers, Uncategorized|0 Comments

Are you ready for some Mid-year tax planning? It's important to have your taxes in mind at all parts of the year, but the mid-point is a great time to evaluate everything and see how you're doing. Mid-year tax planning is a great way to make sure you are in compliance and will help [...]

5 06, 2020

PPP Flexibility Act Tucson – Updated

By | 2020-08-13T09:46:32-07:00 June 5th, 2020|COVID-19 News, Financial|Comments Off on PPP Flexibility Act Tucson – Updated

Here are some quick facts on the PPP Flexibility Act forgiveness! You don't want to miss this info: 1. PPP borrowers can choose to extend the eligible period from 8 to 24 weeks from the date of the loan's origination (or December 31, 2020, whichever comes earlier). They can also keep the original 8-week [...]

1 06, 2020

Tax Changes from the CARES Act for Phoenix Business Owners

By | 2020-08-13T09:48:01-07:00 June 1st, 2020|COVID-19 News|Comments Off on Tax Changes from the CARES Act for Phoenix Business Owners

There are many tax changes from the CARES act you should know about as a Phoenix business. COVID-19 has affected tax laws, deadlines, and more. In this post, you will find 10 of the tax changes and how they will affect you. 1. Federal tax returns and payments deferred to July 15, 2020. The [...]

19 05, 2020

Tucson Businesses that Succeeded During COVID-19

By | 2020-08-13T09:48:58-07:00 May 19th, 2020|Business Advice, COVID-19 News|Comments Off on Tucson Businesses that Succeeded During COVID-19

COVID-19 related closures have changed business ownership as we know it. Some businesses were able to walk out of this situation relatively unscathed, while others had to completely shut down. How well a business did is largely due to the nature of the businesses. However, it also has a lot to do with how [...]

12 05, 2020

Opening Your Phoenix Business After COVID

By | 2020-08-13T09:50:25-07:00 May 12th, 2020|Business Advice, COVID-19 News, Uncategorized|Comments Off on Opening Your Phoenix Business After COVID

With COVID closures coming to an end in most states, you might be wondering about opening your business again after COVID. This period of time has been extremely hard for all business owners, but we hope that your business opening back up will be the light at the end of the tunnel. In this [...]

14 04, 2020

Paycheck Protection Loan: How it’s Really Going in Tucson

By | 2020-08-13T09:55:35-07:00 April 14th, 2020|COVID-19 News, Uncategorized|Comments Off on Paycheck Protection Loan: How it’s Really Going in Tucson

The Treasury has found many ways to help individuals and businesses in Tucson during COVID-19 closures. One of these aids is the Paycheck Protection Loan. On the surface, it seems to be a great deal; however, it might not be suited for all types of businesses. Keep reading to learn more about the fine [...]

7 04, 2020

Tucson Business Persevering through COVID-19

By | 2020-08-13T09:59:17-07:00 April 7th, 2020|Business Advice, COVID-19 News|Comments Off on Tucson Business Persevering through COVID-19

During great times of stress, it is easy to feel like the carpet has been pulled out from under you. We wanted to offer encouragement to Tucson businesses in a hard place during this pandemic. Persevering through COVID-19 will make us stronger as people! Truthfully, we're all in a hard place, just in different [...]

1 04, 2020

Paycheck Protection Loans for Phoenix Small Businesses

By | 2020-08-13T10:13:14-07:00 April 1st, 2020|COVID-19 News, payroll, Uncategorized|Comments Off on Paycheck Protection Loans for Phoenix Small Businesses

Coronavirus related closures have and will continue to affect Phoenix small businesses and sole proprietorships. With paycheck protection loans, businesses can receive a loan to help them stay open during this time. Keep reading to learn more about how to apply. When can you apply for Paycheck Protection Loans? Phoenix small businesses and proprietorships [...]

1 04, 2020

Individual Stimulus Check in Tucson

By | 2020-08-13T10:15:20-07:00 April 1st, 2020|COVID-19 News, Uncategorized|Comments Off on Individual Stimulus Check in Tucson

As a part of Congress' CARES Act, individuals in Tucson can receive a recovery rebate of up to $1,200 per individual or $2,400 per married couple. An additional $500 payment will be sent to taxpayers for each qualifying child dependent under age 17. Keep reading to learn more about the rules regarding individual stimulus [...]