FAQs Regarding PPP Forgiveness Deductions

Read time: less than 10 minutes Do not factor the loss of deductions under PPP Forgiveness. This factoring determining your quarter 3 estimates for tax payments should not include these specific deductions. Because the PPP is new to everyone this year, there is much confusion and many questions geared around the Program in attempt to… Read more »

CTBK Ends Month With New Partnership

Read time: less than 5 minutes Our firm partnered up with Victory Sports Global Outreach (VSGO) this July, supporting their mission “to help under-resourced schools, leagues, teams and athletes obtain the equipment they need to play and compete in sports.” CTBK’s Helping Hands committee is dedicated to giving back to the local community, as well, aligning… Read more »

CTBK Promotes Over a Dozen Team Members 

Read time: 5 minutes CTBK prioritizes the human connection. As the pillar of our Core Values, we strive to create the perfect balance between serving clients, giving back to our local community, and bettering ourselves, as individuals in our own career path and as one team. The following individuals have been promoted at the firm… Read more »

Spotlight: Partner Takes the Reins in Inspiration

Read time: 10 minutes Throughout the city of Buffalo, many organizations and groups take the initiative to award professional men and women for being awesome people to work with, in one way or another. Recently, nominations were collected for the Women of Influence and we were honored to highlight one of our first female partners… Read more »

Executive Forum Goes Virtual Covering Response & Recovery During a Pandemic

Read time: 5 minutes Seats are perfectly aligned row by row, all facing a front table set for just a few people. Buffalo Business First drops a canvas background dotted with their logo to set the scene behind the four panelists awaiting to come out. Each seat is dressed with a pen and pad of… Read more »

Changes have been made to the PPP loan — Here’s what you need to know.

Things just got switched up for small businesses, but it seems to be leaning in business owners’ favor. This month, the Paycheck Protection Plan Flexibility Act (PPPFA) was officially signed into law. These updates can make a major impact on any small business that happened to get hit hard during this year’s pandemic. CTBK wants… Read more »

Three Weeks Remaining to Apply for a Tax Filing Extension

In April, the IRS announced that US taxpayers had an additional three months to file their taxes, moving Tax Day to July 15, 2020 from the original April 15 deadline date.  Those three months are almost up, as we’re just three weeks away from the extension deadline. For those who have yet to file their… Read more »

Understanding Response & Recovery From Wherever You Are

Now months into the pandemic, it seems most of us are used to “abnormal.” Buffalo Business First is addressing Response & Recovery in regards to COVID-19 with special focus on our local region. Business succession planning is important no matter what, but these odd times are truly putting the practice to the test. On the… Read more »

CTBK Finance Expert Chats With Buffalo Business First on Lending Program

The Federal Reserve announced it is striving to assist small- and medium-sized businesses with its latest program: Main Street Lending. This program has been designed to help businesses that were on solid ground before the COVID-19 pandemic get back on their feet. The Federal Reserve states the Program will operate through three facilities: Main Street… Read more »