Executive Forum Goes Virtual Covering Response & Recovery During a Pandemic

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 paper and other branded… 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 »

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 »

Estate Planning: How COVID-19 May Change Your Estate Tax Obligation

The individual federal lifetime estate tax exemption is at an all-time high of $11.6 million. The high lifetime exemption, coupled with lower asset prices, creates a good opportunity for owners of closely-held family businesses to execute estate plans.  Executing an estate plan can relieve families of the burden of estate taxes, align assets to ensure… Read more »

Understanding the PPP Loan Forgiveness Application

The U.S. Small Business Administration (“SBA”) recently released the Paycheck Protection Program (“PPP”) Loan Forgiveness Application along, with detailed instructions, which can be found on SBA’s website as well as on the U.S. Department of Treasury’s website. The application contains the following components: PPP Loan Forgiveness Calculation Form; PPP Schedule A; PPP Schedule A Worksheet;… Read more »