BLS Insights

Discover the depth of BLS knowledge and information.

Month: August 2020

High-Level Multidisciplinary Teaming

August 25, 2020

Multi-disciplinary teaming, also known as collaboration, occurs whenever two or more advisors work together in a process that is “client-centric” to design, recommend, and implement specific strategies to the client. The issue at hand could be as simple as recommending a Roth conversion strategy, but also includes planning for retirement, education, portfolio management, risk management, … Continued

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Delaware Relief Grants

August 20, 2020

Originally Posted August 20, 2020 / Updated August 25, 2020 The State of Delaware and New Castle County are working together to provide further relief to Delaware nonprofits and small businesses who have been impacted by the COVID-19 pandemic. They recently announced new funding through the means of “DE Relief Grants.” Funding for this program … Continued

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COVID-19 Update: FAQ Updates for Economic Impact Payments

August 18, 2020

The IRS recently updated their FAQ page related to Economic Impact Payments (EIP), also known as Stimulus Payments. To help simplify the details of what was added to this FAQ page, the BLS Team outlined the highlights below.   EIP Update Highlights:   EIP FAQs Related to Double Payments Eligible taxpayers who filed tax returns … Continued

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COVID-19 Update: FAQ Updates for PPP Economic Injury Disaster Loans

August 17, 2020

The IRS recently updated their FAQ page related to Economic Impact Payments (EIP), also known as Stimulus Payments. To help simplify the details of what was added to this FAQ page, the BLS Team outlined the highlights below. PPP EIDL FAQ Highlights:   If a borrower applied for an Economic Injury Disaster Loan (EIDL) directly … Continued

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CARES Act Opportunities for Nonprofits

August 13, 2020

Many nonprofit organizations are facing an uphill climb managing the financial challenges brought about by the COVID-19 pandemic. There have been several adjustments made to employee expenses, programs delivered, services offered, and fundraising. A recent study from the Charities Aid Foundation of America found that up to a third of nonprofits could close within 12 … Continued

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COVID-19 Update: SBA FAQs on PPP Loan Forgiveness

August 06, 2020

In an effort to provide guidance to companies and nonprofits that received a Payroll Protection Program (PPP) Loan, the Small Business Administration published Frequently Asked Questions related to PPP Loan Forgiveness. The guidance provided is lengthy and questions still remain. To help give a summary of what you need to know now, the BLS Team … Continued

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