PITTSFORD, N.Y. March 27, 2020—In support of local businesses impacted by COVID-19, RDG+Partners, a Pittsford-based accounting firm, is offering complimentary stimulus assessments. Through its assessment program, the firm will conduct individual reviews with business owners to help determine for which benefits they qualify under the CARES Act and/or the Small Business Association (SBA) Disaster Loan program.
On March 25, the U.S. Senate passed the Coronavirus Aid, Relief and Economic Security (CARES) Act. The bill provides multi-faceted assistance to individuals and businesses, including stimulus checks, forgivable loans, employer payroll tax deferral, expanded unemployment insurance benefits, and more. In addition, small business owners and non-profits in designated states—including New York—are eligible to apply for low-interest loans through the SBA’s Disaster Loan program. The SBA program provides working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue experienced due to COVID-19.
“The financial disaster relief initiatives coming to the forefront are critical to helping many businesses survive. But the amount of information is completely overwhelming, and many business owners don’t know where to begin making sense of it all,” said John Rizzo, CPA, Managing Partner, RDG+Partners. “We understand the stress everyone is under to maintain their businesses, especially when so many have been forced to close or significantly decrease their work. With the complimentary assessments and consultations, our advisors are lightening that mental load for a lot of businesses, helping put them in the best possible position to get through this.”
During the consultations, an RDG+Partners advisor reviews each aspect of the relief programs and the necessary qualifications with the business owner, calculates an estimate of the financial need and loan request, provides counsel regarding which programs to apply for and how to apply for each relief item.
For more information or to schedule a complimentary COVID-19 relief assessment, business owners can call (585)673-2600 or email firstname.lastname@example.org.
Following the 9/11 terrorist attacks in 2001—and amid the resulting financial downturn—Rizzo helped business owners obtain more than $50 million in assistance through stimulus programs similar to those being offered to mitigate the economic impact of COVID-19.
RDG+Partners has also established an online resource center to provide the latest information for businesses impacted by COVID-19. The resources are updated regularly at rdgandpartners.com/resource-center.
RDG+Partners offers tax, business planning, accounting, auditing, and wealth management services, and specializes in areas such as real estate, construction, professional services, and consulting. Its partners are John Rizzo, Brian DiGiacco, Christopher Gamble, Timothy Hern, Whitney Baniewicz and Daniel Matteo.