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The CARES Act: Comparing SBA Loan Programs – EIDL and PPP

by Tracey Hrica, EA Mar 30, 2020

By now, any business in Maryland, who is in need of funds to get through the COVID-19 crisis, should have already applied for the $10,000 Maryland Small Business COVID-19 Emergency Relief Grant Fund. In an update to their FAQ’s, the grant program states that the business or nonprofit seeking grant funds must also seek longer term funding through its bank, SBA, or other source.  To expedite the application process, we suggest you an...

COVID-19 Emergency Relief Funds in Maryland

by Tracey Hrica, EA Mar 25, 2020

We wanted to update everyone on additional information we have received over the last couple of days concerning emergency relief funds.  We thank all of you who have shared information and resources that you have accessed on your own. First, we want to share some steps you should take prior to applying for relief funds, which we will go into more detail below: Compile a detailed list of ALL of your creditors Rent (Landlord) or Mortg...

Coronavirus Impact in Maryland

by Tracey Hrica, EA Mar 23, 2020

I know many of you have questions, as our phone has been ringing off the hook today!  This morning Governor Hogan enacted an executive order closing all non-essential businesses, organizations, establishment, and facilities in Maryland, effective at 5:00 today. Fortunately, our office has been deemed essential, so we will continue to be open to assist you during this time.  However, we will be keeping our door locked, and limiting acc...

Latest Update – Tax Filing Deadline Extended and More

by Tracey Hrica, EA Mar 20, 2020

To start with, we at Century wish the best for you and your families during this unprecedented time.  We promised to keep you up to date with the latest news regarding income and tax matters. The Families First Coronavirus Response Act was signed into law late Wednesday, so I will update you on that, but I want to touch on a few other areas first. When we last reported, the tax filing deadline had not been extended past April 15th – ...

Coronavirus – Stimulus Packages and Tax Deadlines – What We Know Today

by Tracey Hrica, EA Mar 17, 2020

With news updates being posted every few minutes, keeping up on the latest developments can be overwhelming. We want to give you a concise update on the economic and tax issues as they stand at the moment. Tax Deadlines: The Treasury Department did NOT extend the deadline to file taxes past April 15th. What they did do was extent the due date for any tax payments owed. Those payments are now able to be automatically deferred, interest f...

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Latest Articles

The CARES Act: Comparing SBA Loan Programs – EIDL and PPP

By now, any business in Maryland, who is in need o...


COVID-19 Emergency Relief Funds in Maryland

We wanted to update everyone on additional informa...


Coronavirus Impact in Maryland

I know many of you have questions, as our phone ha...


Latest Update – Tax Filing Deadline Extended and More

To start with, we at Century wish the best for you...


Coronavirus – Stimulus Packages and Tax Deadlines – What We Know Today

With news updates being posted every few minutes, ...