Wichita, Kansas, USA

Wichita is the largest city in Kansas (KS) state, and is located in the south-central region of the state. The city has a population of approximately 390,000 people and is the county seat of Sedgwick County.

Wichita is known as the “Air Capital of the World” due to its long history of aviation and aerospace manufacturing. The city is home to several major aircraft manufacturers, including Spirit AeroSystems, Boeing, and Textron Aviation, as well as numerous smaller aerospace companies.

In addition to its strong aviation industry, Wichita is also known for its vibrant arts and culture scene. The city is home to several museums and art galleries, including the Wichita Art Museum, which has a large collection of American art, and the Museum of World Treasures, which features exhibits on world history and culture.

Wichita is also home to several annual festivals and events, including the Wichita River Festival, which features live music, food, and other entertainment, and the Tallgrass Film Festival, which showcases independent films from around the world. Continue reading

Paycheck Protection Program

Paycheck Protection Program (PPP) is a loan designed by the US Govt, and implemented by the SBA, to provide a direct and immediate incentive for small businesses to keep their workers on the payroll, and thus avoid large scale job losses, because the SMBs create over 50% of the total jobs across America.

SBA will forgive loans if all employees are kept on the payroll for eight weeks, and the money is used for payroll, rent, mortgage interest, or utilities.

You can apply through any existing SBA 7(a) lender, or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program.

Lenders may begin processing loan applications as soon as April 3, 2020.
The Paycheck Protection Program will be available through June 30, 2020.
Please check with your local lender whether it’s participating in the program.

Who Can Apply
The following entities affected by Coronavirus (COVID-19) may be eligible:

  • Any small business concern that meets SBA’s size standards (either the industry based sized standard or the alternative size standard)
  • Any business, 501(c)(3) Non-profit organization, 501(c)(19) Veterans organization, or Tribal business concern (sec. 31(b)(2)(C) of the Small Business Act) with the greater of: 500 employees, or that meets the SBA industry size standard if more than 500.
  • Any business with a NAICS Code that begins with 72 (Accommodations and Food Services) with more than one physical location, and employs less than 500 per location
  • Sole proprietors, Independent Contractors, and Self-employed persons.

Please see this page to learn more details. Thanks.
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp

Berberich Trahan & Co., P.A., CPA in Topeka, KS

Since 1998, Berberich Trahan & Co., P.A. has been a proud member of RSM US Alliance, a premier affiliation of independent accounting and consulting firms in the United States, with more than 75 members in over 38 states, the Cayman Islands, and Puerto Rico. We accepted an invitation to become a member of RSM US Alliance because it is a natural fit with our commitment to our clients and our determination to stay at the forefront of developments affecting accounting and consulting firms today.
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Address:
3630 SW Burlingame Rd
Topeka, KS 66611-2050
Email: info@btandcocpa.com
Phone: (785) 234-3427
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