COVID-19 has been very disruptive in the financial world, so we thought it would be beneficial to revisit a couple of topics that often get very little priority during anxiety-filled periods of uncertainty and disruption. These periods also offer opportunities (i.e. low-interest mortgages) that you may not take advantage of, as you are pressed for time and attention on other matters. In addition, those nearing retirement must focus on engaging in prudent planning for the "Golden Years" to ensure they are still achievable.

While you're analyzing your business goals and objectives, don't forget about your personal financial condition at home as well. Many times, personal finances are the most often ignored aspect of very busy business owners' lives. A mid-year review is warranted.

Preparing a  personal financial statement on a periodic basis is of vital importance. Avoiding this assessment of your personal financial condition puts you and your family at risk of financial instability. You should not only prepare it but also analyze it and make sure your personal assets and level of liabilities are consistent with your goals and objectives. Oftentimes people don't want to prepare it, as they are fearful of what it might tell them. You must face reality .

Welcome to Part 3 of a multipart series on Retirement: Planning, Executing and Enjoying! In Part 1, we talked about spending. In Part 2, we explored risk management. In this final part, we're going to discuss avoiding the post-retirement blues and having fun in retired life.

Ask anyone who has retired recently, and you'll discover a real phenomenon - the post-retirement blues. This can be especially true for a go-go Type A person from the business world who has invested so much of themselves in their career that it has come to define them.

As a Manager in the Accounting Services department, Mary Ferguson has a wealth of experience helping clients with their internal accounting and bookkeeping needs. She is a QuickBooks Desktop and QuickBooks Online Certified Pro Advisor who helps businesses and organizations with the setup, installation and training of QuickBooks.

Mary also provides payroll processing, family office services, bookkeeping on loan services and financial statement review and analysis. She has a bachelor's degree in business and accounting from IUPUI, having grown up in Indianapolis and attended school here, including Forest Manor Middle School and Arlington High School, which is now a middle school.

Congratulations to Christopher Sargent!

Christopher Sargent has been promoted to Senior in the Audit & Assurance Services department. We're thrilled to have him in this position, and he's eager to build upon the ways in which we can best serve our clients in this ever-changing economy.

PPP Loan Forgiveness Task Force

Given the deadline extension to August 8 for the Paycheck Protection Program (PPP), our PPP task force is dedicated to explaining the programs' provisions, analyzing the potential benefits and helping business gather the information needed.

Thank You, Everyone!

We want to thank our staff for the extra effort they've put in to help us during what has become the longest tax season ever. COVID-19 threw us for a loop, but our team rose to the occasion. We also thank our clients for their patience during this difficult period. We will continue to keep you abreast of COVID-19-related updates through our COVID-19 Resource Center.