Amidst the current pandemic, businesses are at a frantic standstill for obtaining financial resources through the United States’ CARES act. To assist local family-owned businesses both large and small, Family Office Network sat with president and CEO of Palm Beach Tax Group, Roland C. Manuel to talk about sustainable financial business practices during this unpredictable COVID-19 financial crisis.
Raised by his grandmother in South Florida, Manuel wanted to pursue architecture and law but was inspired by his grandmother to change his career path. Working with her, Manuel shifted completely to tax and finance and she hired him at Palm Beach Tax Group. Manuel’s upbringing by his family in finance and tax has given him the drive to support local family-owned businesses much like his own.
During Family Office Network’s interview with Manuel, some of the topics they reviewed were geared towards explanations behind the paycheck protection program forgiveness and qualifications, loan cap rules for franchisees, the effect of using third-party payroll providers, and what quarterly dates should be used to calculate maximum loan value.
Having Palm Beach Tax Group’s Roland C. Manuel as a resource is an integrated approach for meeting tax and financial needs for multi-family offices, business owners, and taxpayers of South Florida.
With no sight on when the pandemic will end, the government is set in their exclusions when it comes to added employee benefits. Said exclusions include non-cash benefits such as group healthcare coverage, local and state tax payments, and retirement plans.
Having Palm Beach Tax Group’s Roland C. Manuel as a resource is an integrated approach for meeting tax and financial needs for multi-family offices, business owners, and taxpayers of South Florida. The goal of the Palm Beach Tax Group is to keep clients tax-aware and advise them on how to run a financially sustainable business as well as how to accumulate additional wealth to feel secure during unprecedented times.
To see his insights on navigating the CARES Act for family owned and other businesses visit here.
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