May 2020 Newsletter


The General Ledger, Edition 2, May 26, 2020
A Message From Our Managing Partner

Like all of you, we at HTB are monitoring the developments surrounding COVID-19 and evaluating how we can continue to best serve and protect our employees, communities and clients. Everyone at HTB is committed to providing our clients with uninterrupted, high-quality client service in the safest environment possible as we gradually begin to transition back to the office. My wish is for you all to remain safe and healthy as we personally and professionally try to adapt our lives and businesses during these challenging times.
As it stands today,  we are open with our staff gradually phasing back into the office. HTB continues to offer the exact same services; however, to respect social distancing, meetings will continue to be conducted via video/audio conferencing so that we may continue to serve you. In the past few weeks our Partners and staff have responded to these significant adjustments in exactly the way we expected – with hard work and empathy for one another, and with fortitude and resilience. This has made our conversion to a remote work environment something we accomplished quickly and seamlessly.

The COVID-19 emergency is creating unprecedented challenges for many businesses, and navigating the impact of legislative changes and regulatory relief measures often requires a different level of support. 

You may have questions or concerns about the markets and how recent volatility is affecting progress toward your business goals. Our Partners and staff are here to listen and provide perspective to help you and your business through this time of uncertainty. For most companies, as well as individuals, properly managing cashflow is a significant challenge, and we remain available to advise you.
Additionally, we have created a special section on our website, COVID 19 Resources For Businesses, to stay abreast of the latest updates/changes to legislation in reaction to the COVID-19 pandemic. These articles provide guidance on this ever-changing situation. We will continue to closely monitor the situation, and keep you updated on any changes impacting you and your business. You can also follow these updates via our Linkedin or Facebook pages. As always, we are eager to work with you throughout this process and stand ready to help.
We are mindful of the growing number of people who are impacted directly by the Coronavirus. Our sincerest hope is that you  remain safe and healthy. As always, we thank you for your trust as we work through this most challenging period.


Monica L. Zumo, CPA, CGMA
Managing Partner
Happy Graduation!
Graduation looks a little different this year for our staff and their loved ones, but we still want to make sure they enjoy this very special milestone in their journey. Join us in congratulating all of our 2020 HTB College Graduates!

                              Breanne Choate
                                   Tax Intern
       Graduating from Southeastern Louisiana University

                          Madison Schmitt
                                Tax Intern
          Graduating from Louisiana State University
Covid-19 Resources For Businesses
HTB is gradually phasing back to into the office with respect to the guidance issued by state and local officials. We have adjusted our business to accommodate you during this time.

Client Meetings. Client meetings will continue to be conducted via phone, or web conferencing. Please don’t hesitate to reach out to your HTB representative for guidance and resources to help your business through this unprecedented time. 

Important Documents. You may upload any documents, view invoices, or connect with your HTB representative through our client portal, located here. You may also mail or overnight documents to our office. 

COVID-19 Resources for Businesses. You can stay abreast of the latest changes in filing deadlines and other legislation here. This is a rapidly evolving situation, and one that we are actively monitoring. We are ready to adjust as things progress, and we’ll keep you up to date throughout.

Invoices and Payments. You may continue to make payments on invoices via phone, mail or through the payment portal on our website. Our payment portal can be found here.

Payroll Protection Program – Loan Forgiveness

As part of the Nation’s response to the economic impacts of COVID-19, the Payroll Protection Program (PPP) was enacted as part of the CARES Act, which provided $350 billion in loans to assist businesses with payroll, rent, interest, and utilities payments. If used for eligible payroll costs and other expenses, the loans can be completely forgiven. Read more about loan forgiveness here

By: Bradley J. Tate, JD, LLM, Senior Manager
Advisory Minute – Survive, Pivot – Adapt , Thrive

By: Robert C. Varnau, CPA, CGMA, JD, Senior Manager

To effectively navigate this difficult crisis, business leaders need to adapt rapidly to current market conditions.   Being in an aggressive position as the market slowly returns in some areas and rapidly returns in others and being ready with improved capabilities, clear strategies, and a stable business to meet emerging market needs will allow your business to thrive going forward. Read more here.

Copyright © 2020 Hannis T. Bourgeois, LLP

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Disclaimer of liability: Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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