We are aware your email inbox is being inundated with COVID-19 updates at an
overwhelming speed. Because of this, we are adapting our communication plan. During
this time, emails we send will provide you with 'must-know' updates.

For informative links and additional resources that are good-to-know, please visit our

To ensure that you are continually notified of updates to the information posted on our
AEM COVID-19 Resource Center, please follow us on social media or be sure to save our
resource center as a bookmark that you can return to regularly.
Coronavirus Aid, Relief and Economic Security (CARES) Act
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on Friday, March 27, 2020, by President Trump.

Attached you’ll find a summary of the CARES Act and how it could impact you.
Federal and State Filing Updates
We are constantly monitoring changes with Federal and State tax relief from COVID-19. See a summary of the updates including:

  • IRS FAQs for Filing and Payment Deadlines and Automatic Extension
  • Minnesota Department of Revenue (MNDOR) FAQs for Filing and Payment Deadlines and Automatic Extension
  • Other State Filing and Payment Deadline Updates
Which CARES Act Loan Program is Best for Your Business?
The CARES Act made many new programs and tax credits available. It can be complicated making business decisions with all of the options available. We have prepared two documents that will help you to weigh the options and make the best decision for your business. As always, if you have any questions regarding this information or would like to discuss your options in detail, please reach out to us!

Our team has created this comprehensive comparison of the Economic Injury Disaster Loan (EIDL) program and the Payroll Protection Program (PPP) including details regarding qualification requirements, maximum loan thresholds, and more.
CARES Act Decision Flowchart

Gain insight into which loan program may be best for your business as we walk you through the decision making process with this helpful flowchart.

Please note: you'll first need to ensure that you qualify for the loan programs before making a final decision.
Connect With AEM Through TaxCaddy
TaxCaddy is a system our tax team has begun implementing which allows secure sharing of documents, a user-friendly portal, and the ability for you to access your information from any device. For your convenience, TaxCaddy will retrieve your 1099s, 1098s, and W-2s automatically and securely share them with your AEM tax professional. Click 'Learn More' below to see all of the features available to you through this system and if you'd like to connect with us through TaxCaddy, please submit a contact form ( here ) to request a connection email.
Helpful Links for You
Ensure Your Data is Secure
During these challenging times, keeping your data secure is more important than ever. We at AEM do all that we can to ensure that our client's data - and our own - is secure. And there are some things that you can also be doing to avoid a breach in your data. Our Training and Technology Manager, Keith Wrage, has put together a video to discuss this important topic and what you could be doing right now to ensure the safety of your data.

Click the link below to be taken to the AEM COVID-19 Resource Center - the video can be found at the bottom of the main page.

Abdo, Eick & Meyers

Edina | 5201 Eden Ave. Ste. 250, Edina, MN 55436 | P: 952.385.9090

Mankato | 100 Warren Street Ste. 600, Mankato, MN 56001 | P: 507.625.2727
Abdo, Eick & Meyers, LLP

We are a progressive certified public accounting firm that utilizes our people and processes to assist our
clients in solving their challenges. Established in 1963 in Mankato, MN, the firm has established itself as
a mid-sized leader in the Mankato and Twin Cities accounting arena. Abdo, Eick & Meyers is ranked as
number 10 on the Minneapolis/St. Paul Business Journal's "Top 25 Accounting Firms" in Minnesota.
Copyright 2020. All Rights Reserved.
Abdo, EIck & Meyers, LLP | www.aemcpas.com