Many business owners were nervous about taking the PPP loan because it was unclear if you could demonstrate the need for a loan if you had reserves to get through the crisis without it. The SBA has now made it … Read More
14
May, 2020
5
May, 2020
Loan Forgiveness under PPP Loan Provisions
Well, you probably saw this coming…
Turns out … if you received a PPP loan, the expenses you pay from the proceeds of this (forgivable) loan … are not deductible.
Ouch.
The IRS just released new guidance to this … Read More
28
Apr, 2020
Be Mindful of Scammers…
Anytime (like now) that there is a rollout of government assistance, you can count on two things:
1) Bumps in the road (it’s difficult managing help for millions of people)
2) SCAMS
None of my clients have been victims of … Read More
2
Apr, 2020
Understanding the Paycheck Protection Provision Loan Program
Yes, the CARES Act for the Paycheck Protection Program was passed last Friday. It’s 800 pages and the banks are still feeling their way around to determine how to process these new loans. The complete guidelines have not been developed … Read More
18
Mar, 2020
Tax Filing Deadline Delayed
UPDATE 3/20/20: Treasury Secretary Mnuchin announced today that the IRS WILL EXTEND the tax filing deadline for 2019 tax returns. Since most tax returns are filed online, he said that the deadline will be moved to July 15, 2020.
While
5
Mar, 2020
Financial Matters of the Heart
Tax time can remind us of our choices over the course of the entire previous year. We see how easy it is to pull the trigger on more expensive choices because we convince ourselves that "we deserve it." Rather than
20
Feb, 2020
Celebrating 40 Years of Service
In 1980, there were still a lot of stereotypes and limitations surrounding women professionals. The glass ceiling had yet to be touched, much less broken, and many young women struggled to find their way in a workforce that was dominated
4
Feb, 2020
3 Tips for 2020 Tax Returns
Yes, 2020 is in full swing and tax season is upon us. There are some additional revisions to 2020 tax returns that are worth talking about. Here are 3 tips to ensure you're on the right track!
TIP #1: The
8
Jan, 2020
5 Tax Tips For 2020 Tax Season
2018 and 2019 were big years for tax changes. The Tax Cuts and Jobs Act had major implications for individuals and businesses. In 2020, overall, we will see much less change but it’s important to ensure you’re taking advantage of … Read More
18
Dec, 2019
Is Your Quickbooks DCAA Compliant?
If you're a government contractor, you know all about DCAA compliance, right? Or, perhaps you have just recently won a government contract and wondering, "Is your Quickbooks DCAA compliant?"
What is DCAA Compliance?
When you enter the world of
