It’s going to take us many weeks to digest everything in the Coronavirus Relief & Omnibus Agreement that the President signed Sunday night. PPP Round 2 is upon us!
PPP Loans for 1st time borrowers:
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You might have seen some rumors on this already, but I wanted to help make everything clear for you…
A few weeks back I told you that there were some tax professional rumors circulating about “automatic forgiveness” for PPP loans… Read More
You may have already heard about the multi-billion-dollar legal settlement if you accepted credit cards from 2004-2019.
Here’s the warning: you do NOT need a lawyer to claim your part of this settlement. But there are lawyers now advertising to … Read More
Cash flow has always been the lifeblood of any business. With COVID cases raging in some states and creeping upwards in our region, it is clear the pandemic will be with us for the foreseeable future. Whether your business remains … Read More
The IRS has clarified that if your loan money is forgiven, it won’t be considered taxable income. BUT, nor will it be eligible for tax deductions, even though you likely used it for expenses that normally would be … Read More
While the deadline gives everyone some breathing room, there are several different permutations that will be calculated to determine the best way for you to file for forgiveness. And there will be a flood of applicants at the end of … Read More
As a small business owner, you may not feel you can justify the expense of a full time CFO. But there are times you absolutely need someone with a trained financial mind to help you make big decisions, plan for … Read More
When the latest PPP legislation passed last week, it eased a number of restrictions, making far easier for businesses to qualify for loan forgiveness. While the 75% requirement for payroll had been reduced to 60%, the original wording implied that
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GREAT news if you have a PPP loan or are still considering applying for one.
Congress moved quickly this week, and the president JUST signed it into law. We share the highlights of the new legislation below.
Please contact us … Read More