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PPP Loan Forgiveness Application

The SBA released the PPP Loan Forgiveness Application late Friday. If you have been following along with my updates, there are no real surprises.   There are a few clarifications I want to make for you: What is a “Covered Period?” Until now the Covered Period for payroll costs was to begin on the day loan …

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What’s In It For Me?

Let’s be honest, we are a self-centered bunch! Here is a cold hard fact that you should learn sooner rather than later.  Your clients aren’t buying what you do. They are only interested in the end result. When scrolling through the numerous choices for junk removal (or anything else) listed online they may be thinking …

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Things to consider when reopening your business

Mine is not to say you should.  It is to ask should you. There is a lot of controversy over the guidelines for reopening American businesses. Only you can decide whether or not to follow them. It is my job to give you all the information you need to make an informed choice.  #unitedwestandtogetherwerise #bettertogether …

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What You Need to Know About the Economic Impact Stimulus Check Coming Your Way

The IRS began depositing coronavirus stimulus relief checks this week but many still have questions about the payments. Here’s what you need to know. How much will I receive? Individuals reporting a gross adjusted income up to $75,000 a year will be eligible to receive a $1,200 check. Check amounts decline for reported incomes over …

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Tax Incentives in the CARES Act as I Understand Them

Everybody is talking about the Loans available to small business owners for disaster relief.  I want to make sure that you are also aware of the several tax incentives for employers through the payroll tax system. The CARES Act included the following tax provisions: Employee retention credit: A $5,000 refundable payroll tax credit for certain employers …

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A Guide to the CARES Act As I Understand It

I preface this article with the ascertain that I am not an expert.  At this point there aren’t any; not even the people putting the process together.  HR 748  aka the CARES Act was signed Friday and the powers that be are still writing, planning, and deciding the specifics.  Keeping that in mind, I have …

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