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Apr 18, 20202 min read
Your SBA Money Is Still On Its Way
Unless you’ve been under a rock, you’ve heard about Thursday’s SBA announcement that they stopped taking ^lender applications^ for the...
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Apr 17, 20204 min read
The Forgivable PPP Loan for Schedule C Owners and Partnerships
The SBA issued an ‘interim final rule’ which requires a sole proprietor business or independent contractor (Schedule C filer) to use the...
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Apr 15, 20204 min read
Is the Employee Retention Credit or the PPP better for your business?
Many businesses with employees other than the shareholder will be eligible for the Employee Retention Credit [ERC] of up to $5000 per...
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Records In Order
Apr 15, 20204 min read
Tax credits to pay for COVID paid leave requirements
This post is a reminder of your COVID paid leave requirements for retained employees. I will also explain how you get the tax credit to...
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Apr 14, 20202 min read
The PPP or the Credit for Employer Federal Payroll Taxes?
From my posts, you know a lot about the PPP (Paycheck Protection Program) and the COVID paid leave requirement for retained employees....
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Apr 12, 20204 min read
Using Unemployment Benefits and the PPP to Re-Build Business
Shareholder-employees have paid into the unemployment system, both in their State and with the Feds. Under recent Federal legislation,...
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Apr 11, 20202 min read
$10,000 Disaster Funds Are Yours to Keep
I’d like to repeat what I have recommended several times: Every business should be applying for both forms of federal assistance, the PPP...
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Apr 10, 20202 min read
NEW INFO!! Attention: Medicare FFS health care providers
As part of the CARES act, 2019 Medicare FFS health care providers are receiving part of the $100 billion cash infusion into the...
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Apr 10, 20201 min read
An April 9 Update on Economic Stimulus for Business
A reminder of my recommendations: Make a re-build financial plan. Re-visit it often ** Apply for the PPP loan -- see info below*** ....
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Records In Order
Apr 10, 20201 min read
An Update on Economic Stimulus Information
I wanted to check in to update you with the most recent information, as a follow up to my April 2nd post below. Recently, I provide you...
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Apr 5, 20202 min read
Loan Application assistance from my office
Yesterday was the first day to apply for the Paycheck Protection Program [PPP] forgivable loan based on payroll paid in earlier periods....
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Apr 5, 20202 min read
Q&A: The PPP Loan (Loan Application assistance from my office)
Q & A: Question: have you heard any details on if the PPP grant component of the loan is available if your employees are on unemployment...
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Apr 4, 20201 min read
Expansion of Medicare Advance Payment
In order to increase cash flow to providers of services and suppliers impacted by the 2019 Novel Coronavirus (COVID-19) pandemic, the...
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Apr 4, 20203 min read
The Payroll Protection Package [The PPP]
We have new information overnight, some clarifications, and still several unknowns. I will pass on here what we currently know: Again,...
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Apr 4, 20205 min read
The Payroll Protection Package, Sales Tax, Other Business Helps
These are your options. Let’s review them, adding changes and new information the Feds and State have just released. Unemployment Or...
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Apr 3, 20201 min read
Federal Assistance Programs for Small Business
The Small Business Owner’s Guide to the CARES Act The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security...
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Apr 3, 20201 min read
SBA Disaster Relief Loan is Another Option
Previously, we detailed as much as we know about the Stimulus Bill “Forgivable Loan” for businesses. There is also a pre-existing Small...
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Apr 3, 20205 min read
Disaster Loans, and Employee Scenarios
Here’s where we are and what we know from Feds, State, the SBA, and banks about disaster loan money, the Forgivable loan, and answers to...
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Apr 3, 20201 min read
The Coronavirus Aid, Relief and Economic Security Act for Small Businesses [chart]
Here’s a nifty chart that breaks down the Paycheck Protection Program just legislated and the pre-existing. Disaster Loan [EIDL] program...
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Records In Order
Mar 30, 20203 min read
What All Businesses Should Be Doing
To my esteemed clients: My recommendation of what you should do right now 1. Cut unnecessary business expenses and charges for services...
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