How does the new stimulus package affect the PPP Program?
Congress overwhelmingly passed a comprehensive COVID-19 relief bill Monday night. Of most interest to me, was how they addressed the Paycheck Protection Program. President Trump still has to sign the bill. Below are the key features of the legislation...Can I Deduct the Expenses Paid with PPP Funds?
As the end of the 2020 calendar year and PPP covered period, many clients have questions concerning whether they can deduct the business expenses that they paid with PPP funds. This topic has been in the news frequently, and many hoped Congress would draft...COVID-19 Relief
Will Trump’s recent move involving COVID relief affect your business? After Congress failed to reach a consensus about the next phase of COVID-19 relief, Trump issued an executive order, which, among other things, suspended payroll tax for the American...PPP Updates, including Appeals, Allowable Expenses, and the New Congress Proposal
Waiting for additional guidelines before asking forgiveness for your PPP loan? We’re still in the interim final rules phase, and banks are hesitant to accept applications for forgiveness just yet. The SBA guidelines from yesterday continue the trend of fewer and...What happens if I can’t pay my taxes by the deadline?
Tax returns are due Wednesday, July 15th. Unable to file your taxes by then? The Business Tax Ninja, Christy Lee, is here to explain how to file your taxes at a later date without penalties. Warning: an application extension is not the same thing as a payment...Thanks For Visiting
Thanks for visiting our website! Christy and Toby look forward to speaking with you soon about your tax matters.