Recent News

Has the paperwork been keeping you from filing for a Paycheck Protection Program loan?   Are you hesitant to apply for a second draw loan based on your experience with the forgiveness application the first go around, even though a second loan would help you stay...

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...

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...

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 worker. That's...

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 fewer...

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...

The government continues to release additional regulations about the Paycheck Protection Program, including how to apply for forgiveness, and what expenses qualify for forgiveness.  In the most recent revisions to the regulation, we received answers to two of the...

Last week President Trump signed the Paycheck Protection Program Flexibility Act which brought significant changes to the Paycheck Protection Program, including extending the time period allowed for businesses to spend the proceeds.  Many of these changes have been...

Still hitting store after store in the Great COVID Hunt for Toilet Paper?  Don’t get frustrated.  Just substitute your PPP forgiveness application for those highly prized, soft-as-cloud white rolls. Why?  The answer’s simple:  On Monday, June 8, the Trump...