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What happens if I can’t pay my taxes by the deadline?

by Christy Lee | Jul 13, 2020 | Cracking the Tax Code with Christy

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...

Still More Changes to the Paycheck Protection Program Forgiveness Application

by Christy Lee | Jun 23, 2020 | Cracking the Tax Code with Christy

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...

Changes in the Paycheck Protection Program

by Christy Lee | Jun 11, 2020 | Cracking the Tax Code with Christy

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...

PPP: New Forgiveness Guidelines to Be “Promptly” Issued

by Christy Lee | Jun 9, 2020 | Cracking the Tax Code with Christy

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...

Paycheck Protection Program Forgiveness Latest Updates

by Christy Lee | May 13, 2020 | Cracking the Tax Code with Christy

Somehow this spring has been both the longest and shortest season ever.  Congress passed the CARES Act in March, but that was not the end of the story.  Several times a week the Small Business Administration issues more guidance regarding the Paycheck Protection...

How to Pay Rent with PPP Funds

by Christy Lee | May 12, 2020 | Cracking the Tax Code with Christy

Confused over the details of how to use your PPP funds? The Business Tax Ninja is going to release a series of short videos that will answer your questions and help guide you toward loan compliance and (hopefully) loan forgiveness. The first video of the series is...
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