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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...

FAQs: What in the Hell is a Full-Time Equivalency Employee? Webinar

by Christy Lee | May 6, 2020 | Cracking the Tax Code with Christy

Today in her webinar, “FAQ: What in the Hell is a Full-Time Equivalency Employee?”, Christy Lee, the Business Tax Ninja, taught some killer moves that’ll come in handy when you need to calculate the numbers of your FTEs. If you want to find out...

PPP Recipients: Get Your Books Ready for an Audit!

by Christy Lee | May 1, 2020 | Cracking the Tax Code with Christy

Listen up all recipients of Paycheck Protection Program loans.  Did you think the government was going to forgive a loan and let that be that?  Not a chance!  This is especially true after it came to light that large companies with adequate cash...
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