What’s Next Now that the Paycheck Protection Program Funds Are Exhausted?
You have probably seen on the news that the funds for the Paycheck Protection Program loan program have been exhausted. What does that mean for you? If you’ve already applied but have not heard back from your lender, hold tight. You may still have been approved and...What to Know about Employee Compensation with the Paycheck Protection Program Loan Forgiveness
One of the appealing features of the Paycheck Protection Program is that the loans from the program can be forgiven if certain requirements are followed. As discussed earlier, those requirements include maintaining the same number of full-time equivalent employees in...Yippee!! I Received the Paycheck Protection Program Funds. Now what? Think Before You Spend!
Your Paycheck Protection Program loan funds are finally here. Think before you spend them! Remember: to get a portion or all of the loan forgiven, you’ll have to prove that the funds went to approved expenses. Also remember: even weeks of self-quarantine with...Waiting for the Paycheck Protection Program Check to Arrive? 10 Ideas for Keeping Your Employees Working During COVID-19
Before you received your Paycheck Protection Program loan or any other loan, you might have had to lay off some or all your employees. Well, now is the time to get them ready to come back! But you may think your business is not conducive to remote work. Hair...Paycheck Protection Program Loan Forgiveness and Laying Off Employees: Five Things You Need to Know
The Paycheck Protection Program is designed to protect paychecks and keep people employed in a time when government-mandated restrictions have closed businesses or drastically reduced a business’s income. The act requires borrowers to maintain a certain number...Sole Proprietors and Independent Contractors Can Apply for Paycheck Protection Program Funds Today
Beginning today, April 10, 2020, Sole Proprietors and Independent Contractors can apply for Paycheck Protection Program funds. Here’s what you need to know: You can apply for 2.5 times your average monthly payroll costs. Payroll costs for sole proprietors and...5 Things to Know After Your Approval for Payroll Protection Program Funds
T New regulations came out yesterday, which have provided some more guidance. 1. The first disbursement should be received no later than 10 days after you’ve been approved. 2. You have eight weeks to use the funds for eligible...COVID-19 Tax Scams
The IRS has issued a notice urging taxpayers to watch their tails and be ready to sniff out tax scams should they be the target. Amidst the chaos our humans are going through during the Corona Virus (Also known as COVID-19) pandemic that’s hitting our two-legged...Taxes and COVID-19
In light of the nationally declared pandemic, also known as the Corona Virus or COVID-19, taxpayers are eager to find out if the IRS will halt services, audits, and change the deadline of the standard April 15th deadline for filing taxes for 2019. While there have...Thanks For Visiting
Thanks for visiting our website! Christy and Toby look forward to speaking with you soon about your tax matters.