New Paycheck Protection Program Developments in the Next Stimulus Bill Many of our clients have been asking about the Paycheck Protection Program loans and the tax effects of forgiveness and deductibility of related expenses. This has been a point of great...
Paycheck Protection Program Loan Forgiveness In the six months since the PPP was created, the only certainty about the program has been uncertainty. The PPP came into being due to the economic uncertainty which shut down much of the US economy. So far, the...
Dear Friend, IRS Problems are a very personal type of problem and people often do not know where to turn for help. IRS Problems generally affects all aspects of your life. Many people just live with the problem for months and sometimes years, assuming that nothing can...
The Executive Order for Payroll Tax Deferral The Executive Memorandum signed by the President August 8, 2020, providing for the deferment of some payroll taxes. This was followed by Internal Revenue Service Notice 2020-65 which offered some clarity on provisions of...
Testimonial from Actual Client Nathan worked as a self- employed independent construction contractor. He had not filed or paid his quarterly estimates for several years. He knew he would owe money, but he was fearful of the IRS and what they would do to him...
You’ve Received a PPP Loan, Now What? By now most of you have received PPP loans and many of you have spent the PPP money. Now it is time to start planning and working on the loan-forgiveness application process and procedure. This newsletter will give...
PPP2 Funding is Ready and Open for Business
