by Jonathan Bill | Jun 17, 2020 | Biz Taxes, COVID-19, Small Business
Last week, the SBA released a revised Paycheck Protection Program (PPP) loan forgiveness application and a new EZ application. These new applications reflect the changes that were made to the PPP by the Paycheck Protection Flexibility Act of 2020, which passed on June...
by Jonathan Bill | Jun 4, 2020 | Biz Taxes, COVID-19, Small Business
There’s good news if you took out a Paycheck Protection Program loan. The Paycheck Protection Program Flexibility Act — recently passed by the House & Senate and expected to be signed by President Trump — gives business owners more flexibility to use loan money...
by Jonathan Bill | May 27, 2020 | Biz Taxes, COVID-19
On May 15, the SBA released its Payroll Protection Program Forgiveness Application. The Paycheck Protection Program is the forgivable loan program that allows small businesses to cover up to eight weeks of payroll costs, mortgage interest, rent and utilities. The loan...
by Jonathan Bill | May 27, 2020 | Biz Taxes, COVID-19
On May 15, the SBA released its Payroll Protection Program Forgiveness Application. The Paycheck Protection Program is the forgivable loan program that allows small businesses to cover up to eight weeks of payroll costs, mortgage interest, rent and utilities. The loan...
by Jonathan Bill | May 20, 2020 | Biz Taxes, COVID-19
The IRS has announced three new tax credits available to employers affected by the COVID-19 crisis. You may qualify for one or more of them: Employee Retention Credit This refundable tax credit is designed to keep employees on your payroll. It provides a credit of 50%...
by Jonathan Bill | Apr 13, 2020 | Biz Taxes, IRS, Tax Season
Notice #1: Additional Returns Postponed As previously announced, the IRS has provided filing and payment relief for federal income tax returns and payments due April 15, 2020. Last week, additional automatic (no application required) tax-filing and payment-deadline...
