Whether you have applied or are applying now, here are the 7 things you should know about the PPP loans since the recent PPP Flexibility Act. SBA: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program FAQ From the Treasury & SBA (May 27th 2020): https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf Forgiveness Calculator (OUT NOW!): https://future.aicpa.org/resources/download/ppp-loan-forgiveness-calculator-excel
This section of the tax organizer is about foreign assets (held in another country) and business income (which goes on your personal tax return). We talk about what qualifies as a foreign asset, who needs to fill out the business income pages, expenses, cost of goods sold, and using your…
Tax season is here, which means it is time to gather those tax documents! This can be a confusing process, but we are here to show you that the tax organizer can be used as more of a guide than a strict list of forms. Stay Tuned for Part Two!
During the unprecedented event of COVID-19, it is important to stay up to date with the latest news from The US Chamber of Commerce, The US Small Business Administration, your bank’s policies, and your trusted accountants.