by Michael Bryant | Jul 31, 2020 | Uncategorized
Approximately $130 Billion in PPP Funding is still available and the application period is set to expire August 8, 2020. PPP loans are an SBA loan created by The CARES Act. Small businesses may receive a loan of 2.5 times average monthly payroll. Self-employed...
by Michael Bryant | Jul 31, 2020 | Blog
Millions of small businesses received loans under the Small Business Administration (SBA) Paycheck Protection Program (PPP loans), and questions are being raised on how to account for the funds. In June 2020, the American Institute of Certified Public Accountants...
by Michael Chase | Jul 23, 2020 | Blog
With a potential economic downturn in the wings due to COVID-19, being debt-free is a worthwhile goal. Unfortunately, between mortgages, car loans, credit cards, and student loans, this is unrealistic for most people – especially those of pre-retirement age....
by Michael Chase | Jul 23, 2020 | Blog
According to the Treasury Department, more than 159 million individuals have already received their Economic Impact Payments; however, a recent audit found that the IRS sent $1.4 billion in stimulus checks to deceased individuals. As such, many people may have...
by Michael Chase | Jul 23, 2020 | Blog
As a reminder, employers whose business has been financially impacted by COVID-19 can take advantage of the Employee Retention Credit, a refundable tax credit designed to encourage businesses to keep employees on their payroll. The credit is worth 50 percent of up to...
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