Blog

At the end of last week, the House approved the Senate's action of extending the PPP loan availability for 5 more weeks, and the President signed it shortly thereafter.This means that approximately $129 billion in remaining PPP funds can be tapped by  businesses...

Scattershotting around the world of SBA loans and taxes here before the huge deadlines looming on July 15th.(As a reminder: 2019 personal tax returns and payments, first AND second quarter 2020 estimated tax payments are ALL due on Wednesday, July 15th.)You must work...

How are you and your business hanging in there these days? Check with your accounting pro, for guidance on the re-opening best practices. They might have some ideas for you that could help, depending on your stage of re-opening, your revenue, etc.Some of our...

The nation keeps roiling, and life for many of your customers might take longer than anticipated to get back to "normal".For some, they might not actually want to get back to whatever that "normal" was before all of this. Some of this change might be healthy.But for...

Just when we thought that the business-related news might slow down for business owners...Not only are unemployment numbers improving (much to the surprise and delight of the stock markets), but ...Congress passed, and the President has signed a bill that affords...

2020 has been ... something.Maybe, if we're all fortunate, the SpaceX launch will be the best thing to come out of this season.Because there is simply pain all around right now. I said this in another place, but it's overwhelming, as someone who has to communicate to...

...don't navigate this season alone.The more we learn about the nuances of PPP forgiveness, EIDL regulations, the Employee Retention credit (an alternative, payroll-tax-specific way to save cash for your business) ... well, the more that we discover that much is still...

Are you tired of talking and thinking about the PPP? Because I'm tired of talking and thinking about the PPP.That said -- this program has been a lifesaver for a variety of my clients, and it has provided a great shot in the arm for others.And, well ... we finally...

There has been a lot of recent chatter about the PPP money, who got it, who didn't, and even if some companies should pay it back.Well, I have some thoughts on this for you today, but ultimately, you will have to be the one who makes this decision.It's an easy...

Well, if you were wise, you probably saw this coming.Turns out ... if you received a PPP loan, that the expenses you pay from the proceeds of this (forgivable) loan ... are not deductible for businesses.Ouch.The IRS just released new guidance to this end (which is...

The second round of PPP funding began this Monday at 9:30AM Eastern.This funding was $322B (as opposed to the first at around $349B). The first round of $349B funded 1.6MM businesses.As for those who were waiting on that first round, the SBA hasn't shared recent...

I promise that one day I'll write to you and my readers about matters other than government aid, the CARES Act, PPP/EIDL, and whatnot.But as we all keep saying: these are extraordinary times. Pick your cliche -- it all fits right now.But here is a piece of semi-urgent...