COVID-19 Latest Updates

  • Hi Everyone!  If you are one of our valued bookkeeping and accounting clients that we take care of throughout the year, I just wanted to remind you that we now have a secure client portal for you to use to submit your ongoing financial information...

  • Take a look at Todd’s short video about this easy tax season process, and our new emailed tax organizer, so that we are able to take great care of you VIRTUALLY this tax season! With COVID-19 concerns, all of our clients have been contacting us...

  • Here is what we know now. More details to come in the following weeks! AS OF 12/21/2020 What is in this NEW Stimulus Bill? Information from trusted sources is here NOW ready for you, our valued client! In a contiued effort to stay on top...

  • Now, more than ever, many small business owners are working from home. While Zoom meeting after Zoom meeting can start to wear thin, removing the daily commute from one’s schedule is a huge bonus afforded to those working remotely these days. For many businesses, this...

  • As of today, September 28, 2020, the amount of business PPP loans that are forgiven are taxable.  For federal purposes, PPP loan forgiveness may be excluded from gross income.  However, the IRS issued “Notice 2020-32” in April 2020 stated that the expenses directly associated with...

  • AS OF 8/7/2020 As we have stated in prior newsletters, there have been, and will continue to be, changes to the forgiveness of PPP loan calculations, and other PPP related rules. Below are a few of the major and recent changes, and more changes will...

  • Surviving business slow down, business continuation issues as well as negative IRS tax outcomes It is a good time to understand IRS tax strategies and business continuation strategies – especially while we are seeing a small business economic fallout. A handful of us in our...

  • AS OF 6/29/2020 As we have stated in prior newsletters, there have been, and will continue to be, changes to the forgiveness of PPP loan calculations, and other PPP related rules. Below are a few of the major and recent changes, and more changes will be...

  • AS OF 6/6/2020 As we have stated in prior newsletters, there have been, and will continue to be, changes to the forgiveness of PPP loan calculations, and other PPP related rules. Below are a few of the major and recent changes, and more changes will be...

  • AS OF 5/22/2020 If you are a small business owner, then you should check your local city and county for any available grants that may be available to you. Recently, in our area of Florida, Pinellas County, Hillsborough County and Pasco County have all offered...

  • AS OF 5/19/2020 We have not been sending newsletters recently on stimulus, as the Federal government has not been issuing new stimulus packages for the past two weeks. However, there have been, and will continue to be, changes to the forgiveness of PPP loan calculations, and...

  • AS OF 4/29/2020 This newsletter builds on the many prior updates that we have been sending on the small business and individual stimulus that has become available during this COVID-19 crisis. This is another update. If you missed the prior information, you are able to...

  • JUST IN!! Paycheck Protection Program Increase Act of 2020: Increases the authorization level for the Paycheck Protection Program from $349 billion to $659 billion. Increases the appropriation level for the Paycheck Protection Program from $349 billion to $670.335 billion. Increases the authorizatio

  • ANOTHER GRANT STIMULUS STARTING APRIL 20: THE U.S. CHAMBER OF COMMERCE NOW HAS A GRANT STARTING ON APRIL 20 IN CERTAIN US LOCATIONS: Check out this initiative of the U.S. Chamber of Commerce Foundation called the “Save Small Business Fund”. It is a grantmaking initiative...

  • There has been a lot of changes and updates to all of the different stimulus opportunities in the past few days. Many of the past assumptions in these previous newsletters have finally been confirmed by further SBA and US Treasury guidance. Also, there are some...

  • Like everything else this past week, information is changing rapidly. Many people are wondering how to collect unemployment in Florida as an independent contractor (NOTE: Unemployment is called Reemployment in Florida). We are also being asked how unemployment relates to the PPP Loan for independent

  • AS OF 4/2/2020: So, right now, those that own small businesses, and those that are self-employed, have these questions: What loan do I apply for, and what stimulus is best for me. Or, should I collect unemployment? What options do I choose, and how do they...

  • On April 1, 2020 your business is required to offer Sick and Family Medical Leave pay to qualifying employees.  You are required to print and display or otherwise distribute this Labor Poster to your workers to make them aware of this benefit. How to determine who is eligible for...

  • We recently sent an update titled, “The Small Businesses Guide to the CARES Act” that addressed the information you will need as a small business owner. The information in this update is focused on the individual and employee. However, if you are a business owner,...

  • Below is a link from the US Senate Committee on Small Business & Entrepreneurship titled, “The Small Business Owner’s Guide to the CARES Act.” If you are a small business or independent contractor, I highly recommend that you read it. It is one of the...

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