Posts Tagged ‘COVID-19’
Cares Act Education Benefits
If an educational fringe benefit would help you attract or retain employees, then you will be interested in a little-known section of the CARES Act. It allows an employer to pay and deduct up to $5,250 of an employee’s higher education student loan debt – both principal and interest, if paid by December 31, 2020. The benefit is not taxable to the employee.Read More
The Cares Act Cash Windfall you Missed!
Did you know the US government will pay the first 6-months of payments on commercial loans from 300k to five million dollars, should it meets specific guidelines and closes before Sept 27th, 2020. The best part – you don’t have to pay them back! The opportunity is separate from the Paycheck Protection Program loan or…Read More
Three Options to Stimulus Loan Forgiveness
We are entering the second month of the shutdown. Many of our clients have received their PPP loan funds, no doubt, with a sigh of relief. With money in hand, attention is turning to forgiveness. The percentage of funds used for payroll costs is key to ensuring forgiveness takes place.Read More
UPDATED: 3 Keys to Understanding, SBA, EIDL, and PPP Stimulus
For-Profit Businesses with under 500 team members CARES Act reduces concern about having to furlough employees.SBA advance loan application is simplified, with no forms to submit.Payroll Protection Program loan application process launching this week Key 1 – SBA Economic Injury Disaster Loan (EIDL Advance Loan/Grant) Should I Apply for the SBA up to $10,000 Loan…Read More
Three Decision to Make Now for When Doors Open Again!
We want you to know that we are open and working either in the office or remotely. We are, however, taking precautions to protect the well being of our team members and clients. We are committed to putting you in the best financial position possible through proactive tax, consulting, and accounting regardless of the outside…Read More
Master Cashflow in a Crisis
Be prepared DrillDown Solution Cashflow in a crisis Heather Porter: Our mission and our goal are that you will walk away with at least one action item but, hopefully, a lot more, you can take care of in your practice. Stephen Nance: I know you’re in a crisis. We all are. the dental industry has…Read More