The second round of the Paycheck Protection Program (PPP) rolls out today! Federal officials say they’ve worked out the issues that plagued the first round from earlier this year. Speaking of which, that first-round of the PPP helped over 55,000 small businesses stay afloat. Undoubtedly this next round will do the same for many others.…
Second Round of PPP Starts Today! Read More »
As stimulus checks find their way to American bank accounts, the IRS is asking that you don’t call them or your bank. Instead, it’s recommended you visit the IRS.gov website. The IRS said: “IRS phone assisters do not have additional information beyond what’s available on IRS.gov.” So, if you didn’t get your check yet, don’t worry. The
When to Expect Your Second Stimulus Check Read More »
The long-awaited stimulus package is finally here! But instead of having you read over 5,000 pages that make up this bill, we thought we’d share the highlights for small business owners. Two Provisions You Need to Know About There has long been a debate in Congress about deducting expenses paid with Paycheck Protection Program (PPP) funds.
What Small Business Owners Need to Know About the New Stimulus Package Read More »
After nine months of negotiations failing to produce a second Coronavirus relief package, Congressional leaders have finally reached a deal. Senate Majority Leader, Mitch McConnell (R), praised the long-awaited “bipartisan breakthrough,” saying the bill’s text must be finalized and, barring any “last-minute obstacles,” pass the House and Senate before President Trump can sign it into
Congress Finally Agrees On $900B Stimulus Package Read More »
Three days away. Friday, Dec. 18, is the day congress votes on two stimulus packages totaling $908 billion. Friday is also the deadline for funding an extension to avoid a federal government shutdown. Congress is now down to the wire to make something happen for Americans still struggling during the COVID-19 pandemic. Breaking Down the
Stimulus Checks Missing From Upcoming Relief Package Vote Read More »
It’s hard enough to run a small business, let alone doing so during a global pandemic. The response to help businesses came in many ways. From a renewed appreciation by communities who now shop locally more than ever to help on the federal level. New ACTS and forgivable loans, aimed at helping small businesses and
How COVID-19 is Changing Payroll Read More »
Washington is close to agreeing on a desperately needed federal relief package. However, any relief package aimed at this goal is likely not to include stimulus checks. Some Democrats threatened Friday to oppose the legislation, arguing it’s “wrong morally” not to provide $1,200 payments to working-class families at a time when hunger in America is exploding. “The
Are Stimulus Checks Delaying a 2nd Federal Relief Package? Read More »
The economy set a record-breaking rebound in the third quarter — but there’s still a long way to go before a full recovery is made. America’s GDP (gross domestic product) — the value of all goods and services produced — grew by approximately 7.4% from July to September. This indicates that consumers and businesses had
GDP Jumps to Record-Setting 7.4% in Third Quarter Read More »
House Speaker Nancy Pelosi issued a 48-hour deadline to strike a deal on a COVID-19 relief package if federal aid is expected to reach Americans before Election Day. Pelosi stated she and the White House are at an “impasse” over a bipartisan deal that’s expected to send $1,200 checks to most Americans. “We don’t have
Tick Tock! 48 Hour Deadline Given to Strike a Stimulus Deal Read More »
Business owners who borrowed $50,000 or less through the Small Business Administration’s loan program can get the up to that amount forgiven. Though they must file the appropriate paperwork. However, accountants urging business owners not to jump at the opportunity to have their debt forgiven. This is likely because the Small Business Administration (SBA) may
Up to $50K Forgiven on Loans for Small Biz Owners Read More »
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