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PPP2 Payroll Protection Second Draw Overview

Source: https://home.treasury.gov/system/files/136/Top-line-Overview-of-Second-Draw-PPP.pdfSource: https://home.treasury.gov/policy-issues/cares/assistance-for-small-businessesSource: https://www.sba.gov/document/sba-form-2483-sd-ppp-second-draw-borrower-application-form PAYCHECK PROTECTION PROGRAM SECOND DRAW LOANSThe Paycheck Protection Program (PPP) now allows certain eligible borrowers that previously received a PPP loan

January 13, 2021 No Comments

New PPP guidance issued by SBA, Treasury – Payroll Protection Program round 2

The U.S. Small Business Administration (SBA) and Treasury issued guidance late Wednesday night for the reconstituted Paycheck Protection Program (PPP). The guidance came in the

January 7, 2021 No Comments

Possible PPP expenses deductibility, PPP round 2, and more qualifying for Employee Retention Credits

Congress has passed the Stimulus Bills and is waiting for President Trump to sign it into law. We’re hearing that this contains these provisions for

December 23, 2020 No Comments

2021 Retirement Plan Contribution Limits

401(k) Employee deferral remains at $19,500. 401(k) Catch-up (age 50 yrs and older) remains at $6,500.401(k) max limit employee + employer (age 49 and younger)

December 16, 2020 No Comments

2021 FICA tax rates and wage limits (wage base)

Social Security Rate: 6.2%. Maximum taxable earnings: $142,800 Rate is the same as 2020. Taxable earnings increased from $137,700 in 2020) Medicare Rate: 1.45%. Max

December 16, 2020 No Comments

South Dakota Minimum Wage increase effective 1/1/21

Effective January 1, 2021, South Dakota’s minimum wage will increase to $9.45 per hour. The minimum base wage for tipped employees will increase to $4.73

December 16, 2020 No Comments

QuickBooks reinstall links

If you need to reinstall QuickBooks Pro, Premier, or Enterprise and need the file, you can download it from here: https://quickbooks.intuit.com/learn-support/en-us/install/reinstall-quickbooks-desktop-to-a-different-computer/00/621507 https://downloads.quickbooks.com/app/qbdt/products

December 7, 2020 No Comments

View your paychecks and W-2s in QuickBooks Workforce

Learn how to see your paychecks, W-2s, and personal info in Workforce. Once your employer has invited you to QuickBooks Workforce and you’ve set up your account,

December 3, 2020 No Comments

Some States May Tax Forgiven PPP Loan Proceeds

Source: https://advocacy.sba.gov/2020/11/03/some-states-may-tax-forgiven-ppp-loan-proceeds/?fbclid=IwAR1UeYyOmOjvXLEbfbIbuzT21u35Ep4kTkI_f7lQk-Ss9tAGzXpVFpuqzEo By Charles Jeane, Assistant Chief Counsel ‘Tis better to have a loan and be taxed than to never have had the loan at

December 2, 2020 No Comments

Archive

PPP2 Payroll Protection Second Draw Overview

New PPP guidance issued by SBA, Treasury – Payroll Protection Program round 2

Possible PPP expenses deductibility, PPP round 2, and more qualifying for Employee Retention Credits

2021 Retirement Plan Contribution Limits

2021 FICA tax rates and wage limits (wage base)

South Dakota Minimum Wage increase effective 1/1/21

QuickBooks reinstall links

View your paychecks and W-2s in QuickBooks Workforce

Some States May Tax Forgiven PPP Loan Proceeds

How to get printers to ping by hostname

SBA PPP Loan forgiveness got easier for loans of $50,000 or less

Problem with matching deposits to invoices in QBO QuickBooks Online

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