Business Management Archives

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

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

Business Meals That Are Fully Deductible?

Source: https://proconnect.intuit.com/taxprocenter/tax-law-and-news/business-meals-that-are-fully-deductible-yes-they-do-exist/#:~:text=Meal%20expenses%20by%20an%20employee,always%20only%2050%20percent%20deductible. Credit: Jackie Meyer, CPA, CTC Dining out on business is nothing new, but accounting for it properly on your taxes can be a

September 8, 2020 No Comments

Warren Buffett loves teaching this ’20-slot’ rule at business schools—and it’s not just about getting rich

Every once in a while, legendary businessman Warren Buffett dishes out a few morsels of advice to illustrate the core investment — and life — principles that helped him achieve success. In

May 28, 2020 No Comments

Adding access code to Docusign document for added security

From https://support.docusign.com/en/guides/ndse-user-guide-access-code Access Codes for Recipients Adding an access code for your recipients adds an extra level of security to your documents. You add a

May 5, 2020 No Comments

How the Coronavirus Aid, Relief, and Economic Security (CARES) Act affects your payroll by Intuit QuickBooks

This article can be found: https://quickbooks.intuit.com/learn-support/en-us/help-articles/how-the-coronavirus-aid-relief-and-economic-security-cares-act/00/541573 Learn about the Employee Retention Credit and deferral of the employer share of Social Security taxes for 2020, as

April 30, 2020 No Comments

Federal Reserves deletes rule that limits 6 transfers from savings accounts per month

The Federal Reserve Board on Friday announced an interim final rule to amend Regulation D (Reserve Requirements of Depository Institutions) to delete the six-per-month limit

April 28, 2020 No Comments

New SBA PPP Loan Guidance for Sole-proprietorships and Partnerships

New SBA PPP Loan guidance for sole-proprietorship and partnerships was issued late on 4/14/20. The 2019 Sch C is required for determining the amount of

April 15, 2020 No Comments

SBA EIDL $10,000 advance may now be limited to $1,000 per employee to begin funding this week

SBA EIDL $10,000 advance may now be limited to $1,000 per employee to begin funding this week. https://www.inc.com/kevin-j-ryan/small-business-loans-eidl-advance-limitations.html https://twitter.com/bjones716buf/status/1247355373218074629?s=20

April 9, 2020 No Comments

US Treasury Guidance for Payroll Protection Loan

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses.

April 5, 2020 No Comments

Tax Credits for Paid Sick and Family and Medical Leave under FFCRA

The purpose of these credits serve to help employers pay for the provisions of the Family First Coronavirus Recovery Act (FFCRA) for paid leave. We are

April 1, 2020 No Comments

Category: Business Management