Simplifying the ERC Confusion
Retroactive Stuff – Going Back to 2020: Recent legislation (Dec 2020, and March 2021) revised the rules for 2020. You now qualify if you...
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Records In Order
Apr 21, 20212 min
Individual Stimulus Payments Recap; 2020 Required Reporting
There are now 3 separate legislations providing a Stimulus payment to individuals. See below recap. In addition, individual taxpayers...
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Records In Order
Apr 9, 20212 min
2021 Tax Estimates are DUE April 15 & June 15: 2020 tax postponed to May 17
Mini-extension for 2020 individual returns: Surely you know that the State and Feds extended the individual tax filing date to May 17 –...
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Records In Order
Apr 9, 20211 min
MAJOR SBA announcement = EIDL increased!
Just within the last few days, the SBA has announced that all recipients of the 2020 EIDL are eligible to apply for a loan increase....
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Records In Order
Mar 23, 20211 min
The $10,000 SBA Grant is Back
The original $10,000 grant for any business in a disaster area is back (less the $1000 per employee you already received if you applied...
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Records In Order
Jan 27, 20213 min
Let's Review Stimulus Programs
Family First Coronavirus Response Act Pay leave type: Under FFCRA, there are three different types of paid leave. Employee National Paid...
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Records In Order
Jan 19, 20211 min
Big banks now taking Second Draw PPP applications
First Draw and Second Draw PPP Now available from all financial institutions offering the PPP. If you qualify, today is the first day you...
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Records In Order
Jan 18, 20212 min
US Bank releases instructions re PPP Funding, including some doc requirements (final paragraph)
We expect that all banks will issue similar instructions, so we provide this to you as an alert of what to expect from your financial...
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Records In Order
Jan 18, 20212 min
Follow up: Second Draw PPP Funding
Application Status: Right now, only community banks and small regionals can process the Second Draw PPP applications, as of 1/13/21. The...
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Records In Order
Jan 11, 20212 min
Extended to January 13 -- CA Covid-19 Relief Grant Program Update
California Capital FDC <info@cacapital.org> Deadline Extended! The application period to the California Relief Grant Program has been...
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Records In Order
Jan 4, 20211 min
California COVID 19 Grant Program Starts Today
Most small businesses in California can apply for grants of up to $25,000 via California’s Small Business COVID-19 Grant Program. The...
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Records In Order
Jan 4, 20212 min
Rules for Round 2 PPP Funding
The significant difference in favor of business for Round 2 PPP is that the final legislation reduced the eligibility requirement to...
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![Document requirements for the SBA EIDL loan [Economic Injury Disaster Loan]](https://static.wixstatic.com/media/71f788_bdd12bfa86354921a36c26b1bdc538ad~mv2.jpg/v1/fill/w_1816,h_1364,fp_0.50_0.50,q_90,enc_auto/71f788_bdd12bfa86354921a36c26b1bdc538ad~mv2.jpg)
Records In Order
Jan 4, 20211 min
Document requirements for the SBA EIDL loan [Economic Injury Disaster Loan]
If you obtained an EIDL from the SBA, you or your corporation/LLC is required to submit documents to the SBA. The Board minutes or letter...
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Records In Order
Dec 21, 20201 min
New Stimulus Package - Congress finally agrees
Congress is to vote on the new Stimulus deal and it is expected to pass the legislation within the next 2-3 days. Here are the basics:...
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Records In Order
Nov 13, 20201 min
So the PPP loan is taxable after all?
Yes, and no. As we’ve previously written, there is no hurry to file for forgiveness of the PPP loan. You have plenty of time, there...
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Records In Order
Oct 26, 20201 min
Simplified PPP Forgiveness for loans under $50,000
Per recent joint guidance from the Treasury Department (IRS) and the SBA (Small Business Administration), there is now simpler loan...
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Records In Order
Oct 26, 20202 min
Deadline is November 6 for lost revenue 'grant' for Medicare/Medicaid providers
Some of you may have received an email from the US Department of Health regarding relief funds for health care providers who lost revenue...
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Records In Order
Sep 23, 20203 min
PPP Forgiveness
By now, many of you have already received an email or other notifications from your lender about the loan forgiveness process for your...
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Jul 15, 20201 min
REMINDER - July 15 is Tax Day
Just a reminder of things to get done for Wednesday, July 15. See your email for instructions from our office, and contact us with any...
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Jul 3, 20202 min
No PPP loan yet? $130 billion DISASTER RELIEF money still available to businesses
The PPP [Paycheck Protection Program] is NOT paycheck protection anymore. It is now a grant to small business to get the economy going....
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