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...
top of page
Accounting News
Search
Records In Order
Apr 9, 20212 min read
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 –...
64 views0 comments
Records In Order
Apr 9, 20211 min read
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....
65 views0 comments
Records In Order
Mar 23, 20211 min read
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...
70 views0 comments
Records In Order
Jan 27, 20213 min read
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...
50 views0 comments
Records In Order
Jan 19, 20211 min read
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...
58 views0 comments
Records In Order
Jan 18, 20212 min read
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...
106 views0 comments
Records In Order
Jan 18, 20212 min read
Now 2 types of 1099s, due 1-31-21 -- Our deadline for assistance is 1-22-21
1099 filings for 2020 are due January 31, 2021 for 1099 required vendors; such as, independent contractors, non-employees, and landlords....
48 views0 comments
Records In Order
Jan 18, 20212 min read
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...
46 views0 comments
Records In Order
Jan 18, 20213 min read
2020 Business Tax Preparation
We hope your 2021 year is starting off well. We certainly hope for an improvement over 2020. It is once again time to think about sending...
41 views0 comments
Records In Order
Jan 11, 20212 min read
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...
64 views0 comments
Records In Order
Jan 4, 20211 min read
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...
50 views0 comments
Records In Order
Jan 4, 20212 min read
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...
58 views0 comments
![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 read
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...
1,753 views0 comments
Records In Order
Dec 21, 20201 min read
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:...
52 views0 comments
Records In Order
Nov 16, 20203 min read
California Required Statement of Information
REMINDER: Your business tax return does NOT include, nor does it replace the requirement to file a Statement of Information/Officers with...
51 views0 comments
Records In Order
Nov 16, 20201 min read
Annual Corporate Compliance Reminder
A corporation is required to record at least annual minutes of Board meetings. ANNUAL CORPORATE MINUTES ARE REQUIRED (LLCs are NOT...
44 views0 comments
Records In Order
Nov 16, 20201 min read
Requests for Preparing Minutes for a Corporation's Board Meeting held
I have received requests to prepare Board Minutes on behalf of some clients' corporations. To do so, I would need some information from...
41 views0 comments
Records In Order
Nov 13, 20201 min read
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...
40 views0 comments
Records In Order
Oct 26, 20201 min read
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...
57 views0 comments
bottom of page