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
- Jan 19, 2021
- 1 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, 2021
- 2 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, 2021
- 2 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 18, 2021
- 3 min
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...
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Records In Order
- Jan 4, 2021
- 1 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, 2021
- 2 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_454,h_341,fp_0.50_0.50,q_90,enc_auto/71f788_bdd12bfa86354921a36c26b1bdc538ad~mv2.jpg)
Records In Order
- Jan 4, 2021
- 1 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
- Nov 16, 2020
- 3 min
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...
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Records In Order
- Nov 16, 2020
- 1 min
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...
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Records In Order
- Nov 16, 2020
- 1 min
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...
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Records In Order
- Nov 13, 2020
- 1 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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- Jul 15, 2020
- 1 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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- Jun 5, 2020
- 1 min
U.S. Congress JUST NOW passed new flexibility in spending PPP Loan proceeds
Last week the House passed a bill to extend the PPP loan timeline, among other features. Today, the Senate agreed. The bill has been sent...
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- May 27, 2020
- 3 min
How to Get PPP Forgiveness
Guidelines were given last week, and regulations were just released near the midnight hour Friday May 22nd. There seem to be a bazillion...
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- May 22, 2020
- 2 min
Disaster Loans Are Funding FW: Status of Your EIDL Loan, and Bridge Loans
Here’s the latest update, since our email below on April 29, on Disaster Loans from the SBA: The EIDL disaster assistance has 2 parts –...
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- May 11, 2020
- 4 min
My PPP loan got funded! - Now what?
Note: This is the current guidance we have. Many organizations, including the AICPA, have provided recommendations to the Feds. Further...
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- May 1, 2020
- 1 min
REMINDER: Medicare FFS advance payment Terms and Conditions
The HHS advance that was deposited to the business checking accounts of Medicare FFS providers around mid-April, is money that doesn’t...
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- Apr 29, 2020
- 2 min
Status of Your EIDL Loan, and Bridge Loans
EIDL Process: We have been informed by the SBA that your loan application goes through 5 stages: Your application is pulled from the...
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- Apr 29, 2020
- 1 min
Grant Money Now Available -- ALERT !! Notice from the SBA
Notice: Additional Economic Injury Disaster Loan Funding With the additional funding provided by the new COVID-19 relief package, SBA...
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