Despite the IRS being slammed right now due to the pandemic, millions of Americans still owe back taxes for previous years. And they are increasingly finding themselves unable to pay up all at once. An installment agreement is just one of many tax relief options that may help you settle with the IRS or lower […]
Archives for June 2020
Returning to Business: The COVID-19 Comeback
Business leaders across the country are focused on overcoming the onslaught of challenges brought on by COVID-19. For many, it was a revelation of strengths and weaknesses. Others with more adaptable business models may have been able to weather the storm and come back poised for growth — but not so fast. Literally. As business […]
Breaking News: Senate Passes House PPP Update
The U.S. Senate passed the House version of Paycheck Protection Program (PPP). The President is expected to sign the legislation. Here are the changes to the PPP: Increases the time period for usage from 8 weeks to 24 weeks; Reduces the amount to be spent on payroll from 75% to 60%. However, if a business […]
PPP Update: Here We Go Again
The more things change…Well, the more they change. Late last week, the House passed revisions to the Paycheck Protection Program (PPP) and if passed by the Senate (looks as though that will happen), will be signed by the President. Once passed, it will change my prior comments on forgiveness. Barring changes by the Senate, here […]