by Admin | Oct 23, 2020 | Business Taxes, COVID-19, Individual Taxes
If you’re wondering what happen to your completed tax return you mailed in months ago or the tax payment you made a few weeks ago hasn’t been cashed yet, do not fret. As of October 2, the IRS is experiencing an unopened mail backlog of around 5 million pieces of...
by Admin | Oct 13, 2020 | Business Taxes, COVID-19, PPP Loans & EIDL Loans
The US Small Business Administration & US Treasury Department released guidance this week clarifying that recipients of Paycheck Protection Program (PPP) loans of $50,000 or less will be able to apply for forgiveness using a simplified application form. ...
by Admin | Oct 13, 2020 | Business Taxes, COVID-19, PPP Loans & EIDL Loans
The US Small Business Administration released additional guidance on September 30, 2020 clarifying the deferral period for payments on all Payroll Protection Program (PPP) loans. The original promissory note indicated a six-month deferral for payments on the...
