Build a Fortress Defense for PPP Loan Forgiveness

Posted on 26. Aug, 2020 by in COVID-19, IRS, Managing Finances, Small Business Tips

More than 70% of small businesses in America now have loan proceeds from the Paycheck Protection Program (PPP) to help retain employees during the current pandemic. The entire amount of a PPP loan is eligible to be forgiven if the funds are used for qualified expenses. Recent legislation liberalizes the terms of loan forgiveness for […]

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Small Business Owners Get Good News on PPP Loan Forgiveness

Posted on 29. Jul, 2020 by in COVID-19, Small Business Tips

Small business owners, self-employed workers and freelancers received some welcome news when Congress recently passed the Paycheck Protection Flexibility Act. This new law clarifies how businesses can qualify to have all or a portion of its Paycheck Protection Program (PPP) loan forgiven. Here is what you need to know: December 31, 2020 is the new […]

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Help! My Stimulus Payment is Wrong or Missing!

Posted on 27. Jul, 2020 by in COVID-19, IRS, Small Business Tips

Millions of Americans already received their economic impact payment. But what if you’re still waiting or your payment was for an incorrect amount? Here are some common scenarios why you may not have received your payment, or the payment you did receive was for an incorrect amount, and what you can do. Your payment was […]

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The New Face of Banking

Posted on 07. Jul, 2020 by in Banking, COVID-19, Mortgage, Small Business Tips

It suddenly just got a whole lot more difficult to buy a home The banking sector is the latest industry to dramatically change how it operates in response to the current economic environment. The most visible change for consumers are new requirements for taking out a mortgage. Here are some tips for working with banks […]

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Think Before Tapping Your 401(k) as Emergency Fund

Posted on 23. Jun, 2020 by in COVID-19, IRS, Retirement Accounts

Do you need a quick infusion of cash? Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, you may be able to take money out of a qualified plan, like a 401(k), or an IRA, with favorable tax consequences. But should you do it? You might view withdrawing money from a retirement account as […]

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Be Prepared for Pandemic Tax Surprises

Posted on 14. Jun, 2020 by in COVID-19, IRS, Retirement Accounts, Small Business Tips, Tax Tips

Numerous new laws provide economic relief to individuals and businesses hardest hit by this year’s pandemic. This much-needed financial assistance, however, comes with a few strings attached. Here are three potential surprises if you use the available economic relief packages: Getting a tax bill for unemployment benefits. While the $1,200 economic impact payments most Americans received […]

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Ideas to Help Make Payments During Tough Times

Posted on 20. May, 2020 by in Budget, COVID-19, Managing Finances, Small Business Tips

If you’ve been recently laid off, here’s how you can get some quick cash to help pay your bills. You’re not alone in trying to navigate the financial uncertainty during the coronavirus pandemic. Millions of American workers who lost their paycheck because of COVID-19 need to find creative ways to pay bills. Here are 6 […]

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Get Your Money: Ensure You Receive a Stimulus Payment

Posted on 12. May, 2020 by in COVID-19, IRS, Small Business Tips, Tax Tips

Your COVID-19 stimulus checks are in the mail! Find out how much you qualify for and when to expect the money. The IRS has two websites to help with stimulus payments: One for non-tax filers to register to receive their economic impact payment and a new “Get My Payment” tool. BackgroundAs a response to the […]

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