PPP Update: Covered Period Changes to 24 Weeks

Congress passed legislation late Wednesday, June 3, that makes some major changes to the PPP loan program. The legislation, a bill called the Paycheck Protection Flexibility Act, was sent to the President who is expected to sign it. The bill contains some major changes to the PPP loan program, which are summarized below: Current PPP borrowers…

PPP Loan Forgiveness Guidance

On May 16, 2020, the SBA released the PPP Loan Forgiveness Application and followed it up on May 22, 2020, with additional PPP Loan Forgiveness guidance in the form of an Interim final rule.  Between these two documents, the SBA has provided clarity in many areas in terms of how calculations should be made and the requirements for…

10 Essential Remote-Work Habits

Success as a remote worker begins with developing a few simple rules that will allow you to be engaged and intentional about your work and will create a positive experience. Your home office: Ensure your office is in a part of your home that is quiet and away from home and family distractions. A door…

How to Avoid Falling Victim to Scams

Unfortunately, when times get tough, people will look to take advantage when they can. Here are ten tips to help you avoid becoming a scam victim. Follow your company’s IT policies first and foremost! The IRS does NOT contact you via email or a phone call. State Revenue agents also do not call you or…

Last-Minute Tax Deductions

No matter your income situation, here are several year-end tax tips you can still take advantage of to help minimize what you owe and maximize your refund. But, you must act before December 31, for these to work. Business Owners Defer income, especially a bonus, if you’re having a stellar year. Why? Because income is…