Plenty of tax planning details remain up in the air for PPP loans. Some lenders are nudging applicants to complete forgiveness applications. Not so fast! There is no harm in waiting. Learn more from Smart Tax Planning at CNBC....
Local SHRM Chapter Santa Barbara Human Resources Association (SBHRA) offers simple tips on combating Zoom fatigue: We are using virtual video meetings daily for multiple reasons. We are using virtual meetings for work, school and many types of social activities.…
Before the pandemic, roughly two-thirds of all social interactions were face-to-face. Not anymore. Those of us following the rules of social distancing (hope that’s everyone) still talk in person with the people we live with and maybe with a friend…
The IRS has taken Non-Employee Compensation out of the 1099-MISC and created a new form 1099-NEC for 2020. The 1099-NEC is to be used only for reporting independent contractor payments of $600 or more in the course of trade or…
There's no rush to offer workers a holiday from Social Security taxes. employers in the U.S. have not rushed to offer their workers a suspension of Social Security payroll taxes through the end of the year, given that employees would…
The IRS has posted a few news updates this week (August 17, 2020): Pending Check Payments and Payment Notices - COVID Related If a taxpayer mailed a check with or without a tax return, it may be unopened in the…
As the COVID-19 pandemic spread through the world, so too has fraudulent activity that affects small businesses. Crises like the COVID-19 pandemic offer a prime opportunity to prey on unsuspecting businesses while they are preoccupied with keeping their businesses afloat.…
Banks are not accepting the Forgiveness applications yet. There is still some debate in Congress about whether or not PPP loans under a specific threshold ($150,000 was mentioned) might be forgiven outright or with a simple one-page application. The application,…
Small businesses still have until August 8 to apply for potentially forgivable loans via the Paycheck Protection Program (PPP), which was extended from its original June 30 deadline. While a second PPP is under consideration in the Continuing Small Business…
President Donald Trump signed a bill Saturday re-opening the application window for the Paycheck Protection Program (PPP) until Aug. 8. The five-week extension had been approved last week by both chambers of Congress. The U.S. House of Representatives and the…
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