Self-employed qualify for larger PPP loans The Small Business Administration (SBA) initially made it hard for self-employed to obtain PPP loans of reasonable amounts by requiring them to use net profit on line 31 of Schedule C as the beginning point to compute the qualifying loan amount. Many self-employed have little [...]
Service and support for QuickBooks 2018 will be discontinued. Payroll service and support for QuickBooks Desktop 2018 will be discontinued on May 31, 2021. To ensure uninterrupted and accurate payroll service, upgrade your QuickBooks before May 31. Please call us for help and support transitioning to the new system. [...]
Merry Christmas and a Happy New Year from our Family to yours New 1099 Rules: 1099-NEC (not a 1099-MISC) are now used to report independent contractor payments. You may need to remap the vendors to print properly. Several Coronavirus Aid, Relief, and Economic Security (CARES) Act tax provisions for small businesses [...]
US Bank Paycheck Protection Program (PPP) loan application for both First Draw and Second Draw PPP loans on Tuesday, January 19. We intend to open our Paycheck Protection Program (PPP) loan application for both First Draw and Second Draw PPP loans on Tuesday, January 19. The Small Business Administration¹ (SBA) has indicated [...]
