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Charitable Contributions: Some Guidelines
June 17, 2020 ... We are the most generous nation in the world when it comes to charity and donations. Americans are the top givers, according to the World Giving Index, and have been for some ten years. Whether local or international, we help strangers who...
Good News … PPP Flexibility Act Signed into Law!
June 12, 2020 ... Just when we thought that the business-related news might slow down... last Friday’s unemployment numbers came out positive and improving (much to the surprise of everyone and the delight of the stock market!). As we mentioned last week,...
PPP Money Still Available
June 5, 2020 ... We have been talking about the Paycheck Protection Program (PPP) for quite a while now. As of last week, there was still some $100 billion in PPP funding available (per Journal of Accountancy). That means PPP funding is still available today...
Brian Manthe’s Four Steps To Properly Handle Upset Customers
2020 has been ... something. Maybe, if we're all fortunate, the SpaceX launch will be the best thing to come out of this season. Because there is simply pain all around right now. I said this in another place, but it's overwhelming, as someone who has to communicate...
For The Sake of Your Southern Oregon Business, Don’t Navigate This Extended Tax Season Alone
The more we learn about the nuances of the Paycheck Protection Program (PPP) forgiveness, Economic Injury Disaster Loan (EIDL) regulations, the Employee Retention credit (an alternative, payroll-tax-specific way to save cash for your business) ... well, the more that...
Big PPP Loans Forgiveness Update From The IRS For Southern Oregon Businesses
For the past few weeks, we have been constantly talking about the Paycheck Protection Plan (PPP). Perhaps an overkill, but the program has been a lifesaver for a variety of our clients, and it has provided a great shot in the arm for others.Finally last week, we got...
Should Your Southern Oregon Business Consider Returning The PPP Loan?
There has been a lot of recent chatter about the Payment Protection Program (PPP) money, who got it, who didn't, and even if some companies should pay it back.Well, we have some thoughts on this for you today, but ultimately, you will have to be the one who makes this...
A Big IRS Update For Southern Oregon Businesses On Using The PPP Loan Funds
Last week the IRS released new guidance on the Paycheck Protection Program (PPP) loan. Turns out ... if you received a PPP loan, the expenses you pay from the proceeds of this (forgivable) loan ... are not deductible. That means, depending on your tax rate, the value...
An SBA Funding Update And Four Scenarios Your Southern Oregon Business Could Be In
The second round of the Paycheck Protection Program (PPP) funding, $322 billion, began this past Monday. The first round at $349 billion funded 1.6 million businesses in just 13 days, with some 800K pending applications in the queue. If yours was one of...
What Your Southern Oregon Business Should Do If They Received PPP Funding
One day soon, we will write about matters other than government aid, the CARES Act, PPP/EIDL, etc. But, these are extraordinary times.So here is a piece of semi-urgent news:It looks like the House on Wednesday will pass a deal that will add another round of...
Five Ways To Get Small Business Help Right Now For Your Southern Oregon Business
There is so much noise right now about how to survive (even thrive) in the midst of this very difficult season."Pivot on your strategy, stay laser focused on your vision," its been advised.Yes, if you are running a business, these times call for a shift....
A Guide to Paycheck Protection Program Loans for Southern Oregon Businesses
This is a very important message, and I'd like you to read it carefully.Here at Team Legacy CPA, we have been walking closely with our Southern Oregon business owner clients (and many, many new business owners who have been reaching out) to cut through the noise and...