Blog June 4, 2020

PAYCHECK PROTECTION FLEXIBILITY ACT JUST PASSED

The Senate just passed the Paycheck Protection Flexibility Act Wednesday night 6/3/2020. It now goes to the president to be signed.   The major changes to the PPP Program are as follows: You can choose to extend the covered period for loan forgiveness from 8 weeks to 24 weeks, or you can keep the original […]

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Blog June 3, 2020

When Does 1918 + 1968 = 2020?

In China, it’s a curse to say “may you live in interesting times.” If that’s so, 2020 is surely cursed. It all started with coronavirus in January or thereabouts. April brought the murder hornets to Washington State. (They might still be only in Washington, but they’re murder hornets.) And last week brought news that yet another unarmed […]

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Blog May 20, 2020

Fraud & Bling: Atlanta

Maurice Fayne, did you think you would get away with it? Did you think styling yourself “Arkansas Mo” on a show like VH1’s “Love & Hip Hop: Atlanta” made you the kind of guy who can pull a con on the down low? When you borrowed $2,045,800 from the Paycheck Protection Program, did you really […]

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Blog May 13, 2020

Mom Totally Knows Best

In 1914, Woodrow Wilson signed a proclamation designating the second Sunday in May as Mother’s Day. Ever since then, Americans have spent that day destroying Mom’s kitchen in the name of breakfast in bed, tramping through her garden in the name of bringing her flowers, and making up for the phone calls and compliments they […]

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Blog May 12, 2020

PPP Loan Forgiveness When Employees Refuse to Return to Work

What if your employees don’t want to come back to work because the unemployment benefits are too good?   The federal government is supplementing unemployment benefits with an additional $600 per month for 3 months and some employees may make more money on unemployment than if they went back to work. This choice not only affects […]

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Blog May 11, 2020

How Did We Do?

HOW DID WE DO?   WHAT ELSE CAN WE DO? A recent survey indicates that up to 20% of tax preparation companies were not ready for working remotely and just chose to close their doors.  Sadly, even among those who stayed open, most just stuck to tax preparation and did not advise their clients on how […]

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