If you received a PPP loan of less than $50000 the SBA has released an efficient and simple form for forgiveness request. The link to the form is below. Heads up the date on the form says it expires on 10/31/2020 so keep this in mind.
#ppploanforgiveness #knowyournumbers #acccounting
BNI Meeting
Restart the USA!! We are running a special through the end of the year: No application fee if you apply before 12/31/2020! You can visit our chapter with no obligation or cost, just message me and I will share the details. DM me today this is an excellent chance to join a fantastic organization.
1099s and You
Do you have subcontractors, or others helping your business that you give a 1099 yearly? The 1099 NEC is coming and looks a bit easier and certainly more straightforward for the business and receiver. Check out the IRS direction in the link and message me if you have questions.
#subcontractors #taxes #knowyournumbers
Changes to Meals and Entertainment
If you are paying for meals for business purposes make sure that they are paid for and billed separately. I have included the link to the new regulations (it’s 56 pages yikes). Meals still deductible at 50% but entertainment deductions have been cut. Check with your tax preparer if you need additional guidance. Message me if I can help.
#taxes #knowyournumbers #regulations
Go Vote
This link isn’t to influence you, it is from the government with access to information on what races you will be voting on and the candidates. Also, on here are links to sample ballots for you to look over before the big day. The most important thing we can all do is some research. Find out what and who you are voting for and see which candidate fits your beliefs.
#vote2020 #knowbeforeyougo