This is not a drill! We cover all the recent updates and new information regarding tax deadline shifts – what is included and what is not, the second draw opportunity for the Paycheck Protection Program and the targeted EIDL advance application.
Coronavirus
A few things to be aware of as we slide into tax season.
You got/took/accepted an EIDL Loan … (kind of like saying 4C’s college) … So where do you go from here?
The Treasury is calling the shots and taking away everyone’s ability to play timing games with PPP forgiveness.
If you haven’t applied, and you have experienced, or foresee the potential for “economic uncertainty” caused by the pandemic for your business you should consider applying.
Now that we are off and running with many, many businesses applying for the loans, and the banks starting to turn around approvals and funding – what should you do when hear from the bank that you’ve been approved and funding committed?
A summary of the recently signed into law CARES Act—also referred to as the Stimulus Package.
Income tax payments were previously extended… and now filing tax returns (1040, 1120 and few other odd-duck ones) have been extended.