Remove 2019 Remove payroll Remove small business accounting Remove tax consultant
article thumbnail

PPP Loan 2021 – FAQ & How To Get Approved + Forgiven

LyfeAccounting

If you did not receive round 1 of PPP loans or returned your loan, you are eligible to receive PPP for the first time if you meet the following conditions: Your businesses was in operation on February 15, 2020 and is currently operational. You had paid salaries and payroll taxes or paid independent contractors. 10 million.

article thumbnail

Copy Amazon’s $0 Tax Strategy! How to Write Off Taxes (Easy Guide)

LyfeAccounting

Myth #1: Amazon pays $0 in taxes. Amazon paid $0 in Federal taxes in 2017 and 2018 but Amazon does pay plenty of payroll taxes, state taxes, and international taxes. In 2019, Amazon broke its streak of paying $0 Federal taxes and actually owed money to the federal government.

Tax 52