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SBA Releases Interim Final Rules Regarding PPP Second Draw Loans

RogerRossmeisl

BACKGROUND CARES Act The CARES Act provided the original legislation authorizing the Small Business Administration (SBA) to make loans to qualified businesses under certain circumstances.

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PPP Loan Tax Consequences

RogerRossmeisl

Taxpayers could apply to have the loans forgiven to the extent their proceeds were used to maintain payroll during the COVID-19 pandemic and to cover certain other expenses. The post PPP Loan Tax Consequences appeared first on Roger Rossmeisl, CPA.

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SBA Re-Opening PPP for All Lenders by 1/19/2021

RogerRossmeisl

Containing extensions and expansions of the PPP, it provides additional funding for what has been a popular provision with many small businesses included in the Coronavirus Aid, Relief and Economic Security (CARES) Act. allowing eligible employers to obtain forgivable loans for certain payroll and non-payroll purposes.

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How to Use Microsoft Copilot for CPA Firm Marketing

CPA Practice

Prompt : Develop a 3-month content calendar for our blog including topics such as [payroll pain points for seasonal companies, business expenses for realtors, etc.] Prompt : Write a 15-second video script [between two people looking for business tax services in their area]; use this reference [insert service webpage link].

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How to Use ChatGPT to Create Forms and Templates for Accounting Firms

CPA Practice

I asked ChatGPT what forms it recommended for a CPA firm. Here is the answer I got (since ChatGPT is nondeterministic, you won’t get the exact same answer I got.): For a CPA (Certified Public Accountant) firm, creating and utilizing various forms and templates can significantly streamline practice management tasks.

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If You’re Hiring Independent Contractors, Make Sure They’re Properly Handled

RogerRossmeisl

The question of whether a worker is an independent contractor or an employee for federal income and employment tax purposes is a complex one. If a worker is an employee, your company must withhold federal income and payroll taxes and pay the employer’s share of FICA taxes on the wages, plus FUTA tax.

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Top Remote Accountants of the Week | November 7, 2024

Going Concern

TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting | Candidate ID #23571431 Certifications: CPA in process Education: BBA Accounting, MA Accounting Experience (years): 5+ years of accounting and tax experience Work experience: All in public accounting Performs full cycle accounting and tax preparation Financial compilations and reporting with clients (..)