If you received your PPP loan, what should you do now? The main purpose of the PPP loan is to keep your employees on payroll and the proceeds should be used for: Payroll costs, including payment of state and local taxes based upon compensation Group healthcare benefits and retirement Interest on mortgage obligations Rent Utilities […]
Financial
COVID-19 Tax and Financial Updates 04-17-2020
Tax Updates Some taxpayers have started to receive their Economic Impact Payments The CARES Act also provided retroactive tax law changes, such as allowing improvements to nonresidential buildings to be eligible for bonus depreciation (the ability to be expensed 100% in one year), while reducing the number of years of depreciation from 39 to 15 […]
COVID-19 Tax and Financial Updates 04-10-2020
Here are the latest updates and some reminders: Tax Updates Tax deadlines: both New Jersey and New York have finally extended the tax deadline from April 15th to July 15th. If you have an existing installment agreement with the IRS, payments due between April 1 and July 15, 2020 are suspended. CARES Act economic impact […]
COVID-19 Tax and Financial Updates 04-03-2020
Here are the latest updates and some may have already changed after this was written: Tax Updates Tax deadlines: both New Jersey and New York have finally extended the tax deadline from April 15th to July 15th. CARES Act economic impact payments: payments will begin in the next three weeks and will be distributed automatically. […]
COVID-19 Tax and Financial Updates 03-27-2020
There have been a lot of tax and financial announcements due to the COVID-19 pandemic. Here are some highlights of updates as of this writing: Tax Updates Tax deadlines: The Treasury Secretary announce that the tax deadline for all businesses and individuals is delayed from April 15th to July 15th. Additionally, they will be able […]
Tax and Financial Updates
There have been a lot of tax and financial announcements due to the COVID-19 pandemic. Here are some tax, unemployment and loan updates. Tax Filing and Payment Due Dates Extended The Treasury Secretary announce that the tax deadline for all businesses and individuals is delayed from April 15th to July 15th. Additionally, they will be […]
I Took the Day Off and You Should Too
Technology is absolutely wonderful at times. This is one of those times because I took the day off today, but still didn’t miss my goal of writing one post per week. Everyone needs a day off, a week off, or even a month off and here are 5 reasons why: Rest and Recuperate After working […]
Wanna Be More Comfortable Financially?
Isn’t this what everyone says, that they want to be more comfortable financially? There are two ironies that are common with this thought, but you can do something about it. Scenario #1 In this scenario you are making a good living, saving plenty, built up a good portfolio of assets, and have little to no […]
Why is Sales Such a Bad Word?
Everyone is trying to sell something, whether we realize it or not. Even employees are trying to sell themselves to get a job and keep moving up the ladder. Although selling has a bad reputation, it is more about intent, which makes it either good or bad. The Bad Side of Sales Selling a service […]
Are You Keeping Track of the Right Metrics?
Financial information tends to bore most people except for accountants, accountants, and accountants. Even though the thought of looking through and analyzing numbers may scare you, there are some metrics that drive your financial results and should be measured carefully. They are usually more exciting to keep track of because they can also help predict […]