How to Utilize Net Operating Loss to Offset Prior Taxable Income
If you own a business and your expenses exceed your revenue, you may potentially have a net operating loss (NOL). The NOL is the result...
Watch Out For These Ineligible Uses of the EIDL Loan Funds!
The EIDL (Economic Injury Disaster Loan) is to provide financial assistance to small businesses or private non-profit org. that suffered...
PPP Updated! Loan Forgiveness Changes & More!
The U.S. Senate recently approved the House-passed version of the Paycheck Protection Program (PPP) legislation Wednesday night. It is...
What to do if you get rejected for the PPP?
The Paycheck Protection Program (PPP) is now in its second round of funding from the federal government's crisis aid for small...
Cuts to Payroll Affecting Loan Forgiveness
Business owners are facing difficult decisions to keep their business afloat, they need to plan about every option before making a rash...
Delay of Employer Payroll Taxes
Small business owners normally had to collect 6.2% of their employees' wages for Social Security Tax as part of the FICA withholding up...
