Beyond the Numbers

Small Business Owners Get Good News on PPP Loan Forgiveness

Small business owners, self-employed workers and freelancers received some welcome news when Congress recently passed the Paycheck Protection Flexibility Act. This new law clarifies how businesses can qualify to have all or a portion of its Paycheck Protection Program (PPP) loan forgiven. Here is what you need to know: December 31, 2020 is the new…

Read More

Help! My Stimulus Payment is Wrong or Missing

Millions of Americans already received their economic impact payment. But what if you’re still waiting or your payment was for an incorrect amount? Here are some common scenarios why you may not have received your payment, or the payment you did receive was for an incorrect amount, and what you can do. Your payment was…

Read More

Do you owe the IRS an estimated tax payment?

Most Americans have income taxes withheld from their paychecks and their employer sends the tax payment to the IRS on their behalf. But if the payments don’t cover your taxes at the end of the year, and you want to avoid penalties, you must make estimated payments to the IRS on a quarterly basis. This…

Read More

Thinking about the Payroll Protection Program loan forgiveness? We have answers!

Thinking about the Payroll Protection Program loan forgiveness?  You are not alone. For those of you who received funding in the first round of payments, that 8-week deadline for using the funds is fast approaching. Many of you have looked at the loan forgiveness application, asked questions and made plans.  We want to tell you, things are going to…

Read More

Ideas to Help Local Businesses

Shuttered businesses are realizing that lifting lockdown restrictions doesn’t mean a return to business as usual. Social distancing guidelines and a public wary of venturing into crowded environments means light customer traffic for many businesses. Here are several ideas to help local businesses financially as they re-open their doors: Continue buying gift cards. For many small…

Read More

The New Face of Banking

It suddenly just got a whole lot more difficult to buy a home The banking sector is the latest industry to dramatically change how it operates in response to the current economic environment. The most visible change for consumers are new requirements for taking out a mortgage. Here are some tips for working with banks…

Read More

Be Prepared for Pandemic Tax Surprises

Numerous new laws provide economic relief to individuals and businesses hardest hit by this year’s pandemic. This much-needed financial assistance, however, comes with a few strings attached. Here are three potential surprises if you use the available economic relief packages: Getting a tax bill for unemployment benefits. While the $1,200 economic impact payments most Americans…

Read More

Think Before Tapping 401(k) as Emergency Fund

Do you need a quick infusion of cash? Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, you may be able to take money out of a qualified plan, like a 401(k), or an IRA, with favorable tax consequences. But should you do it? You might view withdrawing money from a retirement account as…

Read More

Knowledge is Power: Security News Roundup

Cybercrime, identity theft, zoombombing, fraud. Let’s be honest – the safety of our information online is the last thing we want to worry about during our world’s current state of affairs. Knowledge is power though, so we’ve rounded up numerous articles previously posted on our blog and that of our sister company, Johnson Bixby, on…

Read More

Stimulus Options For Sole Proprietors

As a self-employed person (sole proprietor) does talk of the various stimulus benefits for businesses surrounding the COVID-19 response have you feeling left out? Don’t despair! As a non-employer without payroll expenses, you qualify for two programs: Pandemic Unemployment Assistance benefits Payroll Protection Program (yes, even without payroll expenses you qualify with income from your Schedule…

Read More