Blog

May 19 2020 I am glad to not only share a beautiful morning sunrise with you, but also the links and important information and guidance regarding the Paycheck Protection Program loan forgiveness process. New guidance has come out about the Paycheck Protection Program loan forgiveness process, as well as an application form and instructions.   Here is the link to the:  Paycheck Protection Program Loan Forgiveness Application with Instructions Reminders…  Read more

Every country around the world has its own strategy for dealing with the COVID-19 pandemic. Some countries, like Sweden, are relying on the development of “herd immunity.” However, that approach is not without risks, and shouldn’t be adopted by other countries without consideration of those risks. On the other end of the spectrum, New Zealand effectively eliminated coronavirus. Like Sweden’s approach, New Zealand’s won’t work everywhere. Here in the U.S.,…  Read more

I spent my mother’s day morning with a friend on a plant buying expedition Mother’s Day Greenhouse Plants garbed in gloves hats, masks and glasses and as we practiced social distancing while meeting other gardening enthusiasts at the Brooklyn Terminal Market. I know others who hosted mother’s day dinners via video chat software or FaceTime. It was not quite “business as usual” but it was good to be out among…  Read more

This video is a portion of a recent panel discussion with Andrea and other tax professionals on how they set up their offices and were able to support their clients during the COVID-19 Pandemic. Andrea also discusses how cloud software, payroll portals, and document portals enabled her team to support their clients’ grant applications. We are not sure what the new normal will look like once we “open our doors”…  Read more

Check out our weekly Digest for April 29th located in the Latest Updates and News sections our Covid-19 resource center  which includes a link to the SBA’s PPP policy guide and the SBA’s PPP FAQ’s (as updated April 28th) among other great resources … Check out our recent blog post & video Will I Ever See the Stimulus Money I was Promised?,  which details how to update your banking information for…  Read more

It seems appropriate to discuss this topic as the news this week is focused on “returning to work”.   I wonder what that will look like for people, I believe it depends on our ability to be flexible, creative, careful, courageous, determined and considerate  as we  continue to work remotely or create processes for a sustainable remote/onsite system. I was asked to contribute to a recently published online article here is…  Read more

Here’s hoping that this email and my “not so short video” answers your questions about the stimulus checks or at least clears up some of the confusion. Remember: The amount you get in your stimulus check in the coming months is determined by your 2019 or 2018 tax return (whichever tax return was most recently filed).  Next year, when we prepare your 2020 tax return we will complete a reconciliation…  Read more

We are looking forward to the starting of the next wave of PPP application submissions and hoping that more of our clients will be funded. We have created a specific process for our clients to follow so that they can comply with the rules and conditions for each of the loan/grant programs.  Please follow our blog posts and email blasts for companion videos as well. and  on to this morning’s NYT…  Read more

Posting this a bit later in the day, I wanted to make sure that I had the most up to date information to share. I have attended 3 webinars today, including a U.S. Chamber of Commerce Town Hall meeting where the discussion was focused on potential additional funding for both the Paycheck Protection Program (PPP) and EIDL, other small business grants. “The PPP is out of money:  On Thursday morning,…  Read more

I am so glad to share this photo from another beautiful morning run on the beach today, I hope you are all doing something for YOU each day, it really does help.     The reports are coming in about the stimulus checks.  It seems that only those eligible individuals who had an over-payment direct deposited into their (current) bank account when they filed their 2018 or 2019 tax returns…  Read more

It was overcast this morning on the beach, but I was glad to get out to clear my head on #TaxDay?  Yes it’s April 15th but the only extensions we are filing are for our self-employed clients who operate in NYC (there was only a minimal extension of time to file the Unincorporated Income Tax Returns (UBT). EIDL And PPP Applications and Funding I am hearing from others in the…  Read more

In this video, I talk about how the Economic Injury Disaster Loans & Emergency Economic Injury Grants can help your business. I remember the joke that “Ask an accountant how much is 1+1”, and they say “what would you like it to be”.  It sounds like the new Non-Joke “what is my average monthly payroll cost” and we say “what day is it” … Please watch my video, which I…  Read more

The COVID-19 pandemic may have an economic impact far beyond last year and the next two or three. A recent report by the World Bank projects global economic growth to slow to 1.9% per year from 2020-2029. Prior to the pandemic, growth was projected to be 2.1%, down from 2.5% over the previous decade. Investments in infrastructure, diversifying economies and supporting the employment of women may help to mitigate or reverse that…  Read more