THE BOTTOM LINE | We've advised you to be patient anticipating more changes to the law would come regarding the Paycheck Protection Program or #PPP. That time is now. Congress has just passed a bill, and the president has signed off into law, the Paycheck Protection Flexibility Act. It extends some key points that will greatly help out business owners.
Accountant David Gargiulo will tell you the ways you can take advantage of the changes to the covered period, the payroll percentage thresholds and the deadline to restore staff so you can maximize your forgivable loan during this #coronavirus pandemic.
Check out some other videos here >> https://youtu.be/ZTWPRvJ842I
You'll find more resources and contact information at our website https://www.nationalincometax.com
Weaker-than-expected job growth in September "sent a signal that the sharp economic recovery off the coronavirus shutdown may be hitting a wall."
CNBC.COM
'Massively concerning' jobs report sends a signal that the economic recovery could be fading
The stimulus yo-yo continues in Washington. Here's the latest.
CNBC.COM
Pelosi, Mnuchin speak about broad stimulus bill as White House sends mixed signals
Here's your tax fact of the week from your friends at National Tax Accounting & Financial.
Gambling income can affect your taxes in more ways than you might believe, including causing your Social Security income to be taxed, reducing your health care subsidies through government marketplaces, paying higher Medicare B & D premiums, having additional filing requirements, and limiting or reducing a number of tax deductions and credits.
NATIONALINCOMETAX.COM
Gambling and Tax Gotchas
As the pandemic lingers, here are 4 ways you can help your employees focus on what they can control and feel safe returning to work.
FASTCOMPANY.COM
4 ways to help employees feel safe when returning to work
Here's a tricky question: How do you know when it's the right time to scale your business? Read on to learn five critical identifiers for scaling and how to get it done.
ENTREPRENEUR.COM
How to Know When It's the Right Time to Scale Your Business
News on a potential stimulus package changes constantly. Here's the latest on whether a package has any chance of passing Congress before the election.
BLOOMBERG.COM
Pelosi-Mnuchin Talks Drag, Likely Pushing Stimulus Past Election
The IRS is on a roll with catching wealthy Americans hiding money offshore. Learn more about the latest here.
WSJ.COM
The IRS Reels in a Whale of an Offshore Tax Cheat—and Goes for Another
First, there was the usual April 15th deadline. Then, there was July 15th. If you filed for an extension, your deadline was October 15th - and now that date has come and gone. What happens now if you missed it?
NATIONALINCOMETAX.COM
What Happens if I Missed the October 15th Tax Extension Deadline?
Your Friday tax fact from St. Petersburg based National Tax Accounting & Financial.
Midweek Wednesday Wisdom from National Tax Accounting & Financial
If you plan to start a new business, there are a number of decisions and possible elections you can make that will influence what form of business you select and how you decide to deduct costs. These choices can affect the tax outcome of your business for years to come.
NATIONALINCOMETAX.COM
New Business? Tax Issues to Consider
An individual must have compensation in order to contribute to an IRA. However, a non-working or low-earning spouse is allowed to contribute to his or her own IRA based upon the compensation of the working spouse. Watch this video to learn more.
Will a stimulus bill ever come? It's hard to say, but many small business owners are uncertain whether they can survive without additional assistance from the government.
AXIOS.COM
Small business owners uncertain of survival without new stimulus
Set yourself up for success with Monday Motivation from National Tax Accounting & Financial
10,000 stores are set to close in 2021 - a new record - as COVID-19 continues to "pummel" retailers.
CNBC.COM
10,000 stores are expected to close in 2021, as pandemic continues to pummel retailers
A feel-good entrepreneurial success story for your Friday: Here's how Bianca Robinson transformed her business and helped her customers generate more than $2 million in revenue.
FORBES.COM
How This Entrepreneur Digitally Transformed Her Business And Helped Her Customers Generate $2.1M In Revenue
National Tax Accounting & Financial has a fun tax fact to share with you.
Although day trading is neither illegal nor unethical, it can be highly risky. Most individual investors do not have the wealth, time, or temperament to make money or sustain the losses that day trading can bring. Satisfying the rules that permit special tax treatment for day traders is difficult.
NATIONALINCOMETAX.COM
Day Trader Rules and Tax Treatment
A new study by Visa "reveals 82% of small business owners are shifting toward digital payments in response to the pandemic." Are you one of them?
SMALLBIZTRENDS.COM
82% of Small Business Owners Ready for Digital Payments
