Do you know what your business credit score is? This is the main way third parties - like lenders, creditors, and trade partners - can measure your company's financial health. Learn more about building solid business credit in today's blog.
TAGTAXESLLC.COM
Repairing Your Business’s Bad Credit Score
Be careful what you search for (and click on): "Americans who are still waiting for their stimulus checks or searching for updates on future payments" may become the targets of scammers.
FASTCOMPANY.COM
Searching for stimulus check updates on Google? Be careful what you click on
Wednesday Wisdom
The IRS, in Notice 2020-51, has now provided additional relief by extending the normal 60-day rollover requirement and allowing individuals who took an RMD in 2020 to roll the RMD back into their retirement plan by no later than August 31, 2020.
TAGTAXESLLC.COM
IRS Provides Additional 2020 RMD Rollover Relief
PPP was credited with returning 2.5 million Americans to work - but approximately 14% of business owners "expect to lay off workers after using up funds through the forgivable loan program."
CNBC.COM
14% of businesses expect layoffs after using their PPP loan funds
Be careful: In recent months, the IRS' Criminal Investigation unit has noticed "various scams related to economic impact payment and other financial schemes attempting to take advantage of unwary taxpayers."
ACCOUNTINGTODAY.COM
IRS warns of coronavirus-related tax schemes
