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CEO & Attorney at Directed IRA & Directed Trust Company
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PPP Loan Forgiveness Period Beginning to Close; Payments May Be Due
PPP borrowers who took loans in 2020 will soon have their first payments due if they don't request forgiveness.
Tax Rules for Buying and Selling Bitcoin and Other Crypto
The IRS has given guidance twice on cryptocurrency tax issues.
New Stimulus Bill Includes Second Round of PPP Loans for Small Business and Forgiveness Rule Changes Favorable to Borrowers
Congress finally passed further Covid relief, and it potentially bodes well for a range of small businesses.
The IRS Increases 2021 Contribution Limits to SEP IRAs and Solo 401(k)s for Business Owners
HSA limits increase as well, while Traditional and Roth IRA limits remain unchanged.
SBA Approves Simple 1-Page PPP Forgiveness Application for Loans of $50,000 or Less
The new guidelines remove calculation requirements and simplify supporting-document rules.
New Legislation Would Grant Automatic Forgiveness of PPP Loans Under $150,000
The smallest of small businesses may be able to avoid hassling with additional documents, worksheets and payroll/tax forms.
The July 15 Tax-Filing Deadline Is Approaching; New Retirement-Account Rules Can Benefit You
Most of the 2020 guidelines are in favor of savings-account owners and sole propietors.
New PPP Law Extends 8-Week Period and Reduces Percent Payroll Cost Rule
Senate passes House bill that eases restrictions on how long businesses have to spend funds and how they can allocate them.
SBA Releases PPP Forgiveness Application and Makes Critical Clarifications and Documentation Requirements
There is now improved guidance on calculation methods, definitions of forgivable expenses and the documents that must be submitted with the forgiveness request.
PPP Loan Developments: Only $120 Billion Left, Favorable Forgiveness Guidance from SBA and IRS Tax Pitfall
Round 2 of small-business funding is winding down, and business owners are now facing tough decisions.
PPP Is Back With $310 Billion in Additional Funding, But Small-Business Owners Must Act Fast
The new round will go even quicker, so those who missed out must choose the right bank and move immediately.
$205 Billion of the $350 Billion Appropriated for PPP Loans Has Been Claimed
Many small-business owners have yet to even apply and worry that funds will run out.
2 Tax Attorneys Explain What You Need to Know About the Coronavirus Stimulus Loan
If you want to know more about the Paycheck Protection Program loan, check out this explainer made by lawyers.
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