Are you a Schedule C taxpayer with no employees? Then Uncle Sam has some good news for you. You see, the SBA has recently clarified the rules governing the Paycheck Protection Program (PPP). Simply put, these rules make clear how you can put the new loan-forgiveness rules to work for you. This means it’s easier than ever to take advantage of the PPP program. It lets … [Read more...]
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Nine Insights into PPP Loan-Forgiveness for the Self-Employed
Are you self-employed with no employees?Did you apply for a CORVID-19 Paycheck Protection Plan (PPP) loan?Did you already receive your money? Great. Now you need to know how to handle your PPP money so that you qualify for the all-important loan forgiveness! If you have questions about how to proceed legally and come out a winner, you need straight answers. That’s … [Read more...]
Self-Employed with No Employees? Get Your COVID-19 Cash Now
They say there’s no such thing as a free lunch,but there IS free money waiting for you! Here’s the story… The government knows that the COVID-19 pandemic has had a devastating effect on small businesses. That’s why the Payroll Protection Plan (PPP) was created. Almost overlooked is the fact that it is intended to grant cash to self-employed 1040 Schedule C taxpayers … [Read more...]
Making Smart Selections from the COVID-19 Tax-Relief Buffet
As you know, the government is spending trillions of dollars to help you and your small businesses stay in business. What you may not know is that you have to be very careful when choosing the right form of financial assistance. Why? Because there’s a buffet of tax-relief offerings to choose from. And some of them conflict with other federal relief measures that might … [Read more...]
COVID-19: Significant Payroll and Self-Employment Tax Relief
___________________________________________________________I hope this issue of the Tax Reduction Letter finds you and your family in good health. Warmest good wishes at this difficult time from all of us at the Bradford Tax Institute.___________________________________________________________ Are you in business for yourself? Is your business structured as an S … [Read more...]