Tag Archives: Small business

What hath the Pandemic Wrought?

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So, we’ve been talking how President Biden is going to start having the IRS begin investigating pass-through businesses and other ventures the rich use to harbor their wealth.  He is going to start to examine the net bank deposits of these firms- to see if there is any hiding of profits from the IRS.

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An ever-changing series of rules

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We have prepared scores of forgiveness applications for our clients.

“What?”,  you ask?

Remember way back in April our government worked together (now that’s not a phrase we’ve often heard over the past four years) to pass a slew of laws that would help get America back on its feet after having been decked by the coronavirus pandemic. (Since then, the House has passed several extensions and improvements; the Senate under McConnell’s leadership (sic) has practiced being an ostrich; while TheDonald and his minions have flip-flopped routinely between wanting a bill or wanting to wait until after the election.)

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55 days?

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This year has been crazy.  We’ve gone from being relatively care-free to an agonized mess.

Our annual accounting with the government should have ended a month ago- but a great percentage of us won’t finish with this task for another two months.  Which is part of the subject matter I’ll be discussing today.

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Can you be forgiven?

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There still are funds left for this PPP program.  If you haven't applied for your piece, now is the time.  (The funds won't appear for 10 days or so.) Even if you are in Northern Virginia, NYC/LI, SFO, or LAX where the quarantine won't end for two weeks yet. That goes for restaurants- because the funds will help you weather the restricted openings that should alleviate some (not all) in 8 to 10 weeks.  (My blog tomorrow will provide you further data on such scenarios.)

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Paycheck Protection Program (PPP)

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Come on!  I can’t be all pandemic, all the time.   Oh, wait, this is kind of about the pandemic situation.  So, I guess -even in the height of (a now extended) tax season, the Covid-19 situation compels a lot of my attention.

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National Small Business Week

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This week has been designated as National Small Business Week.  It would be optimum if the government agencies really tried to make it easier and better for small businesses to thrive in America.  Instead of focusing their beneficence on megafirms.  But, I digress.

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