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Day: August 6, 2020

Avoid a Tax Surprise in 2020

Posted on August 6, 2020 by relanetAdmin

What is normally a reliable estimate of your taxes – the amount of money withheld from your paychecks by your employer – may be an unreliable estimate this year thanks to the current pandemic. Even worse, using the safety net of paying in what you did last year may not be practical if your financial
-> Continue reading Avoid a Tax Surprise in 2020

Tips for PPP Loan Forgiveness

Posted on August 6, 2020 by relanetAdmin

More than 70% of small businesses in America now have loan proceeds from the Paycheck Protection Program (PPP) to help retain employees during the current pandemic. The entire amount of a PPP loan is eligible to be forgiven if the funds are used for qualified expenses. Recent legislation liberalizes the terms of loan forgiveness for
-> Continue reading Tips for PPP Loan Forgiveness

New Tax Rules for 2020

Posted on August 6, 2020 by relanetAdmin

Tax rules change every year, but 2020 has seen more changes than most. There have been a lot of new laws and programs aimed at pandemic relief that you may have heard of, but there have also been some less well publicized tax law changes that you might be able to take advantage of. Here
-> Continue reading New Tax Rules for 2020

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