COVID – 19 Relief Status Update 04.06.20
‘Phase 4’ stimulus wish lists floated
https://newsletters.usdbriefs.com/2020/Tax/TNV/200403_2.html?elqTrackId=6e9dc0831e234fbb852445add1ad3b21&elq=f288114b18834cf9b76e2880f0d7df36&elqaid=69563&elqat=1&elqCampaignId=13246
Two-year suspension of SALT deduction cap clears House
https://newsletters.usdbriefs.com/2019/Tax/TNV/191220_1.html
Governor Newsom Signs Executive Order Providing Relief to California Small Businesses https://www.gov.ca.gov/2020/03/30/governor-newsom-signs-executive-order-providing-relief-to-california-small-businesses/
“Mark Koziel, CPA, CGMA, the AICPA’s executive vice president of firm services, added, “Based upon statements from members of Congress, it appears that the intent of the PPP was to base the salary calculation on gross wages with no adjustment for federal taxes. This ensures that payroll tax expenses are not passed on to the small businesses in need. In a program of this magnitude, it’s expected that guidance will evolve and terms will be clarified.”
https://www.aicpa.org/content/aicpa/press/pressreleases/2020/aicpa-coalition-recommends-ppp-applicants-use-gross-payroll-approach-in-calculations.html?j=269729&sfmc_sub=124900764&l=2078_HTML&u=8847730&mid=7306387&jb=612&utm_medium=email&SubscriberID=124900764&utm_source=NewsUp_A20Mar225&Site=aicpa&LinkID=8847730&utm_campaign=Newsupdate&cid=email:NewsUp_A20Mar225:Newsupdate:o+discuss+the+appropriate+method+for+calculating+Average+Monthly+Salary:aicpa&SendID=269729&utm_content=Special
Dave Ramsey, well-known author and radio financial advisor https://www.daveramsey.com/ (whom I am not endorsing, but I like his “no debt” approach) had a very strong message to listeners:
Paraphrasing: “Don’t take these loans. Don’t believe the government. They will change the rules later.” That seems harsh, but I wanted to pass that thought along.
April 5, 2020: Excellent Forbes article about the confusion in computing the amount of PPP loans:
https://www.forbes.com/sites/anthonynitti/2020/04/05/paycheck-protection-program-loans-three-things-the-sba-and-banks-need-to-agree-on-now/
Power of Innovation | Dean Sivara
Power of Innovation About Dean Sivara Dean is the Vice President of Innovation & New Businesses, in the Products & Innovation Group. The Innovation and New Businesses practice is one of SAP’s global incubation and commercialization engines, looking to capitalize on industry disruptions and building new businesses in adjacent markets. The Innovation group evaluates new…
Real Estate 101 | Sherri Stoneberger
About Sherri Stoneberger Stonberger received her foundation of work ethics. growing up on a family farm in Oklahoma. She attended college at the University of Central Oklahoma, earning a degree in human development, with a physical education minor. After graduation she became a military wife and eventually settled in the Mission, Fremont area where…
Optimizing Your App | Trevor Cornwell
About Trevor Cornwell Trevor Cornwell, Founder and CEO, appbackr inc., a Palo Alto-based Market Exchange for Apps. Appbackr helps publishers and platforms identify the rights apps to optimize revenue. Appbackr is a winner of the PayPal X Developer Challenge, an OnMobile 100 Company and an AlwaysOn 250 Company. Cornwell’s career has been spent developing and…
Intel Chief Economist | Paul Thomas
About Paul Thomas Paul Thomas is chief economist and manager of market sizing and forecasting at Intel Corporation in Santa Clara, Calif. He joined Intel in December, 2004, after working at Continental Airlines in Houston, Texas, from 1997 to 2004 and as chief economist from 2001 to 2004. Paul was senior economist at Douglas Aircraft…