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/
Heidi Kuhn–Founder of Roots of Peace
Heidi Kuhn–Founder of Roots of Peace Transcript: Alan Welcome to today’s show. Can you share a little about your background with us? Introduction of Heidi Kuhn, see bio below Heidi When one looks back on the tapestry of our life, you know, it is those seeds that we have in common rather than…
Three Reasons the Fed is Lying About Inflation
Why would the US federal government purposely underreport or flat out lie about the current rate of US inflation? Below are three specific reasons given during a recent interview of Robert Zuccaro, CFA, Founder & CIO of Golden Eagle Strategies. He actually cautioned about inflation last February in an earlier interview, and published his findings…
David Checketts – The Sports Business Legend
From consultant to NBA team president and general manager to regional church leader, David Checketts has a grand story. His American dream was to pursue his love for basketball and use his life experiences to create champion teams, and champion people. Listen as he shares his story of how he was able to reach his…
Space as a Service (SPaaS) the Next Great Frontier
Monetize space? Well, yes – many believe that space as a service (SPaaS) is the next great business frontier. Taken from an article By Randy Baron, lead portfolio manager at Pinnacle Associates, Ltd. Pinnacle Associates. On Thursday February 10th, four tiny NASA-funded satellites were lost on their way to space. These small experimental devices, called cube-sats,…