COVID – 19 Relief Status Update 04.06.20

The Biden Administration Corporate Tax Proposal

‘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/

TechCrunch Disrupt SF 2016- Mokloud

TechCrunch Disrupt SF 2016- Mokloud Alan: Hi, this is Alan Olsen, and I’m here today with Bal Heroor. And we are here visiting about his new company Mokloud. Welcome to today’s show. Bal: Thanks Alan. Alan: So can you tell me about the vision for your company and why you got it started? Bal: Sure, so Mokloud is an…

TechCrunch Disrupt SF 2016- Netaround

TechCrunch Disrupt SF 2016- Netaround

TechCrunch Disrupt SF 2016- Netaround Alan: Hi, this is Alan Olsen’s American Dreams and I’m here today with Yiqiu Gao and Sijia who are the co-founders of Netaround. Welcome to today’s show. Yiqiu: Hi, American Dreams. Alan: So can you tell me about your company Netaround? Yiqiu: Yeah, so we are actually autonomous social networking. Autonomous social networking means…

TechCrunch Disrupt SF 2016- Gripp

TechCrunch Disrupt SF 2016- Gripp

TechCrunch Disrupt SF 2016- Gripp Alan: Hi This is Alan Olsen. I’m here today with Calvin Henderson. He’s the CEO and Co-Founder of Gripp. Calvin Welcome to today’s show.   Calvin: Hey Alan thanks a lot   Alan: So this is really a new type of technology you got here.   Calvin: We essentially created…

TechCrunch Disrupt SF 2016 Prov

TechCrunch Disrupt SF 2016 Prov

TechCrunch Disrupt SF 2016 Prov Alan: Hi, this is Alan Olsen and I’m here today with the CEO, Toby Olshanetsky, and Alexey Sapozhnikov. They are the CEO and CTO of prooV. Welcome to today’s show. Toby: Thank you very much. Alexey: Thanks a lot. Alan: Okay, I’m gonna start with Toby. First of all, you’re…