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/
A Man With The Ripple Effect | Tyler Barth
This interview, “A Man With The Ripple Effect” is of Tyler Barth, Founder and Partner of Legacy House Ventures where he is an active investor supporting founders with impact-focused businesses. Legacy House Ventures’ portfolio currently includes sustainable consumer goods and services and projects focused on Edtech, upcycled healthy candy and Cleantech. Tyler has been a…
The War on Human Trafficking | Mitzi Perdue
Author, speaker, and science and health writer, Mitzi Perdue holds a BA with honors degree from Harvard University, an MPA from the George Washington University and is passionate about her work on the war on human trafficking. She is a past president of the 40,000-member American Agri-Women, and as a former syndicated columnist, her Scripps Howard…
How to Overcome Fear to Find Success
How to Overcome Fear to Find Success How to overcome fear to find success? This is the greatest hindrance to those who want to be successful in business, or simply life in general. There are plenty of excuses people can find when things don’t go right. The business world is full of failed endeavors and…
What Really Matters at Christmas
What really matters at Christmas? When I think of Christmas, the smell of fresh pine needles, the taste of creamy eggnog, and the sight of beautifully colored lights immediately spring to mind. But even as I enjoy those delightful thoughts, I know they are not what really matter at Christmas, magical as they are. What…