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/

Impact’21 | Alan Benjamin, CEO and founder of GigaIO

Transcript of Alan Benjamin, GigalO CEO and Founder by Alan Olsen, Host of the American Dreams Show at Impact’21: Alan Olsen: I’m visiting here today with Alan Benjamin, he’s a CEO and founder of GigaIO. Alan Benjamin: Correct. Alan Olsen: So Alan for the listeners who tell us about inspiration behind GigaIO your business vision and where you’re…

Mike Kwatinetz, Founding Partner at Azure Capital

Azure Capital | Mike Kwatinetz

Transcript of Mike Kwatinez interview by Alan Olsen, Host of the American Dreams Show:   Alan Olsen: For the listeners, can you give background on your expertise and business?   Mike Kwatinez: I’m one of the weird people in the world. So I started off and have a PhD in mathematical modeling. And then I also…

The Promise and Peril of AI | Howard Getson

Transcript of Howard Getson interview by Alan Olsen, Host of the American Dreams Show “The Promise and Peril of AI”:   Alan Olsen: I’m visiting here today with Howard Getson. Howard, welcome! Howard Getson: Hi, Alan, how are you? Alan Olsen: Good. So Howard you’ve been a guest on the show before I wanted to get a…

Mel Sauders; MVP Kids Interview

MVP Kids: Promoting Social & Emotional Learning for Children

Transcript of Mel Sauder interview by Alan Olsen, Host of the American Dreams Show “MVP Kids: Promoting Social & Emotional Learning for Children”:   Alan: My guest today is Mel Sauder. He’s the president of MVP kids. Mel, welcome to today’s show. Mel Sauder: Thank you Alan, thank you for having me Alan: So Mel, for the listener…