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/
Service Through Public Health | Dr. Jacob Eapen
Transcript: Alan Olsen: Can you share a little about your background? Dr. Jacob Eapen: I was born and brought up in India in a southern part of Indian, a state called Kerala. Did my undergraduate, Doctorate and did my post graduation there and moved to Africa where I was a consultant pediatrician for a…
Holding the Sun, Poems of Inspiration from the Travels of DeAnna Morgan
Interview transcript for the American Dreams Show “Holding the Sun, Poems of Inspiration from the Travels of DeAnna Morgan”: Alan Olsen: Your husband, Randal Morgan, has a documentary film degree out of Stanford, how did get involved in helping with documentaries and what role was that? DeAnna Morgan: I always was in the background with…
The Man Behind Morganstar Media | Randall Morgan
Interview transcript of Randall Morgan for the American Dreams Show, “The Man Behind Morganstar Media”: Alan Olsen: Can you tell us about your background and how you ended up working with Jane Goodall? Randall Morgan: I was a graduate student at Stanford, and had just finished my masters in documentary film, in walks Jane…
Restoring the California Dream | Lenny Mendonca
Interview transcript of Lenny Mendonca for the American Dreams Show, “Restoring the California Dream”: Alan Olsen: Can you share a little about your background? Lenny Mendonca: I went from growing up on a dairy farm in Turlock California milking cows to Harvard where I majored in economics and government. From there I went…