Get Ready for 2021 Paycheck Protection Program

Category Archives: Blog

Get Ready for 2021 Paycheck Protection Program

The new funds allocated for this program will not last long. Because many of the flaws in the SBA’s forgivable PPP Loan program have been cured by the new stimulus bill, I believe this round of funding will go as … Continue reading

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Self Employed Individuals May Qualify for up to $5,110 Sick and Family Leave Pay Tax Credits

This tax credit is worth up to $5,110 can be claimed by self employed individuals. The IRS recently issued updated guidance on how self-employed individuals can cash in on this special COVID-related tax break. Eligible self-employed individuals are allowed an … Continue reading

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How Does an Employer Substantiate Eligibility for COVID-related Sick and Family Leave Credits?

Section 286 of the COVID-related Tax Relief Act of 2020 (passed by Congress on December 21, 2020 but not yet signed into law by the President) extended and expanded paid sick and family leave credits that were originally put in … Continue reading

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The Most Difficult Sentence To Understand In The Tax Code

The Most Difficult Sentence To Understand In The Tax Code Today I am going to share with my readers, Internal Revenue Code Section 509(a), which is supposed to be “legendary as the most difficult sentence to understand in the tax … Continue reading

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Get Your Social Security Estimate Online

In 2011, the Social Security Administration (SSA) stopped the previous practice of sending out annual estimates of Social Security Benefits. However, there is an online calculator on Social Security’s web site which gives users a good picture of what their … Continue reading

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