Aurora Financial Services Newsletter 2020
Good News If Your PPP Loan Is for $50,000 or Less - December, 2020
As you likely know by now, the Paycheck Protection Program (PPP) loan and its forgiveness process have been an ever-changing (and often confusing) ride so far. Find out here how to navigate these rules and you may even obtain more loan forgiveness than you would have otherwise.
2020 Last-Minute Year-End General Business Income Tax Deductions - November, 2020
Your goal should be to get the IRS to owe you money. Of course, the IRS is not likely to cut you a check, but you’ll realize the cash when you pay less in taxes. Here are seven powerful business tax-deduction strategies that you can easily understand and implement before the end of 2020.
The Latest on Payroll Tax Deferral - October, 2020
If you have employees, you must withhold their share of the Social Security tax from their wages. Find out here how the Coronavirus Aid, Relief, and Economic Security (CARES) Act Tax Deferrals can work for you.
Still Time to Get $150,000 from the SBA - September, 2020
Can your business use an infusion of cash to deal with losses caused by the COVID-19 pandemic? Find out how you can still obtain a low-interest Emergency Income Disaster Loan (EIDL).
Spending the PPP Money on You and Your Employees - August, 2020
If you report your business income and expenses on Schedule C of your Form 1040, your Payroll Protection Program (PPP) loan forgiveness is straightforward. Find out here how to keep it simple.
Government Clarifies PPP Loan Forgiveness for the Self-Employed - July, 2020
We now have both the new clarity and an easy road to Paycheck Protection Program (PPP) loan forgiveness for the self-employed with no employees. Find out here the best path to PPP forgiveness.
Nine Insights into PPP Loan Forgiveness for the Self-Employed - June, 2020
When you are self-employed with no employees, the Paycheck Protection Program (PPP) is a COVID-19 gift designed to help you get through this pandemic. If you now have your PPP funds, we have identified nine insights for you.
Self-Employed with No Employees? Get Your COVID-19 Cash Now - May, 2020
If you are self-employed, you have no employees, and depending on your net profits, you could be eligible for COVID assistance. Learn more about the COVID-19 Payroll Protection Program (PPP) and how it can work for you.
COVID-19: New SBA Loans for Small Businesses - April, 2020
The COVID-19 pandemic has upended all aspects of life around the world, including the world of business here in the U.S. If your business is struggling, you may be able to get some help from the federal Small Business Administration (SBA).
Beat the Unfair $10,000 SALT Cap with a C Corporation - March, 2020
For some businesses, the C corporation could provide the best tax outcome. Find out if the C Corporation is the better option for you.
Use Your Business to Maximize Charitable Donations - February, 2020
Giving to your church, school, or other charities is a noble act no matter how you choose to give. But for the purposes of tax savings, some forms of giving are much more beneficial to you than are others. Find out the best business strategies to get the most out of your gift.
Congress Reinstates Expired Tax Provisions - January, 2020
In what has become a much too common practice, Congress resurrected the dead provisions retroactively to January 1, 2018. Find out which tax breaks came back from the dead.
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