by R.L. Goodrich | Aug 24, 2021 | Businesses, Guidance, Individuals, IRS, RLG Office, Taxes
There has been a significant increase this year in fraudulent activity and scammers targeting taxpayer’s private personal, business and financial information. The IRS along with many government, state and local agencies have issued warnings to individuals and...
by R.L. Goodrich | Jan 18, 2021 | Businesses, COVID-19, News, PPP, SBA
A new round of Paycheck Protection Program (PPP) loans have been announced as part of the massive legislation that was signed into law on December 27, 2020. As with the first PPP, the loan is forgiven if spent on allowable expenses and the funds are limited. It is...
by R.L. Goodrich | Jan 14, 2021 | COVID-19, Individuals, IRS, News
We knew COVID-19 was going to have an effect on tax return processing, but we didn’t know it would still be going on. Honestly, the IRS didn’t think it would either. During the midst of the pandemic, a lot of federal offices closed, including the IRS....
by R.L. Goodrich | May 15, 2020 | COVID-19, Guidance, PPP, SBA
As many of you have started to receive funds from the Small Business Association’s (SBA) Paycheck Protection Program (PPP) loans provided by their lenders, I wanted to offer you some suggestions for tracking the use of these PPP loans. It is essential that you are...
by R.L. Goodrich | Apr 17, 2020 | COVID-19, Guidance, Individuals, IRS
This week was the one that millions of Americans have been waiting for: their stimulus payments. On April 15th 2020 people began receiving the $1,200 stimulus checks from the federal government as part of the $2.2 trillion-dollar Coronavirus Aid, Relief, and Economic...
by R.L. Goodrich | Apr 6, 2020 | Businesses, COVID-19, Individuals, Unemployment
Many of you have asked me about unemployment benefits and the recent changes due to the COVID-19 outbreak. There are several changes with most at the state level, since it is each state’s Department of Labor that controls unemployment benefits. In addition to your...
by R.L. Goodrich | Apr 3, 2020 | Businesses, COVID-19, PPP, SBA
SMALL BUSINESS PAYCHECK PROTECTION PROGRAM- STARTS TODAY The Paycheck Protection Program (PPP) provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities....
by R.L. Goodrich | Mar 30, 2020 | COVID-19, Guidance
In the last two weeks there has been a flood of new tax laws, new regulations, expanded benefits, low cost loans (some of which can be forgiven) and coming soon- stimulus checks. Details and updates on these rescue plans are released several times a day and include...
by R.L. Goodrich | Mar 27, 2020 | Businesses, COVID-19, SBA
The Small Business Administration (SBA) has issued preliminary guidelines and criteria to qualify for their Disaster Loan Assistance due to the impact of the COVID-19 pandemic. The SBA Disaster Loan Program will offer loans from the SBA that will be repaid directly to...
by R.L. Goodrich | Mar 23, 2020 | COVID-19, News
So far, as of 4:30 p.m. EST today, there has been no stimulus legislation voted on by Congress for signature by the President. Tomorrow, Tuesday March 24, we will provide updated information on the Small Business Administration (SBA) Disaster Loans and the Extended...
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