There is no doubt in my mind that as a taxpayer, you will like to know few tax tips that will put some money back into your pocket or save you some tax dollars. These basic strategic tax tips can go a long way to put money back into your pocket. Please enjoy this journey […]


As the 2021-year winds down, here’s a quick take away or quick summary of what you need to know about the $1 trillion dollar bill that was signed into law by President Joe Biden. The game changer in the new law includes IRS information reporting requirements that will require cryptocurrency exchanges to perform intermediary Form […]

Identity Theft – How Does It Occur and What Should You Do If Your Identity Is Stolen?

What exactly is Identity Theft? Identity theft is when your personal identifying information – your name, date of birth, credit card or Social Security number – is unknowingly and wrongly used without your permission by others to commit fraud or similar crimes. Fraudsters will often commit identity theft for financial gain while causing significant loss […]

SBA Releases Revised PPP Loan Forgiveness Application and a New EZ Application

On June 17, the SBA released a revised application form and instructions that companies will use to apply for loan forgiveness. The SBA also released a new EZ application form which reduces the calculations and documentation needed. The new EZ form can be used if any one of these apply: Borrower is a self-employed individual, […]

President Signs Paycheck Protection Program Flexibility Act (PPPFA) of 2020

On Friday, the President signed the Paycheck Protection Program Flexibility Act of 2020 (“PPPFA”).  The PPPFA will provide flexibility to borrowers to maximize the benefits provided by the Paycheck Protection Program (“PPP”) established as part of the CARES Act. This Act helps bring all borrowers of the PPP loan closer to obtaining full loan forgiveness. […]

SBA Releases PPP Loan Forgiveness Application and Instructions

On May 15, the SBA released the application form and instructions that companies will use to apply for loan forgiveness. The application has four parts: PPP Loan Forgiveness Calculation Form, Schedule A, Schedule A Worksheet and an optional Borrower Demographic Information Form. The SBA also announced that additional guidance will be released in the future, […]

SBA Releases Updated Frequently Asked Questions (FAQs) for PPP Loan Program

On May 5, the SBA released updated Frequently Asked Questions (FAQs) for the PPP Loan Program. Question #40 specifically addresses the issue of employees refusing to be rehired. It states that these employees will be excluded from the loan forgiveness reduction calculation. To be excluded, the employer must have a written offer to the employee […]

Will I Receive Complete Loan Forgiveness on My PPP Loan? It’s Complicated.

This is a question that we are hearing from our clients and unfortunately, the SBA is making the forgiveness portion just as complicated as the loan process itself. Before we tackle the question…The good news is that The Senate has approved the next round of funding that includes $310 billion for the PPP program and […]

Forbes Article Highlights Financial Institutions PPP Loan Programs

Anyone who is having trouble getting a PPP loan because their bank is not participating or has stopped taking applications, a recent Forbes article highlights national and regional financial institutions PPP loan application status including institutions still accepting applications. https://www.forbes.com/sites/advisor/2020/04/09/which-banks-are-accepting-paycheck-protection-program-loan-applications/#1275e30c3720 If you have any questions, please do not hesitate to contact your Core accountant or […]