The SBA made it very easy for practice owners to receive an EIDL loan of up to $150k with a fixed 3.75% interest rate over a 30-year term. And a lot of practice owners decided to accept this EIDL loan. As we posted: https://www.schwartzaccountants.com/2020/05/more-info-about-eidls/, there are various pitfalls that come along with this SBA loan.… Continue reading How To Pay Off the EIDL Loan
Category: 2020 October newsletter
No Rush On Your PPP Loan Forgiveness Application
Practice owners who received the PPP loan earlier this year had 24 weeks to spend the funds on certain payroll and facility expenses to qualify for full forgiveness of that loan. For many of our clients, the 24-week Covered Period has recently ended. Did you know that you have 10 months following the end of… Continue reading No Rush On Your PPP Loan Forgiveness Application
On Extension? Your Deadline is Almost Here
For individual taxpayers who filed an extension, the deadline to submit your final 2019 tax return is Thursday, October 15. A few tips to remember: • You can file your return any time before that date. • If you’re due a refund, make sure you muse direct deposit to receive your refund. • If you… Continue reading On Extension? Your Deadline is Almost Here