The Internal Revenue Service (IRS) this week is informing taxpayers that they should keep their Economic Impact Payment notice with the rest of their tax records for the next filing year. Read more below from their recent news release. People who receive an Economic Impact Payment this year should keep Notice 1444, Your Economic Impact… Continue Reading

From the Journal of Accountancy: The U.S. Small Business Administration (SBA), in consultation with Treasury, released last Wednesday a revised loan forgiveness application for the Paycheck Protection Program (PPP). The SBA also unveiled a new EZ application for forgiveness of PPP loans. The applications reflect changes to the PPP made by the Paycheck Protection Flexibility… Continue Reading

News from the USDA about the Safety Net Program was released last week and we want to share that with you today. Income-over-feed margin for April triggers second payment for 2020 WASHINGTON, June 18, 2020 – The U.S. Department of Agriculture’s (USDA) Farm Service Agency (FSA) announces that Dairy Margin Coverage (DMC) safety-net signup for… Continue Reading

You might be one of the 10,000 businesses per day being offered your final EIDL terms. We want you to remember that you are not required to take out the loan simply because you were approved. The power of choice is still yours. Rest assured the [up to] $10,000 loan advance you received after your… Continue Reading

The SBA is once again accepting applications for ag, non-ag businesses, and certain non-profits, as of June 15th for the Economic Injury Disaster Loans (EIDL). The program designed to help businesses through the COVID-19 pandemic had only allowed agricultural businesses to apply over the last 6 weeks. This left some out in the cold. Early… Continue Reading

PPP and the Senate’s Success! In the latest news of PPP happenings, the Senate passed HB 7010 with a whole lot of goodies for borrowers on its way to the President’s desk. Extended Window of Reporting Borrowers who have already taken out their loan will now have the option to elect 8 or 24 weeks… Continue Reading