Episode 48: Explanation of PPP Loan Forgiveness Application
Accounting Tips for Entrepreneurs
by Jeffrey Skolnick
8M ago
Many small business owners have now received proceeds from their Payroll Protection Program (PPP) loan. These individuals at now looking at how they can maximize the amount of loan that can be forgiven. This episode gives the guidance provided by the Loan application published on May 15th, 2020 ..read more
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Episode 47: How does Loan Forgiveness on PPP loans work? Currently as many questions as answers.
Accounting Tips for Entrepreneurs
by Jeffrey Skolnick
8M ago
Now that small businesses have started to receive proceeds from their Payroll Protection Program (PPP) loans, how does forgo the forgiveness portion work? In other words how can businesses avoid having to pay back the proceeds? We have some answers now, but many questions remain. This episode discusses both what we know so far and questions that must be addressed in the very near future ..read more
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Episode 46: Updates to the Paycheck Protection Program
Accounting Tips for Entrepreneurs
by Jeffrey Skolnick
8M ago
The CARES Act, the new law that passed on March 27, 2020 contained provisions to assist small businesses and individuals through the Coronavirus pandemic. The Paycheck Protection Program (PPP) was the largest small business program in the law. This episode explains the changes that have taken place since the law was adopted ..read more
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Episode 43: Most important tax changes of 2018 and 2019
Accounting Tips for Entrepreneurs
by Jeffrey Skolnick
8M ago
The a tax Cuts and Jobs Act changed many laws in 2018 and the SECURE Act both implemented new legislation as well as extended some important provisions of the law previously allowed to expired at the end of 2017. This episode explains the most pertinent aspects of these changes and extenders ..read more
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Episode 42: Tax Provisions extended and added by the SECURE Act that affect your taxes
Accounting Tips for Entrepreneurs
by Jeffrey Skolnick
8M ago
The SECURE Act passed in December of 2019 extended a number of expired provisions that help taxpayers. Additionally, provisions were added which mostly helped taxpayers. This episode explains the most important provisions ..read more
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Episode 41: How the new Secure Act of 2019 affects you and your retirement plans!
Accounting Tips for Entrepreneurs
by Jeffrey Skolnick
8M ago
In December of 2019 a new tax law was passed that has major provisions affecting retirement plans. This episode highlights the provisions most likely to affect you ..read more
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Episode 40: Not prioritizing your business tasks can wreak havoc on your business
Accounting Tips for Entrepreneurs
by Jeffrey Skolnick
8M ago
As the owner of a business, you have many facets that you are required to manage. Are you allocating you’re time properly between them? In other words, are you using your time in the most effective way possible? If not, this can wreak havoc on your business ..read more
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Episode 39: How small business owners can avoid feeling overwhelmed
Accounting Tips for Entrepreneurs
by Jeffrey Skolnick
8M ago
Most individuals open their own business because they are excited to sell their product or service. Very often they are not prepared for all of the regulations and paperwork that follow and it causes them to feel overwhelmed. This episode discusses how to alleviate the stress ..read more
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Episode 38: Is my Legal Settlement Taxable?
Accounting Tips for Entrepreneurs
by Jeffrey Skolnick
8M ago
There are a variety of legal settlements that taxpayers may receive. Some legal settlements are taxable and some are not. This episode eliminates the mystery and explains when a legal settlement is taxable income and when it is not ..read more
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Episode 37: How donating your Required Minimum Distribution to a charity can save you money!
Accounting Tips for Entrepreneurs
by Jeffrey Skolnick
8M ago
Required Minimum Distributions (RMDs) were placed into law to make taxpayers with income in retirement plans, which they have not yet paid tax on, to start taking this money and pay tax on it. This can increase your income and under the new tax law with it’s higher standard deductions an itemized deduction to a charitable organization may not yield any benefit. This episode explains a way to net your RMD with a charitable deduction ..read more
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