Monthly Archives: June 2020

RIOTS-20 Hillsborough County – Rebuild Community-Based Businesses Grant Program

  BE ON THE LOOKOUT Broken.  Burned. Vandalized. Looted.  Repair. Rebuild. Restock. Reopen. Businesses that may be on the verge of thinking about recovering from months of executive-ordered shutdowns resulting from the global pandemic are now being victimized by domestic … Continue reading

Posted in Business, General Interest | Tagged , , , , | Leave a comment

COVID-19 Employer Payroll Tax Deferral UPDATED

Updated 06/05/2020   SBA PPP Loan Forgiveness recipients, upon Paycheck Protection Program Flexibility Act becoming law, can now defer the employer share of Social Security and Medicare payroll taxes incurred through the end of the year.  Previously, SBA PPP Loan recipients … Continue reading

Posted in Accounting, Covid-19, Grants & Assistance, IRS, Payroll, Taxes | Tagged , , , , , , | Leave a comment

COVID-19 Congress Makes PPP Loan Forgiveness A Bit Easier!

Last week, on May 27, 2020 the House passed legislation, Paycheck Protection Program Flexibility Act, H.R. 7010, loosening the requirements for PPP loan forgiveness.  Yesterday, the Senate, while not in full session, unanimously consented to the House version of the … Continue reading

Posted in Accounting, Business, Business Taxes, Covid-19, General Interest, Grants & Assistance, IRS, Payroll, Taxes | Tagged , , , , , | Leave a comment

COVID-19 SBA PPP Legislative Update

Changing the PPP rules would be of great benefit across the board. Congress’ CARES Act was based on a two-month period. Congress did not anticipate or plan for many of the glitches and questions things that have unfolded since initial passage. Last week, … Continue reading

Posted in Accounting, Business, Business Taxes, Covid-19, General Interest, IRS, Taxes | Tagged , , , , , , | Leave a comment

The Disaster Preparedness Sales Tax Holiday is currently underway!

May 29 – June 4, these qualifying items will be exempt from sales tax: Any reusable ice pack selling for $10 or less. Any portable self-powered light source selling for $20 or less: Candles, flashlights, lanterns. Any gas or diesel … Continue reading

Posted in Business, General Interest, Holiday, Individual, Sales Tax, Taxes | Tagged , , , , , | Leave a comment