Category Archives: Uncategorized

#COVID-19 City of Saint Petersburg, FL – Fighting Chance Fund

Posted on April 10, 2020 by Carol

Updated 4/20/2020. City of Saint Petersburg, FL – Fighting Chance Fund OPEN APRIL 9, 2020 AND IS FIRST-COME, FIRST-SERVE Stroll down any Main Street, USA. Stores with closed signs. Empty storefront parking spaces. Idle exercise equipment. Uncoiffed dogs out walking. … Continue reading →

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UPDTD #COVID-19 Paycheck Protection Program (CARES) Part 1 – The Loan

Posted on April 8, 2020 by Carol

COVID-19 Paycheck Protection Program (CARES) Part 1 – The Loan UPDATED 04/08/2020 Coronavirus Aid, Relief, and Economic Security. CARES among many other things provides 349 Billion $$$ in forgivable loans used to pay employees and to a lesser extent, other … Continue reading →

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#COVID-19 Florida Small Business Emergency Bridge Loan (EBL) Program

Posted on March 30, 2020 by Carol

Florida Small Business Emergency Bridge Loan (EBL) Program Managed by: Florida Department of Economic Opportunity (DEO). Application period: March 17, 2020 through May 8, 2020. Application period is also contingent upon fund availability. Eligibility: Small business owner with two to … Continue reading →

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#COVID-19 UPDTD SBA Economic Injury Disaster Loans (EIDL)

Posted on March 30, 2020 by Carol

Updated 04/14/2020 for SBA clarification Our whole nation is a declared disaster area. Structures are still standing and the power is on. But the financial fallout is everywhere. An SBA Economic Injury Disaster Loan could provide the necessary working capital … Continue reading →

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Keeping Track…of expenses. The first of a two-part series.

Posted on March 18, 2020 by Carol

There are so many things we keep track of on a daily basis: bank balances, dogs, kids, and how much gas is in the tank.  But if you’re a business owner, you’re also tracking expenses. There’s two ways to dress … Continue reading →

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Timely Mailed = Timely Filed…Or Does It?

Posted on March 11, 2020 by Carol

Last week we introduced the Mailbox Rule. This week we tell a tale of how serious it is when “timely mailed = timely filed” meets “he said-she said”. This is a story, sad but true. Many years ago in 2005, … Continue reading →

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The Mailbox Rule

Posted on March 4, 2020 by Carol

Taxpayers mail all sorts of things other than tax returns. There are other information returns, petitions, and payments, all of which are crucially important to arrive at the IRS on time. Taxpayers use USPS, DHL, FedEx and UPS. Taxpayers drop … Continue reading →

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We Are, After All, IRS Customers

Posted on February 19, 2020 by Carol

The IRS as usual is patting its own back on how great they did customer service-wise during the 2019 tax season. The National Taxpayer Advocate (NTA) recently released its Annual Report to Congress and as is every year the reviews … Continue reading →

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Self-employed Plans – SEP IRAs and SIMPLE

Posted on February 5, 2020 by Carol

Series. Part 3 of 4. Self-employed Plans: SEP IRA and SIMPLE. We have talked about retirement vehicles: Traditional & Roth IRAs. Last week we talked about a garage they can be parked in: Employer-provided retirement plans. In this second to … Continue reading →

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Step by Step – The 2020 W-4

Posted on November 20, 2019 by Carol

Updated 12/17/19. The Tax Cuts and Jobs Act, enacted in late December of 2017, wreaked havoc on Form W-4, Employee’s Withholding Allowance Certificate. The TCJA radically changed employee withholding by doubling the standard deduction, modifying tax rates and tax brackets, … Continue reading →

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