Tax Knowledge

Tax-Saving Tips - April 2021

Tax-Saving Tips - April 2021

PPP Extended—Act Fast or Miss Out

This is likely it—your last chance to obtain first- and second-draw Paycheck Protection Program (PPP) monies.

A new law, the PPP Extension Act of 2021, extends the expiration date to the later of May 31 or when the money runs out. Note the phrase “when the money runs out,” and be forewarned that this can happen within weeks. So don’t procrastinate—not even for one day.

Tax-Saving Tips

Tax-Saving Tips

New Forgiveness Rules for Past, Current, and New PPP Money

Good news: the new Paycheck Protection Program (PPP) law enacted with the stimulus package adds dollars to your pocket if you have or had PPP money.

Note that the PPP money comes to you in what appears to be a loan. We say “appears” because you typically pay back a loan.

How to make some extra money to help reach financial goals

How to make some extra money to help reach financial goals

We all have certain financial goals that should be achieved in 1, 5 or 10 years. However, this will require hard work and sacrificing take home pay. You may find a second source of income to reach your financial goals quicker. If you want to make some good money online, you need to have commitment and be open to new income opportunities.

Tax Blog Tax-Saving Tips

Tax Blog Tax-Saving Tips

New Individual Coverage HRA Allows You to Reimburse Employees for Health Insurance

The new Individual Coverage HRA (ICHRA) lets you help employees with their health care costs without fear of ACA penalties. Starting January 1, 2020, employers can offer this new ICHRA.

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