The SBA has published its PPP Forgiveness Application (application) and with it, a little more information on how the loans can be forgiven. Here is the link to the SBA application https://www.sba.gov/document/sba-form–paycheck-protection-program-loan-forgiveness-application Here is what we know, as of today. 1. If you applied for the EIDL (Economic Injury Disaster Loan) advance and received it, you willRead more
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First, we hope everyone is safe, healthy, and entertained! Many banks are supposed to have information on submitting the SBA application for the Payroll Protection Program Loan online today for small businesses. Independent contractors and self-employed should be able to apply around April 10th. This is the link for the application, would recommend reviewing it sooner rather than later, soRead more
An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. Here’s the information on how to apply for the PPP loan. Lenders may be begin processing loan applications as soon as April 3, 2020. https://www.sba.gov/funding-programs/loans/paycheck-protection-program-pppRead more
We know you are facing challenging times in this current health crisis. The U.S. Small Business Administration is committed to help bring relief to small businesses and nonprofit organizations suffering because of the Coronavirus (COVID-19) pandemic. On March 27, 2020, President Trump signed into law the CARES Act, which provided additional assistance for small businessRead more
Keeping your business going, here is what we know so far… As we are sure you know, the CARES Act was passed on Friday. What we all need to keep in mind, is even though there are loans, grants, and various options which will be available, most of them are not ready for the application process. AsRead more
This morning Secretary, Steve Mnuchin, announced via Twitter that all taxpayers and businesses will have until July 15, 2020 to file and make payments without interest or penalties. What this means is you can relax, get your groceries, stay home with your family and be safe and healthy. If you have already given us yourRead more
In these new and tumultuous times, please know your team at Strategic Direction, Inc. are working from home to ensure your taxes, audits, and bookkeeping are done on time while we all deal with the Covid-19 Virus. As you may, or may not have heard, the California Franchise Tax Board has granted a 60-day extensionRead more
Today (March 17, 2020), U.S. Treasury Secretary Mnuchin announced the following extensions for federal income tax payments: Individuals and businesses with an April 15 filing deadline will be given an additional 90 days to pay taxes; Individuals will be able to defer up to $1 million of tax liability; and Corporations get an extension forRead more
