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Working Remotely (8/6)
In today’s video, we hand things over to Stan Kirby from Insight Digital, part of the InSolutions family.
He’ll be discussing things to consider when moving your workforce offsite or when having employees work from home.
If you’d like more information about working offsite or working with Insight Digital as your IT Partner, please call their office at 231-421-3553.
You can visit their website here: http://www.insightdigital.us.
PPP Loan Forgiveness (7/23)
In this video we’ll be discussing the Payroll Protection Program loan, and whether to apply for forgiveness now or later. If you received a PPP loan – applying for forgiveness is a necessary step. But when and how do you do that? Do you do 8 week or 24 week?
Jon discusses these questions and more in today’s video.
Career Changes, Early Retirement and the Tax Implications
Did being at home make you realize how much you love family and want to be with them more? Or as an essential worker on the front lines, are you ready to call it quits? Perhaps the new normal isn’t how you want to operate as you finish your career?
Because of COVID-19, early retirement may not be something that’s five years down the road – perhaps your thinking about it now! If there is any silver lining, this might be it. Instead of waiting until this all plays out, maybe it’s time to write the ending now.
In this webinar, Shea Petaja, with New Retirement Radio interviews Jon and Jeff on what the tax implications are now vs. later. You will hear about some deductions you will want to take advantage of yet this year and a few that perhaps you should spread out. If you’re ready to stop doing what you’ve always done, together we can help you pivot to make the change happen on your terms.
Paycheck Protection Program Flexibility Act of 2020
In this webinar we discuss changes and potential strategy shifts business owners should consider regarding the PPP Flexibility Act. The PPP Flexibility Act:
• Covers a longer period of time – 24 weeks from the date of the loan’s origination (or December 31, 2020, whichever comes earlier.) This is an increase from the original 8-week coverage period, although the 8-week covered period remains an option.
• Gives businesses more time to replace full-time equivalent employees (FTEs).
• Raises the cap on using funds for non-payroll related expenses to 40% (from 25%).
We will dive into these items and more and how it might affect your business.
Additionally, we’ll discuss ways business owners can leverage these changes to their advantage, and why some businesses may not want to wait 24 months to apply for full loan forgiveness.
Breaking Updates to the PPP Loan Forgiveness Application
The forgiveness application was released by the SBA on Friday and the application and instructions provide new guidance (and further lack of guidance) in what was asked for/spelled out. It added further complexities on some things and added additional limitations that were not previously provided. It’s time to regroup, re-evaluate PPP planning already performed and work to ensure that if your company is hoping for forgiveness it will actually take place.
FAQs From Different Perspectives
This week, we’ll be presenting how the CARES Act is impacting individuals and businesses around Northern Michigan by talking with several different staff members here and hearing impressions from their point of view.
We’ll be talking with:
- Susan Tipton – InSolutions – Office Manager
- Corrine DiPisa – InTrust CPA – Staff Accountant
- Rick Delaney – Intrust CPA – Tax Accountant
- Andrew Nichols – Integrated Payroll – Operations Manager
Things to Consider as Reopening Approaches
This week on the webinar, we’ll explore things to consider as reopening approaches, including:
• renewed demands on cash flow
• phasing in employees who are returning to work
• considerations for customer contact
Additionally we will answer some questions we’ve received regarding more specific CARES circumstances.
Please stay tuned as new videos are coming in the Invision Series.
Payroll Protection Program Loan Considerations and More
This week we will dive a little more into the Payroll Protection Program loan forgiveness considerations:
• What we know
• What we have a good idea on
• What we don’t know (but hope to get more clarification on in the coming weeks)
We’ll also touch on
• Things to consider when ramping back up / calling back employees
• Use of the low tax rates
• “Just because you can, doesn’t mean you should” regarding ability to defer RMD and ability to access retirement funds
At the end of the video we’ll answer questions we’ve been frequently asked.
Moving Forward in this New Reality.
Reality may be setting in for you. Perhaps you are feeling some fatigue as you try to figure these details out. We are now entering the implementation phase – taking what we know and taking action to move forward. This week we will discuss:
• The Unemployment process
• More detailed Paycheck Protection Program (PPP) uses
• Other updates and practical guidance
Some additional links to help with Unemployment Insurance:
It’s All In the Details &
Today Jon and Jeff discuss the Recovery Rebate Credit, how this is the week of self employed, unemployment issues and the Business Incentive roll out.
Stay tuned to the end where Jon and Jeff answer some questions from our clients.
Alphabet Soup - PPP / EIDL / ERC
Join us as we discuss the various CARES loan programs that are available for small business. We’ll make sense of the many acronyms and provide advice for what to business owners should consider when choosing the right course of action.
Payroll Protection Program (PPP), Economic Injury Disaster Loan (EIDL), Employee Retention Credit (ERC), and Payroll Tax Holiday
CARES & You – Impact of the CARES Act
Congress has passed the $2 trillion, 883-page bill, called the “CARES Act” – a stimulus package that will have direct and lasting impact on each of us.
This bill impacts individuals and businesses alike in immediate ways, so we want to make sure you know what to expect without having to read 883 pages.
This webinar addresses some of the main points of the bill that will impact you.
COVID-19 & Stay Home, Stay Safe
This Webinar is for business owners and key management individuals. Even if you are self employed or the company’s only employee, put on your “employer” hat today while watching this video. And in that context and throughout today’s discussion, one of the key principals to keep in mind – “Do what is right for the long term success of the business”.
Families First Coronavirus Response Bill
Last night Jon and Jeff held a brief webinar to discuss the potential impacts the Families First Coronavirus Response Bill might have.
Take a look and let us know if you have any questions.
We’d like to remind everyone that this is a fluid situation, subject to change. For specific advice related to your circumstances, please contact us. We’re here to help.