FAMILIES FIRST CORONAVIRUS RESPONSE ACT – Tax Credit 2 of 4
The "Act" provides a refundable income tax credit for sick leave of a self-employed person for qualified Sick Leave. The credit first reduces a self-employed individual’s income tax liability and any...
View ArticleIRA Penalty-Free Distributions
the penalty tax will not apply to up to $100,000 of coronavirus-related distributions during 2020. The post IRA Penalty-Free Distributions appeared first on Hoyle CPA, PLLC | Business Accounting &...
View Article12 Days Remaining
Small businesses have 12 days from the time of this post to submit an application. If you have “thought about it,” but not yet taken action, call a trusted advisor. Discuss the reasons for your...
View ArticleThe Self-employed Sick Leave Credit
The Families First Coronavirus Response Act, the "Act," provides a refundable income tax credit for sick leave of a self-employed person The post The Self-employed Sick Leave Credit appeared first on...
View ArticleREQUIRED PAID FAMILY LEAVE
Generally, the first 10 days of leave can be unpaid and then paid leave is required, pegged to the employee’s pay rate and pay hours. The post REQUIRED PAID FAMILY LEAVE appeared first on Hoyle CPA,...
View ArticleCARES Act Lending
companies have already used up their PPP Proceeds but are still needing additional working capital due to the delay in being able to open back up. The post CARES Act Lending appeared first on Hoyle...
View ArticleEconomic Injury Disaster Loans
If your business is struggling, you may be able to get some help from the federal Small Business Administration (SBA), which is authorized to provide loans to small businesses on an as-needed basis....
View ArticleSelf-Employed Family Leave Credit
The self-employed person can receive an income tax credit of $200 per day, up to a maximum of $10,000. The post Self-Employed Family Leave Credit appeared first on Hoyle CPA, PLLC | Business Accounting...
View ArticleNC Virtual Schooling Assistance
Even if you did not file a return, but are eligible, you may apply by October 15, 2020 for the $335 NC Grant The post NC Virtual Schooling Assistance appeared first on Hoyle CPA, PLLC | Business...
View ArticlePPP2 Loans
The CAA, 2021 permits certain smaller businesses who received a PPP loan and experienced a 25% reduction in gross receipts to take a PPP2 Loan of up to $2 million. The post PPP2 Loans appeared first on...
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