Are you in Mokena, IL, Orland Park, New Lenox, and Frankfort, and surrounding areas looking for trusted tax accountants near me? At Barbee Tax Consulting LLC, we offer the best qualified public accountants who have specialized in tax services to meet your needs. We offer bookkeeping, 1095-c tax preparation, and tax consulting for the Affordable [...]
Working with a certified public accountant (CPA) when it’s time to prepare your taxes can save you a tremendous amount of stress. This is especially true if you’ve been using insurance under the Affordable Care Act, need help with 1095-c tax preparation, or have to file a schedule C. With seasoned professionals providing your tax [...]
Remitting taxes might be challenging for you if you lack knowledge in this field. However, that does not stop you from submitting tax information to the relevant authority. You can hire experts to help you in providing the needed information about the taxation process. Anyone in Frankfort IL can count on us for this help [...]
The Coronavirus has affected many of our lives during 2020. Many Americans have been concerned for both their health and financial situation. As the US government has given orders to prevent the spread of the virus, businesses have been forced to halt operations and individuals were obligated to follow stay-at-home orders. The US government provided [...]
Matters concerning taxes are crucial. For professional and satisfying tax consultant services, you must choose the fittest option. There are plenty of options and offers available, but you should only settle with a tax consultant in New Lenox after you are satisfied that they can deliver. Tax consultancy calls for extensive and highly specialized skills, [...]
October 16, 2020 Form 3508S is an SBA Form used to apply for the PPP loan forgiveness. Businesses can complete this form if they have received a PPP loan of $50,000 or less. Businesses that are eligible to complete Form 3508S are exempt from reductions in their loan forgiveness amounts. This is possible even if [...]
October 12, 2020 One of the common misconceptions concerning The Paycheck Protection Program (PPP) involves whether companies can use Form 3508EZ for their PPP loan forgiveness application. Form 3508 is an SBA Form used to apply for the PPP loan forgiveness. The 3508EZ form is a shorter version. Business owners believe that they are eligible [...]
Once a business has applied and received economic relief through the Paycheck Protection Program (PPP) the question may arise whether credit card statements count as utilities for the forgiveness application. The credit card statement itself is not eligible for PPP forgiveness, but the statement may provide evidence of eligible expenses. Pursuant to SBA Form 3508, [...]
September 23, 2020 Hold On! We understand that Paycheck Protection Program (“PPP”) forgiveness is the foremost topic for small business owners, but we encourage owners not to rush to apply for relief. The Small Business Administration (“SBA”), FAQ -August 4, 2020, Question #3, states that the deadline for submitting forgiveness application is 10 (ten) months [...]
This year, there are several outside factors that have affected the entire tax bureaucracy. Some of these have caused great consternation for wage earners, investors and businesses alike. We know that the filing date this year has changed, but it is also true that many people needed expected tax refunds in order to get through [...]