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 [...]
August 12, 2020 Our nation has been rattled with uncertainty – from mass school closings to stay-at-home orders. Long gone are the days where going to the bank or the grocery store without a mask is permitted. Infections and death tolls are on the rise, and Americans are afraid for their safety. With these uncertainties, [...]
Whether you own a business or are getting ready to start one, you may wonder whether you need to enlist the services of a certified public accountant (CPA) or when. Hiring a CPA in New Lenox IL is beneficial for various reasons and you can hire the professional on a part-time or full-time basis. Here [...]
On March 20, 2020, the IRS issued Notice 2020-18 announcing that federal income tax payments and payments due on April 15th may be deferred until July 15th. Many states are expected to follow suit with the IRS, but as of March 20, 2020, many have not, including Illinois. The AICPA is keeping track of state [...]
Many people around the world file tax information annually. Coming up with taxation details is not easy. It would help if you had experts to handle this task for you. People who reside in Mokena and adjacent areas consider our company as the most reliable to help them in filing taxation details. Over the years, [...]
Every adult citizen must file their taxes yearly. This action is important because it helps in keeping the country up and running. The process is tedious and frustrating especially if you do not know how to go about it. This is where Barbee Tax Consulting, LLC comes in, we relieve you of the stress that [...]
Many consumers are supplementing their primary incomes with part-time work as contractors or small business owners. As a result, it is becoming increasingly more difficult for the average individual to prepare and manage yearly taxes without professional help. Following are several ways in which a certified public accountant in New Lenox can give you both [...]
As the owner of a small or micro-sized business, you may be accustomed to handling your accounting issues on your own. As your company evolves and expands, however, this is definitely an aspect of your operations that you’ll want to outsource. There’s a surprising number of ways in which a personal accountant in Mokena can [...]