PPP loans and taxed expenses
The IRS issued guidance in November clarifying the tax treatment of PPP loans that have not been forgiven by the end of the year the loan was received: *…
Category: Briefs
Can I sell my products and services on Facebook Marketplace?
Four years after its quiet beginnings, Facebook Marketplace has become a major player for people buying and selling products. But is it a viable place to…
How to repay an Economic Injury Disaster Loan
Wondering how and when to pay back an Economic Injury Disaster Loan (EIDL)? You’re not alone. Administered by the federal government’s Small Business…
Small business: Check the demolition limits for riots on your insurance policies
Small business owners are finding their insurance policies have limits on the payouts for demolition of buildings torched in riots. A report by the…
How bad has 2020 been for insurance? Look at the numbers
If you live in Oregon, Washington or California, you may no longer be able to get insurance to cover damage from wildfires. Insurance losses from recent…
Business, cities can collapse under pervasive fear, writer says
Violence and fear can kill a city. Detroit still bears the scars of rioting in the 1960s that, along with other factors, turned the city from a…
PPP may be forgivable, tax exempt
PPP loans may be forgivable, tax exempt The Paycheck Protection Program loan, which gave small businesses help to pay salaries and expenses during the…
EIDL loans are not grants, taxed as loans
Economic Injury Disaster Loans to small business came in two flavors: Forgiveable loans (emergency grants) and low-interest loans. The emergency grants…
Small business responds to Covid crisis
So, now what? Their stores closed. The offices vacant. Their income limited. Small business had to answer the question of what they can do right now. And,…
Using social media to market
When you think of Facebook or Instagram, it is not immediately clear that the gargantuan is local, not just global. Every community has an online presence…