Well, if you were wise, you probably saw this coming.Turns out … if you received a PPP loan, that the expenses you pay from the proceeds of this (forgivable) loan … are not deductible for North Georgia businesses.Ouch.The IRS just released new guidance to...
The second round of PPP funding began this Monday at 9:30AM Eastern.This funding was $322B (as opposed to the first at around $349B). The first round of $349B funded 1.6MM business.As for those who were waiting on that first round, the SBA hasn’t shared recent...
I promise that one day I’ll write to you and my North Georgia area readers about matters other than government aid, the CARES Act, PPP/EIDL, and whatnot.But as we all keep saying: these are extraordinary times. Pick your cliche — it all fits right now.But...
I’d like to simplify things for you today.There is so. much. noise. right now about how to survive (even thrive) in the midst of this very difficult season.”Pivot” they say.And yes, if you are running a business, these times call for a bit of a...
Before I get into some of what we have learned over the weekend about the SBA payroll program, I want to speak to you — business owner to business owner.To survive in this hour, you will NEED two major qualities: Clarity and Patience.The SBA payroll program...
This is a very important message, and I’d like you to read it carefully.Here at Team ASA Accounting & Tax Services, we have been walking closely with our North Georgia business owner clients (and many, many new business owners who have been reaching out) to...
