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24

PPP Loans Open January 11th

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PPP loans re-opening and important California deadlines approaching We have received many questions regarding new PPP loans and the California grant deadline. Both are addressed below. PPP loans The SBA has announced that the Paycheck Protection Program (PPP) will reopen the week of January 11. When the program reopens, the following new PPP funds will […]

25

Get ready to apply for PPP second draw loans

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Get ready to apply for PPP second draw loans(12-28-20) The President has signed the Consolidated Appropriations Act of 2021 (H.R. 133), which, among other things, authorizes a new round of Paycheck Protection Program (PPP) loans called second draw loans. This allows some borrowers to request supplemental funding on their original PPP loans. Second draw loans […]

26

New Year Nomenclature: 2021 “Soaring Eagle”

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Like many people, I enjoy a good tradition. Whether it is a grandiose tradition like the annual family vacation or a simple routine like weeknight family dinners, the “remember and repeat” activities carry much importance on celebrating the past and where we are going. One tradition that is very similar to naming a new pet, […]

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Merry Christmas For Sales Tax in California

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Merry Christmas for Sales Tax in California, Covid Style. CDTFA Announced that Returns due between December 15, 2020, and April 30, 2021, for all but the largest taxpayers, will be extended. Taxpayers reporting less than $1 million in tax on a return originally due during this time frame are not required to seek an extension from […]

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My Notes On 2021 Economic Forecast presented by Chapman University

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I recently attended an Economic Forecast presented by Chapman University via live webinar and here are my notes. You can view a recording of the presentation here https://economicforecast.chapman.edu/2020-presentation/ General Notes Presenters included James Dotti and Fadel Lawandy The Chapman economic forecast has historically been one of the most accurate predictors of economic performance for over […]

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Taxes Next Week, Next Month and Next Year

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2021 is coming, dun dun dun…. For some people that is good news, for some people that is like 4 more years of covid. Here’s some tax buzz to look out for in the coming weeks, months, years.