Business Tax Issues | Detroit Tax & Family Law Firm

Answer: January 31, 2020 – December 31, 2020. The grants are backdated to January 31, 2020 to allow those who have already applied for EIDLs to be eligible to also receive a grant.

by chelsea rebeck | Apr 1, 2020 | Business Tax Issues, COVID-19 Resources

Answer: January 31, 2020 – December 31, 2020. The grants are backdated to January 31, 2020 to allow those who have already applied for EIDLs to be eligible to also receive a grant....

Answer: Whether you’ve already received an EIDL unrelated to COVID-19 or you receive a COVID19 related EIDL and/or Emergency Grant between January 31, 2020 and June 30, 2020, you may also apply for a PPP loan. If you ultimately receive a PPP loan or refinance an EIDL into a PPP loan, any advance amount received under the Emergency Economic Injury Grant Program would be subtracted from the amount forgiven in the PPP. However, you cannot use your EIDL for the same purpose as your PPP loan. For example, if you use your EIDL to cover payroll for certain workers in April, you cannot use PPP for payroll for those same workers in April, although you could use it for payroll in March or for different workers in April.

by chelsea rebeck | Apr 1, 2020 | Business Tax Issues, COVID-19 Resources

Answer: Whether you’ve already received an EIDL unrelated to COVID-19 or you receive a COVID19 related EIDL and/or Emergency Grant between January 31, 2020 and June 30, 2020, you may also apply for a PPP loan. If you ultimately receive a PPP loan or refinance an EIDL...

Treasury Issues Guidance on PPP – https://mailchi.mp/2dbb1a58c442/treasury-issues-guidance-on-ppp

by chelsea rebeck | Apr 1, 2020 | Business Tax Issues, COVID-19 Resources

Treasury Issues Guidance on PPP – https://mailchi.mp/2dbb1a58c442/treasury-issues-guidance-on-ppp...

Blog: Small Business Administration Provisions Included in the CARES Act with Institute of Continuing Legal Education (ICLE)

by chelsea rebeck | Mar 31, 2020 | Business Tax Issues, COVID-19 Resources

Blog: Small Business Administration Provisions Included in the CARES Act with Institute of Continuing Legal Education (ICLE)...

2 quick tips for paying self-employment taxes

by friendlydesign | Nov 18, 2019 | Business Tax Issues

The joys of being self-employed include working your own hours, taking vacations anytime you want and using pajamas as your work attire. And then there is the not-so-fun side. For some, the downside of self-employment involves the complications of filing their own...

Simplifying tax time for independent contractors

by friendlydesign | Nov 18, 2019 | Business Tax Issues

Like most Michigan residents, you might not be looking forward to filing taxes. However, with the end of the year fast approaching, it is time to start thinking about gathering your paperwork and anticipating receiving your tax forms in the mail. At the law office of...

Next Entries »

Answer: January 31, 2020 – December 31, 2020. The grants are backdated to January 31, 2020 to allow those who have already applied for EIDLs to be eligible to also receive a grant.

Treasury Issues Guidance on PPP – https://mailchi.mp/2dbb1a58c442/treasury-issues-guidance-on-ppp

Blog: Small Business Administration Provisions Included in the CARES Act with Institute of Continuing Legal Education (ICLE)

2 quick tips for paying self-employment taxes

Simplifying tax time for independent contractors

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