Rule Change for the PPP!
In the tradition of having a major tax law change every few days during 2020, Congress has now passed the PPP Flexibility Act and the... Read More →
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Stimulus Check by Prepaid Debit Card
The Treasury recently announced that nearly four million people are being sent their Economic Impact Payment by prepaid debit card, instead of paper check. The... Read More →
California Unemployment – more benefits are coming
Increased Pandemic Unemployment Assistance (PUA) benefits The EDD recently announced that as of May 20, the EDD is now able to increase the weekly benefit... Read More →
I got PPP money and EIDL money… now what?!
When the pandemic hit, many nervous business owners applied for everything that they could to keep their businesses afloat. Now they are seeing random amounts... Read More →
Worksheet for Calculating PPP forgiveness
On May 15, 2020 the SBA released a worksheet for calculating PPP loan forgiveness. Note: this worksheet does not provide any more official guidance or definitions... Read More →
Refund of Room and Board that was paid with a 529 plan. What do I do with the money?
[UPDATED] The IRS released Notice 2020-23 which extends the deadline for returning refunds to the 529 plan for taxpayers impacted by COVID-19. For any recontribution... Read More →
Last Chance to get Direct Deposit of your Stimulus Check
If you want your stimulus check to arrive soon and by direct deposit, you need to update your information in Get My Payment by noon... Read More →
Property Tax – Relief from Penalties
If you were unable to pay your California property taxes on time due to COVID-19, you can get relief from penalties, costs, and interest between... Read More →