Town of Plymouth’s “COVID-19 Daily Update” – June 29, 2020

In this week’s Monday episode (June 22, 2020) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather reported that the IRS approved some relief last week. If you were 70 1/2 in 2019 and were required to take distributions from a retirement plan like a 401(k) or IRA, the question has been what would happen if [...]

Town of Plymouth’s “COVID-19 Daily Update” – June 22, 2020

In this week’s Monday episode (June 22, 2020) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather reported that there was a lot of movement in various initiatives over the past week. The SBA finally updated their website to include the new PPP loan forgiveness application, as well as the EZ version of the application. The [...]

Town of Plymouth’s “COVID-19 Daily Update” – June 15, 2020

In this week’s Monday episode (June 15, 2020) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather reported that last Friday, 40 bipartisan senators wrote a letter to the Trump administration asking the SBA and Treasury to make the debt forgiveness process simpler for small business. The original PPP loan application is only three pages long, [...]

Town of Plymouth’s “COVID-19 Daily Update” – June 1, 2020

In this week’s Monday episode (June 1, 2020) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather reported that although there aren't many changes since last week, there are three items in the pipeline of which small businesses should be aware. Although the first round of stimulus payments hasn't yet been fully dispersed, Sen. McConnell is [...]

Town of Plymouth’s “COVID-19 Daily Update” – May 27, 2020

In this week’s Wednesday episode (May 27, 2020) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather reported that she still hasn't seen movement on fixing the issue of expenses being deductible regarding the PPP loans, which will directly impact how many taxes are owed at the end of the year. The AICPA is working hard [...]