PPP Changes & Round 2 Availability

As seems to be the ongoing trend….the Paycheck Protection Program (PPP) has changed again. Here’s what we know as of now! The Biden administration announced new rules, changing eligibility for self-employed (schedule C) businesses. PPP loans can now be based…

Beginning Farmer Tax Credit

Attention Farmers! The time is here, and the Beginning Farmer Tax Credit application is now available. If you are a beginning farmer renting from or crop sharing with someone this might be for you. Don’t wait to check it out,…

PPP Reopens the Week of January 11

The Paycheck Protection Program is reopening for applications again today. Please review the important information below outlining updates to the Paycheck Protection Program. If you would like BakerStarrett’s assistance determining eligibility and applying for a PPP loan (this is a…

Stimulus Payment Deadlines EXTENDED

The IRS has announced an extension for the deadline to register for the $1,200 stimulus payment. This is commonly referred to as the economic impact payment or EIP. The deadline is now November 21, 2020.  If you have not yet…

Why Hassle With Reconciling?

Many fiscal year ends are quickly approaching and with that, tax returns will begin to be prepared. Below are five reasons why reconciling your bank accounts is important: You always know how much cash you have available You can give…