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…
The Iowa Restaurant and Bar Relief Program will provide financial relief to some of the most impacted businesses during the COVID-19 pandemic, restaurants and bars. Eligible businesses must show a decrease in gross sales of at least 15% during the…
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…
Beginning January 1, 2021 the standard mileage rates are: 56 cents per mile for business miles driven (down from 57.5 cents in 2020) 16 cents per mile for medical or moving purposes (down from 17 cents in 2021) 14 cents…
DISCLAIMER: The information below is based upon the most recently proposed legislation by Congress known as the COVID Relief Bill. This bill has not yet been signed or approved by the Office of the President as of the date of…
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…
With FEMA individual assistance now declared for additional Iowa counties, we wanted to make sure we updated you on information related to storm relief for individuals AND businesses alike. Currently this applies to those located in these Iowa counties: Linn,…
This year has been just full of craziness! For many of our clients, current craziness includes the recent derecho (a new vocab. word for me!). The storm has caused significant damage and business interruption, so we have a bit of…
As the coronavirus continues to affect our country, state and communities – Iowa continues to enact varying levels of relief for farmers and businesses that are facing uncertain times. If you’ve been impacted by this recent outbreak, there are a…
The Paycheck Protection Program has provided vital funds to many of our clients during these challenging times. We’re so very grateful that we’ve been able to assist with securing these loans. Unfortunately, over the past 2 weekends the SBA has…
