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…
First, congratulations! Iowa, and the Midwest in general, were lucky to have a great amount of funding for eligible businesses requested and received. Many other areas of the country were not as fortunate! Now, down to the good stuff: as…
PPP is the new buzz in small business. We wanted to give you a short breakdown: PPP stands for Paycheck Protection Program. It’s setup to help businesses that are affected by the COVID-19 disaster (affected can mean many different things…
If you are a targeted small business and are experiencing a business disruption due to the COVID-19 pandemic, we encourage you to look into applying for a grant of up to $10,000 with Iowa Economic Development: https://www.iowaeconomicdevelopment.com/programDetails?pid=137&ppid=26 Businesses with no…
Iowa announced a grant package today for employers of 2-25 employees that are experiencing disruption due to the pandemic, for dollar amounts of $5k-$25k. Applications will be available tomorrow 3/24 at 8 a.m. here: Iowa Economic Development For employers that…
We’ve received many phone calls, emails, etc. from business owners as well as employees affected by COVID-19 business closures. We’re doing our best to share information as quickly as possible, and be there however we can for our clients. The…
Certain food and beverage establishments are able to claim a credit for social security and Medicare taxes paid or incurred by the employer on certain employees’ tips. The following criteria must be met to claim the credit: Have had employees…
The Social Security Administration (SSA) announced that the wage base for Social Security will increase from $132,900 to $137,700 for 2020. This is an increase of $4,800. If employers and employees exceed this wage base they will be paying an…
Notice 2019-55 released the 2019-2020 special per diem rates for those in the transportation industry to be effective as of October 1, 2019. The new meal and incidental expenses (M&IE) rates for truckers is $66 per day. This is the…
New changes are coming soon to the EFTPS passwords requirements. IRS will start requiring a 13-month expiration policy. In other words, the IRS is going to require you to change your password every 13 months. You can expect this to…
