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Eligible Paycheck Protection Program expenses now deductible

The Treasury Department and the Internal Revenue Service issued guidance today allowing deductions for the payments of eligible expenses when such payments would result (or be expected to result) in the forgiveness of a loan (covered loan) under the Paycheck Protection Program (PPP). Click here for more information.

Get Ready for Taxes 2021

Washington Dec 8, 2020 – The Internal Revenue Service today encouraged taxpayers to take necessary actions in the final weeks of the year to help file federal tax returns timely and accurately in 2021. Click here for more information.

IRS PPP Loan Guidance

The IRS released two pieces of guidance relating to PPP loans.

According to Rev. Rul. 2020-27, businesses that receive PPP loans in 2020 may not deduct expenses paid with the loan funds, if they “reasonably expect” the loan to be forgiven in 2021. The revenue ruling also provides guidance if, as of the end of the 2020, the PPP loan participant has not applied for forgiveness, but intends to apply in the next taxable year.

Conversely, Rev. Proc. 2020-51 provides that if a business did not deduct expenses in 2020, and some, or all, of the loan that was expected to be forgiven, is not in fact forgiven, they may either deduct the expenses on an amended 2020 return or deduct the eligible expenses on their 2021 return if they qualify for the safe harbor.

Financial Coaching Virtual Class

What is better than FREE Knowledge!

THE class teaches you:

  • Dump debt
  • Build a monthly budget
  • Save for the future

CLICK HERE TO SIGN UP! SPACE IS LIMITED!

Click Here If You Are Ready to Win With Money?

HERE’S WHAT YOU’LL GET:

  • Accountability and encouragement with local group.
  • Necessary materials to win on your journey.
  • 1 year of FREE access to tools that work the plan with you, including EveryDollarPlus (a $99 value).
  • Newly refreshed content, including two bonus courses.

9 Lessons

Our instructional content teaches you how to win with money through the following lessons:

Lesson Title Date & Time:

1. Baby Step 1 & Budgeting Aug 25th – 6:30pm
2. Baby Step 2 Sept 1st – 6:30 PM
3. Baby Step 3 Sept 8th – 6:30 PM
4. Baby Steps 4, 5, 6, & 7 Sept 15th – 6:30 PM
5. Buyer Beware Sept 22nd – 6:30 PM
6. The Role of Insurance Sept 29th – 6:30 PM
7. Retirement Planning Oct 6th – 6:30 PM
8. Real Estate & Mortgages Oct 13th – 6:30 PM
9. Outrageous Generosity Oct 20th – 6:30 PM

Click here for more information. Space is limited.

Financial Coaching Class

What is better than FREE Knowledge and FREE Cookies!

THE class teaches you:

  • Dump debt
  • Build a monthly budget
  • Save for the future

CLICK HERE TO SIGN UP! SPACE IS LIMITED!

Click Here If You Are Ready to Win With Money?

Class is FREE Course Materials are ON SALE ONLY $99 (Regularly $129)

HERE’S WHAT YOU’LL GET:

  • Accountability and encouragement with local group.
  • Necessary materials to win on your journey.
  • 1 year of FREE access to tools that work the plan with you, including EveryDollarPlus (a $99 value).
  • Newly refreshed content, including two bonus courses.
  • Free Cookies provided by Black Tie Cookies in Dartmouth, Ma.

9 Lessons

Our instructional content teaches you how to win with money through the following lessons:

Lesson Title Date & Time:

1. Baby Step 1 & Budgeting May 20, 2020 – 5:30 PM
2. Baby Step 2 May 27, 2020 – 5:30 PM
3. Baby Step 3 Jun 03, 2020 – 5:30 PM
4. Baby Steps 4, 5, 6, & 7 Jun 10, 2020 – 5:30 PM
5. Buyer Beware Jun 17, 2020 – 5:30 PM
6. The Role of Insurance Jun 24, 2020 – 5:30 PM
7. Retirement Planning Jul 01, 2020 – 5:30 PM
8. Real Estate & Mortgages Jul 08, 2020 – 5:30 PM
9. Outrageous Generosity Jul 15, 2020 – 5:30 PM

*Must purchase course materials to attend the class. Click here for more information. Space is limited.

Thank You Black Tie Cookies!

46 Hathaway Rd. Dartmouth
https://www.blacktiecookies.com
774-206-6850

Cookies are so extraordinary it’s Black Tie only. The perfect gift for ANY occasion! Black Tie Cookies was founded in 1997. They have been featured on the Phantom Gourmet and the 2017 People’s Choice Winner at RI Food Fights Spectacular Cookie Smackdown. Products offered Gourmet Cookies, Seasonal favorites, Snack Mixes, Cookie Pops, Gift Baskets & Boxes.

Financial Coaching Class

What is better than FREE Knowledge and FREE Cookies!

THE class teaches you:

  • Dump debt
  • Build a monthly budget
  • Save for the future

CLICK HERE TO SIGN UP! SPACE IS LIMITED!

Click Here If You Are Ready to Win With Money?

Class is FREE Course Materials are ON SALE ONLY $108.99 (Regularly $129)

HERE’S WHAT YOU’LL GET:

  • Accountability and encouragement with local group.
  • Necessary materials to win on your journey.
  • 1 year of FREE access to tools that work the plan with you, including EveryDollarPlus (a $99 value).
  • Newly refreshed content, including two bonus courses.
  • Free Cookies provided by Black Tie Cookies in Dartmouth, Ma.

9 Lessons

Our instructional content teaches you how to win with money through the following lessons:

Lesson Title Date & Time:

  1. Baby Step 1 & Budgeting Sept 17, 2019 – 6:000 PM
  2. Baby Step 2 Sept 24, 2019 – 6:00 PM
  3. Baby Step 3 Oct 1, 2019 – 6:00 PM
  4. Baby Steps 4, 5, 6, & 7 Oct 8, 2019 – 6:00 PM
  5. Buyer Beware Oct 15, 2019 – 6:00 PM
  6. The Role of insurance  Oct 22, 2019 – 6:00 PM
  7. Retirement Planning Oct 29, 2019 – 6:00 PM
  8. Real Estate & Mortgages Nov 5, 2019 – 6:00 PM
  9. The Great Misunderstanding Nov 12, 2019 – 6:00 PM

*Must purchase course materials to attend the class. Click here for more information. Space is limited.

Thank You Black Tie Cookies!

46 Hathaway Rd. Dartmouth
https://www.blacktiecookies.com
774-206-6850

Cookies are so extraordinary it’s Black Tie only. The perfect gift for ANY occasion! Black Tie Cookies was founded in 1997. They have been featured on the Phantom Gourmet and the 2017 People’s Choice Winner at RI Food Fights Spectacular Cookie Smackdown. Products offered Gourmet Cookies, Seasonal favorites, Snack Mixes, Cookie Pops, Gift Baskets & Boxes.