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PPP Forgiveness
The Payroll Protection Program (PPP) rules—they keep a-changin’. During the past month, the Small Business Administration (SBA) issued a new set of frequently asked questions (FAQs) and a new interim final rule, which in combination create the following good...

Moving Out of State? Consider All Taxes!
If you’re considering moving to a different state, taxes in the new state may be the deciding factor—especially if you expect them to be lower. Consider All Applicable State and Local Taxes If your objective is to move to a lower-tax state, it may seem like a...

Temecula Assist – Small Business Grant Programs
The city of Temecula has authorized relief funds totaling $499,000 with $329,000 of the total funding coming from from the U.S. Department of Housing and Urban Development (HUD) and the remaining $170,000 coming from the City’s general fund. The program is intended to...

New Paycheck Protection Program (PPP) Loan Guidance
Listen in as Nicole Albrecht & Rob Britton discuss the latest guidance released about the Paycheck Protection Program (PPP) loan and how it can be used! In this video you’ll learn: • When you should start tracking and using the money • What is considered a...

“How Can I Request PPP Loan Forgiveness??” & Other PPP FAQ
How many loans can I take out under this program? Only one. What can I use these loans for? You should use the proceeds from these loans on your: Payroll costs, including benefits Interest on mortgage obligations, incurred before February 15, 2020 Rent, under...

Pandemic Unemployment Assistance (PUA)
Temecula Wine Country is a very popular tourist destination. Many self-employed business owners, gig workers and independent contractors have had business grind to a painful halt. The financial strain has been significant but traditionally folks in this category would...

Employee Retention Credit (ERC)
The Employee Retention Credit is a fully refundable credit against an employer’s payroll taxes for wages paid from March 12, 2020 through December 31, 2020. However, this is not an advance of funds so may not help cash strapped businesses. This credit is not...

EIDL vs. PPP Loan
An EIDL is a loan of up to $2 million with a maturity of up to 30 years that's designed to help carry businesses through tough times caused by a disaster, such as the COVID-19 pandemic.

Paycheck Protection Program Loans FAQ
To address borrower and lender questions concerning the implementation of the Paycheck Protection Program (PPP), the SBA and Department of the Treasury has issued this additional guidance in the form of FAQs. Of particular interest: Question #7: The CARES Act excludes...

Coronavirus Legislation Update
Wednesday night, the Senate passed the anxiously awaited relief bill aimed at providing emergency relief to individuals, businesses and institutions in order to prop up the US economy in this time or crisis. The Senate passed the legislation 96-0 and the bill now...

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