Ppp

CARES Act – Paycheck Protection Program Calculator

Accounting

Click here to copy the spreadsheet we are using for our clients to calculate forgiveness.  Also, here is the AICPA Guidelines. Disclaimer: This sheet is for reference only and should not be relied upon as tax, legal, or lending advice. The following is meant to be used as a preliminary tool to estimate the potential forgiveness of the PPP loan proceeds and is not meant to be used as the final calculation of loan forgiveness. We anticipate additional guidance and definitions to be forthcoming over the next few weeks and we will update accordingly. Additional guidance may have a significant

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The Ultimate Crisis Playbook

Accounting

We have been listening and we are taking action! We have worked with other accountants, investors, coaches and more to create this “playbook.” The most important thing a firm can do right now is monitor cash, make a plan, and think ahead. Download your copy of this guide and start today!

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Crowdsourced List of PPP Lenders

Accounting

Crowdsourced List of PPP Lenders Gusto “While some banks are accepting applications from their customers and/or non-customers today, other banks may delay accepting applications until Monday, April 6, or later.” CLICK HERE FOR LIST

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Why You Need a Financial Advisor Even More in Uncertain Times

Accounting

Logistis‘ wonderful CPA, Jeremy Niswonger to lay it down for you! We are living during a period of trying, uncertain times. The current outbreak of the Coronavirus disease (COVID-19), has had a significant impact on the way we go about our daily lives. From how we work, to how we live, to how we relax, no aspect of our lives has gone untouched. With a potential recession on the horizon and so much unknown about how we will move forward as a society, what does that mean for your business? Now more than ever, you will want to turn to your financial advisor

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Save money with childcare.

Accounting

Here is how you can save money by hiring childcare. Let’s face it, child care is expensive! So why not take advantage of your options to get the most out of your child care costs.  Below we discuss some quick ways you can earn tax savings on your costs of childcare. Here are some MUSTs! Typically have to be a single filer or MFJ (married filing jointly) Your reason for childcare is “to assure the individual’s (your child) well-being and protection” Total allowed expenses for one child or qualifying individual is up to $3,000 Total allowed expenses for more than

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Our Pro-tips for a Smooth 1099 Filling

Interior Design

With the IRS’s 1099 deadline behind us, here is what you should be doing to ensure filling goes smoothly next year. As many designers learned in the closing of 2018, it is challenging to track down contractors from previous work and request a W9. Our advice is to keep up throughout the year! In fact, hold your contractors’ final paycheck hostage until they submit their W9. I know this sounds tedious but you will thank us when fourth quarter rolls around and you can enjoy the holidays with your family instead of worrying about spending your break hunting down all

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CA Minimum Wages & Employment Law Changes for 2019

Interior Design, Accounting

Provided by Gusto As usual, the California legislature and various city councils had a busy year regulating the world’s fifth largest economy. Included below are both state and city minimum wage increases as well as summaries of the laws that impact the human resources function.  Beginning January 1, 2019, the following minimum hourly wages will be in effect: State—Employers with 26 or more employees: $12.00  State—Employers with 25 or fewer employees: $11.00  Belmont: $13.50  Cupertino: $15.00  El Cerrito: $15.00  Los Altos: $15.00 Mountain View: $15.65  Oakland: $13.80  Palo Alto: $15.00  Richmond: $15.00  San Diego: $12.00  San Jose: $15.00  San Mateo:

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Highlights of New Workplace Laws For CA Business Owners

Interior Design

New Workplace Laws for California (Effective January 1st, 2019) Anti-Harassment Requirements Employers may need to expand their sexual-harassment-prevention training to comply with new standards. Brown signed SB 1343, which requires businesses with five or more employees to provide sexual-harassment-prevention training to all workers by Jan. 1, 2020, and every two years thereafter. Lactation Accommodations Brown also approved AB 1976. Among other things, this bill will make California’s lactation-accommodation law consistent with federal law on the requirement that a lactation space can’t be a bathroom. Women on Boards Brown signed SB 826, which will require publicly traded California companies to appoint

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CA Employers: Be Prepared for These New Workplace Laws

Accounting

https://www.shrm.org/resourcesandtools/legal-and-compliance/state-and-local-updates/pages/california-new-workplace-laws-2019.aspx California lawmakers considered a number of workplace-related bills this session addressing sexual-harassment prevention, lactation accommodations, pay equity and more. Gov. Jerry Brown had until the end of September to sign or veto bills. Here’s what employers need to know about new laws that will take effect in 2019 and vetoed bills that may resurface. Anti-Harassment Requirements Employers may need to expand their sexual-harassment-prevention training to comply with new standards. Brown signed SB 1343, which requires businesses with five or more employees to provide sexual-harassment-prevention training to all workers by Jan. 1, 2020, and every two years thereafter. Currently, only businesses

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Designers: Need Tax Planning Advice?

Interior Design

Look no further, Peter Lang of Designer CPA specializes in tax filing and planning for interior designers Watch Peter Lang’s Webinar thru Ivy or watch his recent video clip on Instagram discussing the Top Three Things Designers Should do in November to save money on taxes and grow your business before the year’s end.  Top Three Things Designers Should do in November to Save Money The Steps Designers Should Take to Avoid Accounting Nightmares

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Sales Tax Changes Companies Must Know

Interior Design

https://www.accountingtoday.com/list/12-red-flags-that-can-trigger-an-irs-audit?mkt_tok=eyJpIjoiWVRVd1pEazBZV1V3TnpObCIsInQiOiJtWk44V29kYXZQUG1yckdZYkt1T1o1d2RrcDcyZ2FpN1pOVVlZVnFZYVAxNE1VazR2TW9yRkJoa21EV3V1TFRWeWhtSktXaVFTdUxBaHRFT1Q3QzVpWGptUXREVlpNMkppUXJTcDFqOVk0eVwvT3RRMDJHY0FnazdPRFdFbkFhK1gifQ%3D%3D   “Online retailers need to be ready no matter how the Supreme Court decides South Dakota v. Wayfair. Sales tax collection is almost certainly in their future, whether this year or next, and they should begin immediately working with the appropriate resources to identify the states already collecting sales and use taxes and whether they have any retroactive liability.” http://www.cpapracticeadvisor.com/article/12403885/the-top-3-sales-tax-changes-companies-must-know  

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12 red flags that can trigger an IRS audit

Interior Design

https://www.accountingtoday.com/list/12-red-flags-that-can-trigger-an-irs-audit?mkt_tok=eyJpIjoiWVRVd1pEazBZV1V3TnpObCIsInQiOiJtWk44V29kYXZQUG1yckdZYkt1T1o1d2RrcDcyZ2FpN1pOVVlZVnFZYVAxNE1VazR2TW9yRkJoa21EV3V1TFRWeWhtSktXaVFTdUxBaHRFT1Q3QzVpWGptUXREVlpNMkppUXJTcDFqOVk0eVwvT3RRMDJHY0FnazdPRFdFbkFhK1gifQ%3D%3D

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Gifts to Charity: Six Facts About Written Acknowledgements

Interior Design

“Taxpayers who make single donations of $250 or more to a charity must have one of the following: A separate acknowledgment from the organization for each donation of $250 or more. One acknowledgment from the organization listing the amount and date of each contribution of $250 or more.” https://www.irs.gov/newsroom/gifts-to-charity-six-facts-about-written-acknowledgements

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