PPP Loans – How to Track Your Finances After Filing

Marci RomneyBlog

Now that you’ve wrapped up your Paycheck Protection Program (PPP) loan application, it’s time to move on to the next step. As you likely noticed, there is a precise list of approved uses for your government-granted funds, so you and your business must keep detailed records of your expenses to avoid needing to pay it all back.  Approved Uses for … Read More

The Coronavirus Aid, Relief, and Economic Security (CARES) Act

Marci RomneyBlog

As of now, the stimulus coronavirus bill includes cash totaling $301 billion per the Tax Foundation (a think tank that has modeled the proposal). However, not everyone will be receiving a check due to two significant requirements: 1- a phase-out as income increases and 2- filing an income tax return. At first glance, the plan’s provisions seem simple. Adults would … Read More

5 Tax Planning Tips

Marci RomneyBlog

Use these five tips to approach your 2019 income tax return with more confidence. Check back with us later next week, as more tips will be added soon! 1. Know if you will take the standard deduction It’s important to know whether you expect to take the standard deduction before making decisions on year-end spending that would normally generate itemized … Read More