About: janrogers

If you’re like many Americans, letters from your favorite charities may be appearing in your mailbox acknowledging your 2020 donations. But what happens if you haven’t received such a letter — can you still claim a deduction for the gift on your 2020 income tax return? It depends. What is required To support a charitable…

Starting on Wednesday, February 24th, only businesses with fewer than 20 employees will be allowed to apply for the current round of the Paycheck Protection Program (PPP). This restriction will stay in place for two weeks, allowing lenders to focus on getting funding to these small businesses. The application eligibility will revert to normal on…

Many people are more concerned about their 2020 tax bills right now than they are about their 2021 tax situations. That’s understandable because your 2020 individual tax return is due to be filed in less than three months (unless you file an extension). However, it’s a good idea to acquaint yourself with tax amounts that…

Does your business need a loan? Before contacting your bank, it’s important to gather all relevant financial information to prove your business is creditworthy. By anticipating information requests, you can expedite the application process and improve your chances of approval. Lenders love GAAP  U.S. Generally Accepted Accounting Principles (GAAP) is a collection of specific accounting…