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The SBA Has Reopened The Economic Injury Disaster Loan (EIDL) and EIDL Advance Program Portal

The SBA has reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19. SBA’s EIDL program offers long-term, low interest assistance for a small business or non-profit. These loans can provide vital economic support to help alleviate temporary loss of revenue. EIDL assistance [...]
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The Paycheck Protection Program Flexibility Act of 2020 & Nine Insights Into PPP Loan Forgiveness For The Self Employed

The Paycheck Protection Program Flexibility Act (PPPFA), was signed into law on June 5, 2020. PPPFA extends the time period allowed for businesses to spend Paycheck Protection Program (PPP) loan proceeds and allows loan forgiveness recipients to continue deferring payment of the employer share of the Social Security tax. When you are self-employed with no […]

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COVID-19 Crisis Creates Silver Lining for Roth IRA Conversion

For many, the financial fallout from the COVID-19 crisis creates a once-in-a-lifetime opportunity to do Roth conversions at an affordable tax cost and also gain insurance against future tax rate increases. Roth IRAs Have Two Big Tax Advantages Tax-Free Withdrawals Unlike withdrawals from a traditional IRA, qualified Roth IRA withdrawals are federal-income-tax-free and usually state-income-tax-free, […]

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50 States Unemployment Websites

The CARES Act makes workers who are normally not eligible for unemployment benefits (such as self-employed and gig workers) eligible for benefits, and provides expanded unemployment insurance benefits for all workers. The Act expands unemployment benefits by raising the maximum payment across the board by $600 per week. The Act also extends benefits for 13 […]

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