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I am about to do a Schedule C for the first time ever.....as
Hi, I am about to do a Schedule C for the first time ever.....as I need a PPP loan and i am specifically required to do this for my S Corp.2 questions:1) Why am I needing to do a Schedule C now even i… read more
emc011075
emc011075
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Can a married couple apply for separate PPP loans based on
Can a married couple apply for separate PPP loans based on separate 2019 schedule C's if we formed a single member LLC in 2020?… read more
emc011075
emc011075
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Have a question regarding Employee retention credit for
have a question regarding Employee retention credit for 2020. My business qualifies for quarter 2 2020 because the the receipts were 50% less than 2019. If the wage for an employee for the quarter is … read more
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I am a single member LLC and filed an S-Corp election for
I am a single member LLC and filed an S-Corp election for 2020 but never set up payroll for myself. Instead I just kept paying my estimated taxes as an individual. Now I realize I should have been fil… read more
Lane
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I need a 2020 irs form 940 for my PPP loan application.. I
i need a 2020 irs form 940 for my PPP loan application.. I didnt file last year what do I do? … read more
Diligent Mike
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I have a S Corp and got PPP round 1 loan. To be compliant
I have a S Corp and got PPP round 1 loan. To be compliant with PPP as a self-employed with no payroll, what forms should I file for payroll so I will be in compliance with PPP and not have a personal … read more
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Owns Cafe and he submitted a PPP loan application is a sole
John owns John Cafe and he submitted a PPP loan application is a sole owner with 8 employees. Does not have PPP or EIDL.Question :what docs will John submit for calculations. 2019, schedule C, Heath i… read more
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Sheed is a owner of L & M Interior Design is a general
sheed is a owner of L & M Interior Design is a general partnership and submit a PPP loan application. L & M has 10 employees and they submit a 2019 IRS form 1065 U.S. Return of Partnership Income:… read more
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Are you able to answer questions about small business PPP
Are you able to answer questions about small business PPP related questions WV … read more
Expert
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ERC I am trying to help a client with the ERC as it applies
For Carter ERCHey- I am trying to help a client with the ERC as it applies to 2020 and am a little confused with what I have read.1. I know you have until 1/31 to submit Q4 941 to claim ERC. If it has… read more
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Also for the same client has received a PPP loan, i booked
Also for the same client has received a PPP loan, i booked as other income for financial statement purposes, but for tax purposes i understand it is not taxable. But my question is that in financial s… read more
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Does the 60% payroll portion of the PPP loan include a
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I need help filing irs form 941 for q1 2020 for an LLC that
Second opinion] i need help filing irs form 941 for q1 2020 for an LLC that doesnt pay employees. … read more
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I'm a single member LLC trying to get PPP loan. I was in
I'm a single member LLC trying to get PPP loan. I was in business before the deadline of Feb. 15th 2020 but not in operation till after Jan. 1st 2020. Every bank wants a 941 form even tho I have no em… read more
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We are applying for an CARES SBA-PPP loan. They are
We are applying for an CARES SBA-PPP loan. They are requesting either a 940, 941 or 944 form. We used 4 independent contractors in 2019 and no employees, though some of the IC's have passed the thresh… read more
R. Klein, EA
R. Klein, EA
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Do you offer phone consulting. Just looking to do a phone
Do you offer phone consulting JA: Have you talked to a tax professional about this? Customer: no? JA: Anything else you want the Accountant to know before I connect you? Customer: just looking to do a… read more
DK_CPA
DK_CPA
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I have an s Corp but my payroll was never properly set up. I
Good morning. I have an s Corp but my payroll was never properly set up. I made estimated tax payments but my form 941 was not filed for 2019. I am trying to apply for the PPP loan. How else can I sho… read more
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