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A Big IRS Update For Columbia, MD Businesses On Using The PPP Loan Funds
Well, if you were wise, you probably saw this coming.Turns out ... if you received a PPP loan, that the expenses you pay from the proceeds of this (forgivable) loan ... are not deductible for Columbia, MD businesses.Ouch.The IRS just released new guidance to this end...
An SBA Funding Update And Four Scenarios Your Columbia, MD area Business Could Be In
The second round of PPP funding began this Monday at 9:30AM Eastern.This funding was $322B (as opposed to the first at around $349B). The first round of $349B funded 1.6MM business.As for those who were waiting on that first round, the SBA hasn't shared recent...
Solving Problems in Columbia, MD Businesses with Effective Solutions
There's this idea out there among many wannabe Columbia, MD business owners that they have to come up with the next completely fresh idea in order to have a great business. Shows like Shark Tank (which I love) go towards creating this kind of mindset -- although the...
Delayed Gratification: Staying Focused to Get Ahead (Later) in Columbia, MD
For sports fans, that was quite a run last week. The NHL crowned its champion (and the nation's capital seemed like it was one massive street party for the weekend), the rest of the NBA conceded to the Golden State Warriors, and we witnessed another Triple Crown in...
Rajiv Mahajan’s Next Steps After Settling With The IRS
Let's talk about what happens AFTER we are able to strike a deal on your behalf with the IRS. Because after all, that really is the goal here isn't it? So ... the IRS agreed that you could not pay all of your taxes back, and that a settlement was in everyone's best...
Focus Training For Folks In Columbia, MD
Now that we're into June, it really does feel like summer is here. The air conditioning kicks in, the days are hotter ... and, if you're like me, "focus" becomes something I have to set myself towards. It doesn't just "happen" -- especially when the days are hot. It...
Instilling Financial Literacy For Kids In Columbia, MD
Memorial Day weekend can often feel a little disjointed. There we are with our burgers, our pools, our picnics -- all while we are supposedly remembering the sacrifice of so many thousands who laid down their lives in the line of duty for this country, and for the...
How To Manage Money For Columbia, MD Millennials
I'll tell you what... The month of May is beginning to look a lot like December. Definitely not because it's cold out there, but with so much "end of school year" stuff happening these days, from graduation parties (ranging from pre-k "graduations" all the way up...
Rajiv Mahajan’s Three Tips For Resisting Financial Process Automation
Did you see Google's demonstration of their new virtual assistant technology, Duplex, last week? If you did, like me, probably you were both amazed ... and a little bit terrified of the implications. Essentially, Google is close to figuring out how to make it so that...
A 12-Point Financial Health Check For Columbia, MD Families And Individuals
We are now fully engaged in our tax "off season" here in Columbia, MD . But interestingly, this is where the real difference that we can make on behalf of our tax preparation clients is actually made. We're diving into the new tax legislation, and attending classes...
Four Tips For Columbia, MD Couples To Make Money and Marriage Work Together
It seems like crooks these days keep finding new ways to trick people here in Columbia, MD into giving them more money. And no, I'm not talking about Congress. Last week, for those of us in the tax professional world in Columbia, MD who are paying attention (because...
3+ Reasons Why Columbia, MD Taxpayers Might Need to File an Amended Return
Well, we did it. You did it. We made it through the tax busy season. Every year, when I shut our Columbia, MD office door on April 15th (the 17th this year -- er, the 18th, because of the IRS "issues"), I feel a huge weight lift off of my shoulders. Going home that...
