The SBA is out of money…again.The SBA made a surprise announcement this week that they ran out of money for PPP2.Well, ran out isn’t quite accurate.They still have $14B in funding left.But $6B is earmarked for hold codes.These are basically applications with errors...
I’m a shop guy. I’ve spent my entire life in the automotive industry. Some of my earliest memories are running around my dad’s shop in diapers. I grew up in that auto body shop, working there on summer and winter breaks during high school. My first job was washing...
Your 2020 Taxes: What to Look Out for if You Took Government Aid Reducing taxes is complicated – who doesn’t cringe at the thought of tax season?! – but the 2020 tax season is shaping up to be one for the books with unprecedented challenges. Especially if you accepted...
3 Ways Your Auto Body Business Can Get Tax Credits Normally Reserved for High-Tech Companies Maybe you don’t know much about Research & Development (R&D) tax credits – though they have been around since 1981, they have been growing in popularity since 2015...
Are You Ready for the Next Market Crash? The Coronavirus Crash of 2020 took us all by surprise – many people and businesses are still recovering from the financial crisis resulting from COVID-19. With fears running rampant, we’re all wondering the same thing – when...
Three Ways to Reduce or Defer Capital Gains Taxes Capital gains are a real pain in the taxes! While capital gains are taxed differently than income, the rate at which they’re taxed ranges from 0% all the way up to 37%, depending on your personal tax situation. ...
