FEATURED ARTICLES & TAX TIP BLOG
Welcome to the KM&M CPAs Featured Articles & Tips Blog. Here we share tax and accounting news and tips for our clients on a regular basis. Please feel free to suggest ideas for topics you would like to see addressed, by dropping an email to kmm@kmmcpas.com. Enjoy the articles and subscribe to our newsletter for periodic email updates.
Coronavirus Assistance Checklist, May 22 update
This checklist was prepared for our clients and friends as a quick way to identify eligible programs. Please contact us for the details. Many of the details are not available yet from the government. This is not meant to be an all-inclusive summary of the extensive...
So Your PPP Loan was Approved – Here’s How to Earn Forgiveness
Thomson Reuters — If your Paycheck Protection Program (PPP) loan application was approved, congratulations! We hope it provides much needed cash during these uncertain times. Now that you have the funds, we want to point out certain steps you should take over the next...
Second round of PPP money could evaporate by end of week
From Fox Business News — In the span of one month, Congress has thrown about $600 billion at a program that provides emergency loans to small businesses battered by the coronavirus pandemic, but in the span of just a few days, the fund could once again be depleted....
Where’s your stimulus payment? Check your last AGI
From KM&M CPAs — The Washington Post reports it has found an IRS internal document showing when Stimulus Payments are coming. Use your client’s AGI from 2019 (if they have already filed a 2019 federal return) or 2018 (if they have not yet filed for 2019) to...
IRS Alert: ‘Plus $500 Push’ — nonfiliers need to claim dependents today
From the IRS — Special alert for benefit recipients who don’t file a tax return and have dependents SSA, RRB recipients with eligible children need to act by Wednesday to quickly add money to their automatic Economic Impact Payment; IRS asks for help in the ‘Plus $500...
April 2020 Newsletter from KM&M CPAs
From the KM&M Newsletter — Dear Clients and Friends, Earlier today we released KM&M's April 2020 e-newsletter. Foremost, we hope this timely information finds you, your families and your businesses healthy and safe Find a link to the full PDF version of the...
Coronavirus Assistance Checklist Update, April 14, 2020
Special Notice to Clients — This checklist was prepared for our clients and friends as a quick way to identify eligible programs. Please contact us for the details. Many of the details are not available yet from the government. This is not meant to be an all-inclusive...
Coronavirus Assistance Checklist Update April 8, 2020
Special Notice to Clients — This checklist was prepared for our clients and friends as a quick way to identify eligible programs. Please contact us for the details. Many of the details are not available yet from the government. This is not meant to be an all-inclusive...
Payroll Protection Program: Expect some difficulties
From KM&M CPAs — We have been monitoring the ongoing saga of the Payroll Protection Program. What is clear is banks are not ready for tidal wave of applications heading their way. The bank websites I visited yesterday (April 2, 2020) are not ready to accept...