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Showing posts from May, 2020

Have You Heard That There Will Be NEW Financial Assistance Coming For Farmers, According To The USDA?

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As you've probably realized by now, things are constantly changing throughout this entire COVID-19 pandemic. It's important to stay as up to date as possible on all of the information that is give and that's where our Mid-MO CPA firm comes in. In this week's blog, our Central Missouri accountants are here to point out that farmers can now get some assistance through the Coronavirus Food Assistance Program. Keep reading for a brief overview of how that will work. If you have any questions about how this may affect you as a farmer, please do not hesitate to call Wilson Toellner CPA today. We can be reached at one of our office phone numbers. We have four offices across Central Missouri and all of those phone numbers can be found on our website at www.WTCPA.com . Have You Heard That There Will Be NEW Financial Assistance Coming For Farmers, According To The USDA? Source:  https://www.usda.gov/media/press-releases/2020/05/19/usda-announces-details-direct-assistanc...

Everything You Need To Know About the PPP Forgiveness Application

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Did you know that the Small Business Administration has published the Payment Protection Plan (PPP) Loan Forgiveness Application? This is HUGE news for many small businesses across the country. If you are struggling to understand how applying for this loan forgiveness really works, then this is the blog for you! Our CPA firm in Mid-Missouri is here to share some NEW guidance with you in regard to the PPP Loan Forgiveness application, in this week's blog. If you have any questions, please do not hesitate to call our Central Missouri CPA firm today. We have four locations throughout Mid-Missouri, all of our phone numbers can be found on our website at www.WTCPA.com . Everything You Need To Know About the PPP Forgiveness Application To access the PPP Loan Forgiveness Application, visit HERE . SOURCE:  https://www.sba.gov/sites/default/files/2020-05/3245-0407%20SBA%20Form%203508%20PPP%20Forgiveness%20Application.pdf NEW Guidance About the PPP Loan Forgiveness 1. Altern...

Have You Heard That The SBA Has Provided a Safe Harbor for PPP Loans That Were Under $2 Million?

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Calling all business owners! If you have received Paycheck Protection Program or PPP funds less than $2 million, this is the blog for you. Our CPA firm in Mid-MO wants to do our best to keep you as updated as possible on information that pertains to you that the Treasury announces. As you know by now, things are changing constantly throughout this COVID-19 pandemic and our Central MO CPA firm is here to help you stay on top of that information. Keep reading this week's blog to learn more about how the SBA is now providing a safe harbor for PPP loans under $2 million. The Treasury recently released the following information in a sequence of frequently asked questions: Source:  https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf 46. Question: How will SBA review borrowers’ required good-faith certification concerning the necessity of their loan request? Answer: When submitting a PPP application, all bo...

Cash Flow Tracking – How To Do This Using The Right Apps

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The POWER of technology - this COVID-19 pandemic has practically forced everyone to rely on technology more than they ever have before, whether that means video chatting with your co-workers or sending way more instant messages than you normally would. You may have found that using this technology has actually made the process of completing some of your work-related tasks more efficient. The same can be said for your Cash Flow Tracking. If you are a business owner struggling to manage your cash flow properly, this is the blog for you. Our Mid-MO CPA firm is here to give you some information on a couple apps you can use to help track your cash flow more efficiently. If you have questions on any of this, please do not hesitate to call our accountants in Central Missouri today. We can be reached at any one of our four offices across Central Missouri. You can find our phone numbers on our website at www.WTCPA.com . Cash Flow Tracking Apps Below you will find a few examples of Cas...

Can Companies Who Have Laid Off Employees or Reduced Pay, Qualify For PPP Loan Forgiveness?

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Many companies across the nation have unfortunately had to lay off employees or reduced pay to make their financial ends meet. This leaves business owners wondering what their options are as far as how to move forward. We here at Wilson Toellner CPA believe we can all get through this together. Our Mid-MO CPA firm is here to answer one important question many business owners likely have, in this week's blog: Can Companies Who Have Laid Off Employees or Reduced Pay, Qualify For PPP Loan Forgiveness? "PPP or the Paycheck Protection Program is an SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis." Src:  https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program The short answer to the question listed above is YES, but let's dive into that a little further. According to the PPP – Fact Sheet, you have until June 30, 2020 to restore your full-time employment and salary lev...