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Joe Marconi

Tire Review Health Care Article, Must Read

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  • Similar Topics

    • By Mark Johnson
      Hello shop owners, there is a lot of money there to get you through COVID-19.
      Trump signed it.
      Here's what you get:
      ●     SBA Forgivable Loans Up to $10,000,000*
      ●     SBA Emergency Grant Up To $10,000*
      ●     Withdraw Retirement Penalty Free Up to $100,000*
      ●     SBA Disaster Loans Up To $2,000,000
      ●     Defer Payroll Taxes Sec 2201 To 2021/2022*
      ●     Recovery Rebates $2,400 MFJ/$1,200 Single*
      ●     Get Cash For NOLs In '18, '19, '20*
      ●     Employee Retention Credit Up To $10,000/employee*
      ●     Sick Employee Payroll Tax Credit Up To $2,000/employee/qtr
      And there is SO MUCH to consider. 
      From CNN: Trump signs historic $2 trillion stimulus after Congress passes it Friday
      Washington (CNN) - President Donald Trump signed into law Friday afternoon a historic $2 trillion stimulus package as the American public and the US economy fight the devastating spread of Covid-19.
      The far-reaching legislation stands as the largest emergency aid package in US history. It represents a massive financial injection into a struggling economy with provisions aimed at helping American workers, small businesses and industries grappling with the economic disruption.
      From Fox News: Trump signs $2T stimulus bill after House approves historic coronavirus response
      President Trump on Friday signed a more than $2 trillion legislative package to combat the coronavirus pandemic and send economic relief to workers and businesses squeezed by restrictions meant to stop the outbreak’s spread after the House of Representatives overwhelmingly approved the legislation earlier in the day.
      "I want to thank Democrats and Republicans for coming together and putting America first," Trump said during an afternoon Oval Office signing ceremony.
       
       
      For more info please call us at 1-954-324-0803 or book an appointment at https://calendly.com/markjohnsontaxplanner/45min
       

      View full article
    • By Mark Johnson
      Are you a Iowa shop owner? If you have been affected by COVID-19, have 2-25 employees and have a location in the state you can get a grant of between $5,000 and $25,000 from the Iowa Small Business Relief Grant Program. (If you are not from Iowa please tell friend from the state)   YOU MUST APPLY NOW! (Deadline is March 31, 2020)   So what information do you need?   A LOT!   ●   Most recent Income Statement ●   Revenue Loss Analysis ●   Most recent Balance Sheet ●   Payroll Schedule And Analysis ●   Funds utilization report ●   Fill out All Paperwork   You need to apply now because applications close March 31, 2020.   This is FREE money, don't let it pass.

      We are currently helping business owners to access this grant.   For more info please call us at 1954-324-0803 or book an appointment at https://calendly.com/markjohnsontaxplanner/45min
      View full article
    • By Mark Johnson
      In an effort to update the group with all the most recent developments, we are happy to inform you that on March 20, 2020 the U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees.

      This relief to employees and small and midsize businesses is provided under the Families First Coronavirus Response Act (Act), signed by President Trump on March 18, 2020. 
      The Act will help the United States combat and defeat COVID-19 by giving all American businesses with fewer than 500 employees funds to provide employees with paid leave, either for the employee's own health needs or to care for family members.
      The legislation will enable employers to keep their workers on their payrolls, while at the same time ensuring that workers are not forced to choose between their paychecks, their personal health or the public health measures needed to combat the virus.

      To learn more about how this will work or how to access up to $2M in Federal SBA disaster loans call us at 954-324-0803 or book a time in our calendar https://calendly.com/markjohnsontaxplanner/45strategysession.
       
       

      View full article
    • By Mark Johnson
      Shop owners did you hear? If you have been affected by COVID-19 you are eligible for a SBA disaster loan of up to $2M. This loan is from the Federal Government with interest an rate of 3.75% and up 30yrs payment term. It is not available in private financial institutions (banks).
       
      ALL STATES CAN NOW APPLY!   
      So what information do you need?
      A LOT!
      ●    Most recent Federal income tax returns
      ●    Personal Financial Statement
      ●    Schedule of Liabilities listing all fixed debts
      ●    You Fill out All SBA Paperwork
      ●    Year-end profit-and-loss statement and balance sheet for that tax year
      ●    A current year-to-date profit-and-loss statement
      ●    Monthly sales figures for increases in the amount of economic injury.
       
      And there may be even more!
       
      We are currently helping shop owners navigate through the applications process.
       
      For more info call us at 1954-324-0803 or book an appointment at https://calendly.com/markjohnsontaxplanner/45min

      View full article
    • By Mark Johnson
      The Accountable Plan is one of our most successful strategies and gives up to $10K in tax savings per year.

      An Accountable Plan allows employees and in your case, owner-employees to be reimbursed for business expenses paid out of pocket.
      The expenses become deductions to the business and the employee or employee-owner can be reimbursed creating non-taxable cash flow to them. 

      In order for the plan to be a “Qualified Accountable Plan” it must have the following connection points:
      ·         Business Connection
      ·         Substantiation (Expense Reports - with receipts)
      ·         No Excess Payments
      ·         Timeliness (30 - Day Rule)

      If not disbursed under an accountable plan, the payments could be considered additional wages by the IRS. For this reason, you need an accountant familiar with the accountable plan for the initial setup.

      Examples of expenses that qualify are mileage, auto, home office, travel, meals & entertainment expenses. 


      Learn more about this and other LEGAL tax saving strategies by contacting us at 1954-324-0803 or booking an appointment at https://calendly.com/markjohnsontaxplanner/45min.

       

      View full article


  • Similar Tagged Content

    • By Joe Marconi
      The Affordable Care Act (ACA) requirement that large employers (businesses with 50 or more full-time equivalent employees) must offer health insurance to full time employees beginning Jan. 1, 2014, or face a fine, has been delayed one year until Jan. 1, 2015.
       
      Read the entire article: http://www.searchautoparts.com/aftermarket-business/searchautoparts-advanstar/news-distribution/aca-employer-mandate-delayed-until-?cid=95879
       
      What are your reactions? Is this a sign that there is push back from large companies? And what about many unions that now do not support Obama Care? Will this affect us? Your thoughts?
       
       
       
       
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