PPP Flexibility Act

Our country is going through a lot of turmoil and social unrest, I hope you and your family are well and staying safe during this time.  As a first generation refugee and immigrant, I understand.  I understand the problem of racism and injustice.  Let’s all hope for positive change.

So let’s talk about the PPP Flexibility Act.  There are a new set of requirements to consider and the timeframe has changed from 8 weeks to 24 weeks.  Please make sure you familiarize yourself with the latest rules.

Podcast: Play in new window | Download (Duration: 11:17 — 9.2MB)

PPP EIDL Update

I want to make sure our clients are aware of the latest news and updates on the Paycheck Protection Program and The Economic Injury Disaster Loan programs.  There are certain things you need to do during the 8 week window of time after your loan is approved. Here’s some news about the proposed second stimulus and EIDL requirements.

Podcast: Play in new window | Download (Duration: 11:15 — 9.7MB)

Financial & Budget Planning

Let’s talk a little about Financial and Budget Planning.  If you haven’t already please check out the Tax and Financial Planning Package that we create for our clients every year in your client’s portal account. Planning for the future brings up important topics like how do we prepare for future years, how do we budget in light of what we made last year, do we have enough to buy a home?, are we overspending?, do we need estate planning? and more.

Podcast: Play in new window | Download (Duration: 11:33 — 9.1MB)

PPP Additional Guidance

By now we all should be familiar with the Paycheck Protection Program.  So far the requirements for forgiveness are still the same, 75% Payroll, 25% Rent and Mortgage/Utilities. Make sure you are diligent with your substantiation because the burden of proof is on us as the business owner.  Be aware that the loan forgiveness process does take up to 5 months.  Make sure your Full Time Equivalent during the 8 week window meets the FTE that you used to qualify for the loan.  Lets get into the details of it…

Podcast: Play in new window | Download (Duration: 13:10 — 11.2MB)

Behavioral Financial Planning Intro

We don’t just do taxes at Tido Financial,we strive to provide services for all your financial needs whether they are Investments, Audits, Incorporations, Payroll, Taxes, Amendments, Wills, Business Loan Applications, Unemployment Claim filings, Financial Planning and many more.  Let’s have a conversation about your money…

Podcast: Play in new window | Download (Duration: 18:23 — 13.6MB)

EIDL Loan Info and Insight

Many of you have gotten my emails about the various programs available to help us stay afloat during these hard times. This is the program that is supposed to help businesses stay alive.  This is what we’ve seen and heard so far.

Podcast: Play in new window | Download (Duration: 16:54 — 14.0MB)

Podcast: Roadmap To Recovery

Relationships are one of the most important things of my business that I value. And my team and I are with you to prepare for the road ahead.  What do we need to plan ahead?  How do we move forward?  Times are changing and we must change the way we do things. Here are a few things to consider.

Podcast: Play in new window | Download (Duration: 15:27 — 8.3MB)

Podcast: PPP Forgiveness Worksheet Instructions

For those of us who have received the PPP Loan, there are some strategies we need to employ to qualify for forgiveness.  How do I calculate my FTE(full time equivalent)?  What is required to qualify for forgiveness? Please refer to the PPP Loan Calculator.

Podcast: Play in new window | Download (Duration: 11:19 — 8.8MB)

Podcast: PPP Forgiveness

This is not a Stimulus check; this is not Unemployment benefits. This is a Paycheck Protection Loan/Grant.  The loan forgiveness is not automatic. Please make sure you have substantiation, documents, and receipts. I will do everything I can to give you the tools for that.  To make sure we do it right.

Podcast: Play in new window | Download (Duration: 12:26 — 6.7MB)

Podcast: PUA Business Owners Independent Contractors

The PUA Program is through the California EDD and is geared towards business owners and independent contractors who otherwise don’t qualify for unemployment benefits.  Application process has just recently started and if you have not done so you can apply online at:

https://edd.ca.gov/about_edd/coronavirus-2019/pandemic-unemployment-assistance.htm

If you need help applying or locating your required forms, please call, email, or text us.

Podcast: Play in new window | Download (Duration: 7:22 — 4.0MB)