Covid-19
COVID-19 and the Home Office Deduction
Roughly a third of Americans are still working from home because of the pandemic, and many mistakenly believe they qualify for the home office deduction. Here’s everything you need to know if you work remotely. Since the beginning of the COVID-19 pandemic, around a third of Americans have transitioned to working from home. This means…
Read MoreHow to Nail a 90-Day Action Plan
An action plan helps you reach both short- and long-term goals while developing foresight and flexibility Creating a 90-day action plan for your business helps set and reach clear and realistic goals. This roadmap can also narrow down your short-term objectives to prioritize focus for a set period. And an action plan will help you…
Read MoreCOVID-19 Tax Deductions That You May Qualify For
The COVID-19 pandemic has activated provisions in the Internal Revenue Code (IRC) that could make you eligible for tax benefits for certain relief payments. Learn more about IRC Section 139 and other applicable tax credits. Section 139 of the Internal Revenue Code (IRC) outlines rules and guidelines for disaster-relief payments. As COVID-19 continues to impact…
Read MoreProvident Tax-Saving Tips-COVID-19 Edition
Provident Tax-Saving Tips COVID-19 Edition 1.) COVID-19: New SBA Loans for Small Businesses The COVID-19 pandemic has upended all aspects of life around the world, including the world of business here in the U.S. If your business is struggling, you may be able to get some help from the federal Small Business Administration (SBA),…
Read MorePayroll Protection Program Tool Kit and Government Relief Resources
Payroll Protection Program Tool Kit and Government Relief Resources To help in navigating the Payroll Protection Program (PPP) Provident has developed a tool kit to assist you in learning about it’s uses, aid you in the application process, and determine the forgivable amount of the loan. To download the toolkit, please click here. The toolkit…
Read MoreCARES ACT – HOW IT IMPACTS YOU AND YOUR BUSINESS
–CARES ACT – HOW IT IMPACTS YOU AND YOUR BUSINESS– INDIVIDUALS AND FAMILIES INDIVIDUAL TAX CREDIT/REBATE All individuals who are not dependents are eligible to receive a rebate of up to $1,200 rebate ($2,400 for married filing joint taxpayers). In addition, taxpayers with children dependents qualify for up to a $500 rebate per child.…
Read More$2.2 TRILLION CORONAVIRUS STIMULUS PACKAGE – WHO AND WHEN YOU SHOULD EXPECT YOUR DIRECT PAYMENT CHECK
$2.2 TRILLION CORONAVIRUS STIMULUS PACKAGE – WHO AND WHEN YOU SHOULD EXPECT YOUR DIRECT PAYMENT CHECK Single adults with adjusted gross income up to $75,000 will get a $1,200 payment. Married couples with adjusted gross income up to $150,000 will get $2,400. Single parents who file as head of household with adjusted gross income up to $112,500 will get the full $1,200 check. Additionally, Americans…
Read MorePARTIAL HIGHLIGHTS OF CONGRESS’ $2.2 TRILLION VIRUS RELIEF PACKAGE
PARTIAL HIGHLIGHTS OF CONGRESS’ $2.2 TRILLION VIRUS RELIEF PACKAGE (As of Friday, March 27, 2020) Here is a partial list of the highlights of a roughly $2.2 trillion package to rush aid to businesses, workers and a health care system slammed by the coronavirus pandemic. The package, approved by the Senate yesterday and today by…
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