My Inland Empire Small Business Health Quiz (Part 2)

Garrett & Associates, CPABlog

Let’s start today with a couple questions I’ve been getting here at Garrett & Associates, CPA from our Inland Empire small business clients about the second round of the PPP, and some of the new provisions of the recent bill that affect businesses. If I received the first PPP, should I include this number in calculating whether I “lost 25%+” … Read More

Garrett & Associates, CPAMy Inland Empire Small Business Health Quiz (Part 2)

My Inland Empire Small Business Health Quiz (Part 1)

Garrett & Associates, CPABlog

Last week, when I wrote my message to our Inland Empire business clients, the biggest news was the second round of the PPP, and that expenses covered under the first round of it would be tax deductible. Has anything happened since then? Goodness, even just the “mere” fact that both houses of Congress are under Democrat control now, after the … Read More

Garrett & Associates, CPAMy Inland Empire Small Business Health Quiz (Part 1)

Provisions of the Second Coronavirus Relief Bill That Affect Inland Empire Small Businesses

Garrett & Associates, CPABlog

Wow, does it ever feel good to have turned the page on 2020. This first “working week” is when I finally began to feel the newness of it all. Yes, it’s “just a date” on a Gregorian calendar, but … 2021 holds great promise for our Riverside County business clients. With the potential of easing lockdowns in our future (assuming … Read More

Garrett & Associates, CPAProvisions of the Second Coronavirus Relief Bill That Affect Inland Empire Small Businesses

Ultra Last Minute Tax Moves for Inland Empire Businesses

Garrett & Associates, CPABlog

It’s going to take us many weeks to digest everything in this massive omnibus of a relief bill that the President signed on Sunday night. And with year-end barrelling at us (2021 is on FRIDAY), it’s unlikely that we will be able to make substantive action on your behalf THIS WEEK. That doesn’t mean that we aren’t already diving into … Read More

Garrett & Associates, CPAUltra Last Minute Tax Moves for Inland Empire Businesses

Ursula Garrett’s Annual Holiday Prayer

Garrett & Associates, CPABlog

Well, Congress seems to have heard the cries of the huddled masses of SMB’s around the country, and more PPP funding is (seemingly) on the way. Details aren’t finalized yet as of this writing, so I will have more to say on these matters in future weeks. Even these early signals are still very good news in my book … … Read More

Garrett & Associates, CPAUrsula Garrett’s Annual Holiday Prayer

Garrett’s Guide To Getting Tasks Done

Garrett & Associates, CPABlog

Maybe I’m writing this today because we’re very much feeling the end-of-year crunch here at Team Garrett & Associates, CPA. Really, we only have a few business days left before 2020 is in the rearview. Yes, my heart wants that to happen YESTERDAY, but my business brain wants it all. to. slow. down. Efficiency is on the brain for me. … Read More

Garrett & Associates, CPAGarrett’s Guide To Getting Tasks Done

The Cares Act, Inland Empire Business Owners, And Student Loan Repayment

Garrett & Associates, CPABlog

2021 is hurtling at us, isn’t it? May it ever come sooner. Well, except for this part: I’m here to remind you that while we can (and, often, do) do wonders with “after the fact” tax return information, the best work we can do for you and your Inland Empire business is to help you get ahead of the upcoming … Read More

Garrett & Associates, CPAThe Cares Act, Inland Empire Business Owners, And Student Loan Repayment

An Important PPP Loan Update For Inland Empire Business Owners

Garrett & Associates, CPABlog

There’s both good news (for some) and bad news (for many) as we round the corner into December. And I’m not talking about our culture, or politics, or sports, or anything like that. I’m talking about TAXES.     I’ll start with the good news. This is applicable to some of my readers only, but it is nice news for … Read More

Garrett & Associates, CPAAn Important PPP Loan Update For Inland Empire Business Owners

Ursula Garrett’s Reasons for Gratitude for 2020

Garrett & Associates, CPABlog

With all of the insanity of 2020, it seems a bit crazy (and a bit of a relief, to be frank) that we now find ourselves in Thanksgiving week in Inland Empire. I have some thoughts, which are perhaps a bit more meditative than normal, because of how this holiday works for tax accountants, especially this year. Because the personal … Read More

Garrett & Associates, CPAUrsula Garrett’s Reasons for Gratitude for 2020

8 Important Steps for Inland Empire Non-Profits Before Year-End

Garrett & Associates, CPABlog

With the increased standard deduction this past year ($12,400 single, $24,800 married filing jointly, $18,650 head of household), some smaller charities began to see a decrease in donations. This year might be worse. Yes, I hate to be the one to say these things, but I’m also privy to the books and financials for a variety of Inland Empire businesses … Read More

Garrett & Associates, CPA8 Important Steps for Inland Empire Non-Profits Before Year-End