Right about now, there are writers and analysts already preparing the articles about why the Trump campaign failed. AND right about now, they might be doing the exact same thing in regards to the Biden campaign. Obviously, as of this writing, we have no idea what’s ACTUALLY going to happen. But my point is that if you look well enough, … Read More
Ursula Garrett’s Perspective On Proposed New Tax Policies
Oh, you thought I would tell you who I thought would win the presidential election? Nope, I’m not going there. I’m a tax professional though, and I’m not immune to conversations about proper planning for either eventuality. In my opinion, however, the BEST advice about what to do for your Inland Empire business is “wait and see”. Here’s what I … Read More
Big PPP Loan Forgiveness News For Inland Empire Businesses
You might have seen some rumors on this already, but I wanted to help make everything clear for you… A few weeks back I told you that there were some tax professional rumors circulating about “automatic PPP loan forgiveness” for loans under $150K. Remember that? Well, they did it! Except it is for even smaller loans (under $50K). And it’s … Read More
How To Approach Bigger Business Players In Inland Empire or Your Niche
Local Inland Empire business owner to local Inland Empire business owner(though you might actually be out of the area — but this still applies), I want to remind you of something that you probably already know: With the election just one month away, the world is SWIMMING in conflict and negativity. And you need to be serious and proactive about … Read More
5 Business Mistakes That Can Be Fatal by Ursula Garrett
All the political people are arguing over taxes, and my inner geek smiles. (By the way, if YOU want to argue about the tax issues, here’s a good explainer article to start with before you make big declarations about the tax issues involved.) Because I’m not really interested in arguing over these things, to be honest — at least in … Read More
Identifying Your Target Prospect by Ursula Garrett
With the business deadline (9/15) behind us, we’re in tax planning season. Though the IRS (and Congress) haven’t yet definitively made a statement about it (that we know of), here at Garrett & Associates, CPA we are operating according to the fact that the filing deadline is going to be April 15th, 2021 for 2020 taxes. But this actually has … Read More
Struggling Inland Empire Businesses Be Careful With Price Reductions
Here we are, with Q3 of 2020 in the rearview mirror, THANK GOODNESS. Only one more quarter left in this 2020 donkey — but it’s going to be an eventful one. I get asked a bunch by Inland Empire clients and friends what I think the markets will do, and the only thing I can really say is “expect the … Read More
About That PPP Forgiveness Application for Inland Empire Businesses
I have a few quick-hit things to cover today. The first of which relates to some timing issues. Labor Day is behind us (though many of my Inland Empire business owner friends and clients don’t really take time off for that). (You can’t really take a vacation in the same way when you are where the buck stops. Because, well, … Read More
Use These Financial Reports For Business Decisions By Ursula Garrett
Just in time for the weekend, the IRS issued Friday-evening guidance about the overly-hyped (at first) payroll tax “holiday”. There was initial hope that this might be a great shot-in-the-arm for Inland Empire businesses and employees, but given how the thing is structured, and the limitations of executive action (i.e. it takes a Congressional order for taxes to actually be … Read More
How Your Inland Empire Company Can Do More With Less Time
If you didn’t get a chance to do this before, would you shoot me back a quick note through the email button at the top of the page? I’d like to hear from you… How are things going for your Inland Empire business right now? I’d like to get just a few sentences about what you are working on right … Read More