A.M. Services

Sharing a post from business owner, Ashley Ditty... who can relate?!

Are you wondering how to spend your EIDL? or IF you should even get one?! Here are a couple of articles on requirements. https://www.nav.com//5-reasons-you-may-want-to-reconsider/ https://www.cpabr.com//beware-that-eidl-loan-may-come-wit/

It can get complicated! https://www.kiplinger.com//t056-s001-new-w4-fo/index.html.

Are you working from home? Or are you en Employer who has employees working from home? It is my understanding that under Section 139 of the US IRC (Internal Revenue Code) (Disaster Relief Payments), "reasonable" reimbursements to Employees for their out of pocket expenses due to working from home are tax-exempt to the Employee, yet fully deductible to the Employer. Such expenses might include: costs to create a home office, such as purchasing a printer or home phone; increa...sed utility costs on account of the home office; cost of new or expanded internet access, partial cell phone use for business. This especially is important in CA, as it might even be "required"! As an Employer, it is only right to reimburse your Employees who are working from home. As an Employee, do not hesitate to request reasonable reimbursement from your Employer. Even if you already pay for things such as cell phone and internet in your home, and your costs do not increase, you are still warranted a reimbursement of part of those expenses. THIS INFORMATION IS NOT TO BE CONSTRUED AS LEGAL ADVICE; CHECK WITH YOUR HR DEPARTMENT OR LEGAL COUNCIL.

Good info and helpful links to SBA loans and other options, even for self-employed and independent contractors! https://www.forbes.com//overwhelmed-plain-talk-on-the-pa/

Some good info on Small Business Loans, working from home, etc. Check it out! https://view.mail.thehartford.com/

https://www.cnn.com//steven-mnuchin-tax-day-jul/index.html

https://www.irs.gov//treasury-irs-and-labor-announce-plan-

(132) W-2s, (176) 1099's, (5) Sales & Use Tax Returns and (19) sets of 4th Qtr and Annual Payroll Returns -- ( Not to mention the data entry and research tracking that Has to be done before 1099s can be processed) COMPLETE!! Here's to FRIDAY JANUARY 31ST.

What a nice gift I received via Fed Ex today! A Harry and David gift set, from my client's CPA, with a note saying "Thank you for all of your hard work!" It's so nice to be acknowledged especially by the CPA's who appreciate my work :)

Happy New Year! Remember, if you use mileage for a tax deduction, note your vehicle's mileage today if you haven't already!Happy New Year! Remember, if you use mileage for a tax deduction, note your vehicle's mileage today if you haven't already!