1-800Accountant Blog

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CARES Act: What are the 2020 Recovery Rebates?

When Congress passed the CARES Act (Coronavirus Relief, Aid, and Economic Security), it signaled a landmark piece of legislation that provides over $2 trillion in aid in response to COVID-19. The CARES Act allows businesses and individuals to receive stimulus in the forms of tax incentives, credits, deductions, and recovery rebates.  What is a Recovery Rebate? Recovery […]

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4 Things to Know About Claiming the Self-Employment Health Insurance Tax Deduction

If you own a small business or you’re otherwise self-employed, you have to take responsibility for yourself in many different ways. No one else is going to withhold taxes from your salary, so you have to make estimated tax payments for yourself. No company is going to put you on their group health insurance plan, […]

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Express Bridge Loan Pilot Program: What Should I Know?

With the coronavirus still raging through the United States, the SBA continues to accept loan applications from small businesses affected by the pandemic. Not only did the government provide additional funding to disaster loans such as the PPP and EIDLs, but there’s also still funding for the Express Bridge Loan (EBL) Pilot Program, designed to provide immediate […]

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Disaster Loan Forgiveness: How Can Businesses Spend Relief Money?

Ever since the SBA started taking loan applications due to the coronavirus pandemic, many small business owners focused solely on submitting their applications, which is entirely understandable.  However, now that loan applications are being approved and money distributed to businesses across the country, another important question should be popping into your mind: how can I […]

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COVID-19: A National and Local Guide to Financial Resources for Businesses

Small businesses across the United States are facing almost unprecedented challenges right now. The ongoing crisis around COVID-19 and the public health response required to combat it has radically changed the economic situation for many companies.  Many businesses have been forced to lay off employees or even close – at least temporarily – in the […]