Ed joined LBF Group in January 2002. Ed received his Bachelor of Business Administration degree from the Detroit Institute of Technology. Prior to joining LBF Group, he owned and managed his own Accounting and Tax service for over 30 years.
Ed enhances our firm with his years of experience in the accounting and tax field, while representing businesses and individuals encompassing various professions and occupations. Ed has also completed the requirements established by the Internal Revenue Service, and has been granted the Registered Tax Return Preparer Certificate by the IRS.
Many of you reading this have received, or will soon receive, the Payroll Protection Program (PPP) loan. And that’s good news. Not surprisingly, however, this distribution now shifts the focus to “what qualifies as forgiveness under this program?”
As of now if you spend at least 75% on payroll costs over an 8-week period, from the date you received the funds,...
Frequently Asked Questions
If I am applying or already received an Economic Injury Disaster Loan, is my small business eligible to participate in the Paycheck Protection Program?
Right now, your highest priority is the health of those you love and yourself. But if you have time to read about some non-medical but important matters related to the health crisis, here is a summary of IRS action already taken and federal tax legislation already enacted to ease tax compliance burdens and economic pain caused by COVID-19 (commonly referred to as Coronavirus).