Bob joined LBF Group in October of 2004. Bob graduated from Western Michigan University with a Bachelor’s degree in Business Administration, majoring in Accounting and minoring in Computer Information Systems.
Bob has years of experience in corporate (profit and non-profit) and individual tax planning and preparation, financial statement preparation (personal, compilation, review and audit), and consulting for special projects including assistance with internal control and board meeting presentations.
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).