288: Round 2 of Stimulus Act: What are my options?

Main Street Business

Mark J Kohler and Mat Sorensen

Tax Reform, Entrepreneurship, Business, Irs Updates, Tax Tips, Legal Compliance, Business Structure, Tax Prep, Accounting, Tax Strategies, Management, Financial Reporting, Estate Planning

2.4 • 584 Ratings

🗓️ 23 April 2020

⏱️ 90 minutes

🔗️ Recording | iTunes | RSS

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Summary

ALERT- READ FIRST! Update to Video content from New Bill: The (ERTC) Employee Retention Tax Credit now does not apply to the business owner and family members. This is terrible! So please note in the video that Mat and I discuss the option for business owners to use the ERTC and avoid the PPP if the PPP isn't big enough. Consider this more carefully if you were counting family members in the equation. However, you can still use the ERTC for 3rd party employees (not family), but this is a majo...

Transcript

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0:00.0	blog talk radio all right welcome everybody to blog talk radio with myself mark
0:08.5	Kohler and Matt Sorenson we need to do the little intro Matt I'm going to hit the
0:13.3	intro and we're going to be going live here on Facebook and YouTube at the same time
0:17.3	you ready here we go. This is fancy. Yep.
0:26.5	Broadcasting worldwide on Internet radio.
0:29.6	Refreshing takes on legal strategies.
0:32.0	Straightforward answers to difficult tax questions.
0:35.1	Independent ideas on building wealth.
0:37.7	We're good?
0:38.4	All right.
0:39.5	Welcome everybody.
0:41.6	We're going to phase this down.
0:43.1	Mark and Matt's ebooks and sign up for their weekly free newsletter.
0:46.3	All right.
0:48.7	Hey, welcome everybody to live on YouTube, live on Facebook, and we are live at on blog talk radio,
0:58.5	and we are bringing it here in all three, four forums trying to make it real.
1:07.7	So it is round two of the stimulus act. Nancy Pelosi just hit her gavel on the little woodblock.
1:14.2	I'm sure there's a cool word for that. I don't know what it is. I'm not a judge.
1:17.6	And so we were waiting to send out our newsletter. We were waiting to go live on blog talk.
1:23.2	We are now live on YouTube and Facebook. And we are taking your live questions, and we are going
1:29.4	to do our best to just make it happen and help you through this crazy, crazy time.
1:36.1	Matt Sorensen, what do you want to say?
	...

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