Ep. 180 • Getting your PPP grant w/ Michelle Cook, CPA
The Hair Game
Salon Republic
4.9 • 571 Ratings
🗓️ 15 February 2021
⏱️ 58 minutes
🧾️ Download transcript
Summary
Accountant Michelle Cook @smallbusinesscpa breaks down the requirements of the second PPP grant and how to apply. She also gives us lots of info & advice on the tax implications of this and any unemployment benefits received this past year.
This Week's Topics:
• The new PPP situation: what are the specifics? Who qualifies?
• Calculating what amount of money you can get
• The updated processes making it easier for you to get your loan forgiven
• Are PPP Funds taxable? Tax implications of PPP and unemployment
• Should you hire an accountant this year?
• Good options for doing your own taxes
• Good reasons why you need you file your taxes
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Transcript
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| 0:00.0 | If you had a reduction in your gross sales from any quarter in 2020 compared to that same quarter in 2019, then you're eligible to be able to apply for this. |
| 0:14.5 | Hi, I'm Christina Kregel. |
| 0:16.1 | I'm Maggie Mulhern from Modern Salon Media. |
| 0:18.3 | Hi, I'm Eric Vaughn. |
| 0:19.2 | Hello, it's on the hair best season of land. |
| 0:20.8 | This is Guy Tang and welcome to the Hair Game podcast. Hey, listener, I'm Eric Taylor. |
| 0:28.1 | It's now been three weeks since we filed our lawsuit in California Governor Newsom promptly opened |
| 0:33.7 | salons. Magic. Just like magic. Data and science. Cases continue to plummet. Of course, |
| 0:40.4 | every time there's a big event like the Lakers winning or the Dodgers winning the World Series, |
| 0:44.9 | people congregate and big crowds, or of course Thanksgiving and Christmas, those events perfectly |
| 0:51.1 | correlated with the last surgeon cases. |
| 0:54.5 | And more recently we had, of course, the Super Bowl, whether you're watching or not. |
| 0:58.8 | I'm not a, I don't watch football, but I'm very aware that, you know, millions of people |
| 1:04.4 | do. |
| 1:05.4 | I, of course, worry that people go to the parties and the private homes. |
| 1:07.9 | They don't wear masks. |
| 1:08.9 | They yell and scream right next to each other. |
| 1:10.6 | They spread a little COVID. And next thing you know, the governor shuts down salons, as if we had |
| 1:16.2 | anything to do with it. It's just so frustrating. Hopefully we don't see a spike from Super Bowl, |
| 1:20.9 | grateful that we are open right now and we're able to work safely. I want to mention the petition to bump up hairstylists in the |
| 1:31.6 | prioritization for vaccinations. If you go to the link in my Instagram bio, Love Eric Taylor, |
| 1:38.0 | on the very top, you're going to see this petition. You know, a little more hypocrisy here from our governor. He virtually singles us out in our |
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