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Flipped Lifestyle™ Podcast

FL331 - How Business Owners Can Get Their Coronavirus Stimulus Check Through the PPP (Paycheck Protection Program)

Flipped Lifestyle™ Podcast

Shane Sams

Entrepreneurship, Business

4.9575 Ratings

🗓️ 2 April 2020

⏱️ 82 minutes

🧾️ Download transcript

Summary

The CARES ACT (Coronavirus Aid, Relief, and Economic Security Act) was passed last week and small business owners will start receiving their stimulus checks soon. However this is a HUGE and confusing bill that is difficult to understand.
 
In today's show, we interview our power money team: Jessica Stafford and Marilyn Parham from Profit Hero 365 to explain what's happening with taxes and the stimulus bill!
 
Not only are Jessica and Marilyn our personal accountants and great friends, but they are also incredible entrepreneurs!
 
They own online businesses, memberships, real estate, and restaurants. They have helped hundreds of business owners in their tax company online, offline, and in ecommerce! They are our go-to source for all of our money questions.
 
In today's interview, I ask Jessica and Marilyn:
 
How will moving the deadline for filing taxes impact small business owners and entrepreneurs?
 
What is the CARES act, and how does it impact small business owners?
 
What is the PPP (Paycheck Protection Program) and how can I get a stimulus check for my business?
 
What other emergency economic relief is the government offering due to the Covid-19 pandemic?
 
Can we expect another coronavirus relief package after the current one is finished?
 
And more!
 
You owe it to your family and employees to explore all options offered by the CARES act, and the Paycheck Protection Program.
 
Listen to today's show and Jessica and Marilyn will have you up to speed on what aid is available to help your business survive and thrive during the Covid-19 outbreak!
 
 
If you have any questions, you can contact Jessica and Marilyn directly at https://profithero.com/covid19
 
This is an important discussion. Please tell any business owner, offline or off, about this episode of the Flipped Lifestyle Podcast!
 
We are praying for you, your family, and your business!
 
Shane & JocelynListen to today's show and Jessica and Marilyn will have you up to speed on what aid is available to help your business survive and thrive the Covid-19 outbreak!

If you have any questions, you can contact Jessica and Marilyn directly at https://profithero.com/covid19

This is an important discussion.  Please tell any business owner, offline or off, about this episode.

 

We are praying for you, your family, and your business!

Shane & Jocelyn

Transcript

Click on a timestamp to play from that location

0:00.0

What is going on, everybody.

0:03.0

Shane Sams here from the Flipped Lifestyle Podcast and flippedlifestyle.com.

0:08.6

And I'm super excited to bring you an interview today with My and Jocelyn's money team, our power money team,

0:16.8

Jessica Stafford and Marilyn Parham from Profithero 365.com.

0:23.6

They are our actual accounting team and bookkeeping team.

0:28.1

They have an awesome accounting firm called The Bottom Line,

0:31.6

and they have been helping us manage our money,

0:34.5

control our money, and make good decisions in our business now for almost

0:38.7

six years. They are an amazing, amazing group of people, and they are the only people we really

0:45.4

trust in these crazy times for money advice. Now, the reason Jessica and Maryland are on the show

0:52.0

today is because they are on top of this stimulus

0:56.4

package that just passed to help everybody through the COVID outbreak. And the stimulus

1:02.5

package that was just passed is really focused on business owners, entrepreneurs, small

1:07.5

businesses to help us get through these crazy times.

1:16.6

The government is asking us to stay home, to close our businesses, to do this and to do that.

1:24.3

And they have passed a stimulus package that is going to help us all maintain the DNA of our business over the next few months. And to help us help our employees, not just our W2 employees, but also our 1099 contractors and help us to keep the doors open, to keep the economy moving so that we can all ride out this crazy storm together.

1:39.0

Now, Maryland and Jessica and their team have been pouring over the legislation.

1:42.9

This is a huge bill. There's a lot to it,

1:45.9

and they are going to help us understand some of the key provisions that can help entrepreneurs

1:50.6

and business owners today. They're going to tell us about EIDL insurance, the emergency plan that's

1:55.4

going to give you instant cash if you need something to help you keep your business going.

1:59.8

They're also going to talk about the payroll protection plan,

...

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