Tim Stolz, CPA - Bestgate Advisors

05/25/2021

Professionals who assist with estate tax planning are going to be very busy helping clients make changes on a tight timeline if this bill picks up momentum. If you would be affected by this law you should get started with the planning now so that you have a chance to execute new documents and move assets prior to enactment.

Anyone with an estate of $3.5 million or more should think about getting in line now to talk to an estate professional, because offices everywhere are busy dealing with proposed changes to our estate and gift tax policies.

01/12/2021

With improbable Democratic wins in both Georgia Senate runoff elections, President-elect Joe Biden has an opportunity to govern with a congressional majority.

12/08/2020

Lawmakers on both sides of the aisle want to create another round of the Paycheck Protection Program (PPP) to help small businesses as coronavirus cases surge across the country, but the timing and details are still being ironed out.

08/27/2020

The economy still doesn't look great, but the stock market is hitting record highs. There's actually a good reason for that stocks are rising.

06/04/2020

The Senate passed a House bill that gives small businesses and other entities that received loans from the Paycheck Protection Program 16 additional weeks to spend the funds and qualify for full forgiveness of the loans.

05/17/2020

On Friday, the SBA released an application for borrowers of a PPP loan to request forgiveness. How does it work?

05/07/2020

Its possible the rules will change for PPP loan forgiveness based on the next bill... but how in the world can businesses plan for what to do right now without guidance??? Hopefully we get interim guidance very soon!

Some of the key proposals include lengthening the time that small businesses can spend the money and allowing them to use more for expenses like rent.

04/22/2020

The biggest item in the $484 billion measure is $322 billion in additional funding for a small-business loan program.

04/20/2020

$5,000 grant available to businesses with 3-20 employees who are located in a "distressed" zip code code.

There is a tool on the web page to check whether your zip code qualifies. Amazingly 3 of the 5 zip codes in Frederick City qualify while 2 of them don't...

Helping small employers impacted by Covid-19 with $5,000 grants

04/07/2020

There seems to be bipartisan support for adding more funds to the Payroll Protection Program... $250B

Top lawmakers said they plan to move within days to provide hundreds of billions of dollars in new funding for small-business loans, citing widespread demand for assistance from firms hit by shutdowns related to the coronavirus pandemic.

04/03/2020

Treasury has released Interim Final Rules for the Payroll Protection Program

03/28/2020

CARES creates a new Paycheck Protection Program (“PPP”) to permit small businesses, nonprofits, and individuals to obtain loans via the 7(a) Loan Program (“PPP Loans”).