Social Security Tax Deferral for Employees
Posted by tim at Aug
a Presidential Memorandum, effective Sept 1, 2020 Summary Employers may defer the withholding and payment of Social Security taxes from employee wages from Sept 1, 2020 through Dec 31, 2020. This deferral applies to employees earning less than $104,000 per year. This is a tax deferral, not a tax cut. However, there is some optimism […]
Category: General News
Changes to PPP (Paycheck Protection Program) Loan Forgiveness
Posted by tim at Jun
On June 5, 2020, President Trump signed H.R. 7010, which, among other things, changes the 8 week covered payroll period to 24 weeks, giving employers much more time to spend their PPP funds on payroll expenses and still have it forgiven. If you are on track to use the PPP funds in 8 weeks and […]
Category: General News
Will the forgiven PPP loan be taxable?
Posted by tim at Jun
Some questions remain about whether or not the forgiven PPP loan will be treated as taxable income. Early guidance from the IRS suggests that businesses will be required to show the forgiven amount as a reduction of expenses (payroll, rent, interest, and utilities). However, there is broad agreement that this was not the intent of […]
Category: General News
Coronavirus and Employers
Posted by tim at Mar
A note to our clients regarding Coronavirus legislation: We wish the very best to you, your families, your employees, and your businesses during this difficult time. We especially extend our support and prayers to those affected directly by the Coronavirus pandemic. Because our team works remotely from home offices, our company remains open and we […]
Category: General News
QuickBooks Training Course in Ephrata
Posted by tim at Jun
We are excited to offer a three evening QuickBooks training course in July 2019. We have partnered with Horizon Quest, who will host this course at their facilities in Ephrata, PA. Horizon Quest offers a variety of other valuable training seminars and education opportunities. The course is planned for the evenings of July 9th, 11th, […]
Category: General News
Update from CleanBooks
Posted by tim at Aug
We are excited to welcome Matthew Fisher to the CleanBooks team as a front desk/office admin. Matthew will be filling Joanna’s role while she is off for a few months on an even more important and exciting venture! Joanna and her husband, David, are expecting their first child, a baby girl, in early September. Being […]
Category: General News
Leadership coaching by CleanBooks
Posted by tim at Jan
“For those who dare to get healthy, the rewards are immeasurable!” Since 2006, as I have provided accounting and technology support to many small businesses, I have repeatedly encountered the need for support in leadership, team building, and critical decision making for small business owner and leaders. Until now, CleanBooks has only provided accounting and IT […]
Category: General News
Discount checks and deposit tickets
Posted by tim at Jan
Save on checks, deposit tickets, and other office supplies. If you print checks from QuickBooks, consider buying from Checks For Less by using our affiliate link. We receive a small kickback and their prices are still very low! Click here to order: http://www.checksforless.com/?lid=97&ac=CLEAN1 For QuickBooks users, we recommend getting the Voucher (one per page) checks with […]
Category: General News
CleanBooks Services (more than just QuickBooks…)
Posted by tim at Jan
We would like to remind you that CleanBooks provides more than just accounting support and technology services. We offer payroll services, computer and network maintenance, online backups, and more… Recently we partnered with Chris (link to article), a local leadership coach to offer our clients his valuable and unique coaching services. In the future, we […]
Category: General News
Section 179 limits unchanged!
Posted by tim at Jan
Small business owners rejoice! Section 179 limits remain at $500,000. This was a major concern to small business owners who wanted to invest in capital and equipment purchases and subsequently grow their business without stifling taxes. Contact your tax preparer to discuss how these depreciation rules may help your business.
Category: General News
