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I highly recommend John Dillard for CPA work.

I highly recommend John Dillard for CPA work. I highly recommend John Dillard for CPA work. I have known John for over 15 years, and got to know him through our church mission trips. I started using John 6 years ago for my own business, after a wrote my business exit plan and realized I needed some tax counsel. He met with my personal financial advisor and I together, to make sure we were all on the same page. Early on John made several astute observations, like recommending that I raise my labor rates that proved to be immensely beneficial. John has done both my corporate and personal tax preparations since then. I continue to be amazed at his quick responses and thoughtful answers to my questions. Admittedly, I must read his responses multiple times to gleam the wisdom he provides. This year he again drilled down into my business financials and recommended that I change the metrics used to measure success. I soon realized he had again provided substantially impactful counsel.

-Eddie Landry @ Landry Luxury Luxury Electronics

PPP Rule Refinements & SBA Issues New EZ Forgiveness Application.

Attached is a link to an article detailing PPP Rule Refinements & SBA Issues New EZ Forgiveness Application.

Some of the highlights of recent changes to the PPP Program as I understand them are:

You may elect to report either under the original 8 week or an extended 24 week reporting period if you received your PPP loan prior to June 5.

Under 8 week reporting maximum salary which can be forgiven is $15,385 (100K annual salary divided by 52 weeks a year times 8 week reporting period).

Under 24 week reporting maximum salary which can be forgiven for an owner is $20,833 and for other employees $46,154 (100K annual salary divided by 52 weeks a year times 24 week reporting period). Loans June 5 or later are required to use the 24 week reporting period.

Owners Medical Insurance paid by the company is not able to forgiven.

Payroll costs (including salaries, state unemployment & portion of medical insurance paid for by company) were originally required to be 75% of total forgiveness amount. Rate is now reduced to 60% (Called the Payroll Cost Rule).

PPP loans after June 5 are no set to repay any unforgiven amounts over five years. Loans prior to that date are two years.  Interest rate remains at 1%.

Business owners can apply for forgiveness anytime they are ready and if qualify under salaries and FTE safe harbors (do not have to wait until December 31 to submit your application).

You can use the EZ PPP Forgiveness Application if any of the three items below apply:

Self Employed with no employees or S Corporation with yourself as sole employee.

You had employees but did not reduce salaries/wages during the covered period by more than 25% and did not reduce the number of hours worked by employees.

You had employees but did not reduce salaries/wages during the covered period by more than 25% and due to sheltering in place not able to operate at same level of business that existed before February 15, 2020.

Be safe!

https://www.entrepreneur.com/amphtml/352104

Trump signs PPP reform bill loosening restrictions on small business loan recipients

Trump signs PPP reform bill loosening restrictions on small business loan recipients

https://www.foxbusiness.com/politics/trump-ppp-reform-bill-restrictions-small-business-loan-recipients

Attached is an early release of the Paycheck Protection Program Loan Forgiveness Application for your Review.

Attached is an early release of the Paycheck Protection Program Loan Forgiveness Application for your Review.

Be sure you are tracking all of the information which will be needed to process your Forgiveness Application Request

https://home.treasury.gov/system/files/136/3245-0407-SBA-Form-3508-PPP-Forgiveness-Application.pdf

His CPA Included in….A CPA’s Ultimate Guide to the Best Accounting Niches by Industry

His CPA Included in….A CPA’s Ultimate Guide to the Best Accounting Niches by Industry

A CPA’s Ultimate Guide to the Best Accounting Niches by Industry

“Thank you very much for your excellent service over the past decade”

“Thank you very much for your excellent service over the past decade.  It has been comforting to know I have your expertise on my team.” — Another awesome friend and client

Producing 5.568 MILLION Dollars of Revenue Since Owning My Own Business and GROWING.

As a CPA = Producing 5.568 MILLION Dollars of Revenue Since Owning My Own Business and GROWING.

Is it time for your business to Retain a Virtual CFO/CPA?

www.HisCPA  = A Christian CPA Firm

Results Matter!!!!

#christiancpa #30acpavirtualcfo #santarosabeachflcpavirtualcfo #atlantavirtualcfocpa 

www.HisCPA.com = Put Our Experience Working to Keep Your Tax Bill as Low as Legally Possible

INDUSTRY EXPERIENCE AND CAPABILITIES

Be Sure Your CPA Works as “Hard as You Do” to Help You Achieve Entrepreneurial Success!

#atlantavirtualcfocpa #christiancpa #emeraldcoastcpa #30acpavirtualcfo 

www.HisCPA.com = Mentoring & Serving Others

www.HisCPA.com = Mentoring & Serving Others 


Below is one of recent notes from a CPA on LinkedIIn. Be sure you are doing EVERYTHING you can to serve our great God by Serving Others!!!

Good morning Mr. Dillard. I am a Christian New York State CPA and I’ve been reading your articles and posts. I am so inspired by what God has done in your life and how He’s using you. I would greatly appreciate the opportunity to speak with you. How can I too become a virtual CFO? How can I accomplish more for the Kingdom of our God, especially through our chosen profession? Can we please schedule time to speak? May the Lord Our God continue to bless you and yours with favor, grace, mercy and prosperity in Jesus’s name!

Life is not measured by the number of breaths we take, but by those moments that take our breath away

SOMETHING TO PONDER: George Carlin

The paradox of our time in history is that we have taller buildings but shorter tempers, wider Freeways, but narrower viewpoints. We spend more, but have less, we buy more, but enjoy less. We have bigger houses and smaller families, more conveniences, but less time. We have more degrees but less sense, more knowledge, but less judgment, more experts, yet more problems, more medicine, but less wellness.

We drink too much, smoke too much, spend too recklessly, laugh too little, drive too fast, get too angry, stay up too late, get up too tired, read too little, watch TV too much, and pray too seldom.

We have multiplied our possessions, but reduced our values. We talk too much, love too seldom, and hate too often.

We’ve learned how to make a living, but not a life. We’ve added years to life not life to years. We’ve been all the way to the moon and back, but have trouble crossing the street to meet a new neighbor. We conquered outer space but not inner space. We’ve done larger things, but not better things.

We’ve cleaned up the air, but polluted the soul. We’ve conquered the atom, but not our prejudice. We write more, but learn less. We plan more, but accomplish less. We’ve learned to rush, but not to wait. We build more computers to hold more information, to produce more copies than ever, but we communicate less and less.

These are the times of fast foods and slow digestion, big men and small character, steep profits and shallow relationships. These are the days of two incomes but more divorce, fancier houses, but broken homes. These are days of quick trips, disposable diapers, throwaway morality, one night stands, overweight bodies, and pills that do everything from cheer, to quiet, to kill. It is a time when there is much in the showroom window and nothing in the stockroom. A time when technology can bring this letter to you, and a time when you can choose either to share this insight, or to just hit delete.

Remember to spend some time with your loved ones, because they are not going to be around forever.

Remember, say a kind word to someone who looks up to you in awe, because that little person soon will grow up and leave your side.

Remember, to give a warm hug to the one next to you, because that is the only treasure you can give with your heart and it doesn’t cost a cent.

Remember, to say, ‘I love you’ to your partner and your loved ones, but most of all mean it. A kiss and an embrace will mend hurt when it comes from deep inside of you.

Remember to hold hands and cherish the moment for someday that person will not be there again.

Give time to love, give time to speak! And give time to share the precious thoughts in your mind.

And always remember, life is not measured by the number of breaths we take, but by those moments that take our breath away.

George Carlin