Business Topics

The 2020 Tax Brackets Guide: Key Changes That You Need to Know

https://wp.me/pbkXMs-1Mg

Business Topics

IRS Stimulus Debit Cards Being Cut Up, Mistakenly Reported As Scam

The IRS is sending out four-million stimulus payments in the form of Visa prepaid debit cards even though most people were expecting checks.

IRS Stimulus Debit Cards Being Cut Up, Mistakenly Reported As Scam
Business Topics

2020 – Do You Need to Borrow Funds from Your Retirement Account?

Individuals eligible to take coronavirus-related withdrawals from workplace retirement plans may also, until Sept. 22, 2020, be able to borrow as much as $100,000 from those retirement plans. https://go.usa.gov/xfUbu#IRS#COVIDreliefIRS

See The Following Links for More Information

IRS – #CovidRelief – Do You Need A Loan From Your Retirement Acct?

IRS – Notice 2020-50

Business Topics

Coming Soon…

A #2020 Update

Dear On The Fly Designs community,

An Update:

We Miss Y’all! FR

Please know, that you can count on us to maintain your privacy, practice & operate with integrity, commitment, & passion, and ALWAYS – do the NEXT RIGHT THING, for all of our clients.

WHATEVER you need help with, reach out. If we are unable to assist, help or do it, I have many Partners that can.

What vision can we help you give flight to, does your Vision have WINGS?

As always, we will continue to provide unique products and services for both your professional and personal lives!

We are re-launching in order to give you a bird’s eye view of your business! We are joining my GBC TAX Pros Business and On The Fly Designs to become, On The Fly with GBC so that we are able to guide you from A-Z with your business. No matter the need, we’ve got you covered!

Look for DIY’s and How -To videos, podcasts, additional services, etc

Business Topics

PPP Loan Forgiveness

Paycheck Protection Program

https://www.linkedin.com/feed/news/4972724

Business Topics

United Way Assistance during Covid-19

Housing, food, utility, etc. assistance…

https://www.unitedway.org/recovery/covid19

Business Topics

FSA’S, & The Changes due to Covid

https://www.thepennyhoarder.com/save-money/fsa-pandemic/?aff_id=178&aff_sub3=MainFeed__save-money/fsa-pandemic/

Business Topics

Federal Taxes Deadline

http://www.gbctaxpros.com

call me 502.627.0557
Business Topics

FEMA LOST WAGES PROGRAM

FEMA Lost Wages Assistance Program


The Office of Unemployment Insurance is currently processing payments under the FEMA Lost Wages Assistance program. Claimants for weeks ending August 1, August 8, and August 15 with a weekly benefit amount of $100 or more who are unemployed, partially unemployed, or unable or unavailable to work due to disruptions caused by COVID-19 may be eligible for a supplemental $400 payment.

If you believe you are qualified to receive this payment and have not previously provided a certification that you are unemployed, partially unemployed, or unable or unavailable to work due to disruptions caused by COVID-19, you will need to log into your claim and provide this certification before your eligibility can be determined.

https://uiclaims.des.ky.gov/ebenefit/eben.htm

Business Topics, IRS - Tax Tips, Tax

IRS – Limits On Charitable Contributions

Greater deductions by businesses for contributions of food inventory for the care of the ill, needy or infants are now allowed. Businesses that contribute food in 2020 may deduct up to 25 percent of their net or taxable income. https://go.usa.gov/xfQZs#COVIDreliefIRS#IRS