by the Storen Team | Jan 21, 2021 | Businesses, Resources for Businesses, Taxes
It’s that time of year for 1099’s to be filed. We can take care of that for you. This is how it’s done: 1) Send us your information via our secure link HERE. (First and last name, SS#, and address of each contractor, and amount paid to the contractor.) 2) We will mail...
by the Storen Team | Jan 20, 2021 | Businesses, Resources for Businesses, Taxes
Kim Storen’s webinar with the Boone County Chamber of Commerce Storen Financial discussed all you need to know about stimulus and PPP loans in the newly signed Relief Bill on a webinar last Friday. Some quick takeaways highlighting the Employee Retention Credit:...
by the Storen Team | Jan 8, 2021 | Resources, Resources for Businesses, Taxes
The IRS has had severe backlogs in mail and major issues within the Department in 2020 As we approach the fourth installment of Quarterly Estimates due January 15th, I wanted to encourage everyone to start paying your estimates electronically going forward. The IRS...
by the Storen Team | Jan 5, 2021 | Businesses, Resources for Businesses, Taxes
Is the forgiven portion taxable to my business? Is there a second round of funds for businesses? President Trump signed the $900 billion COVID-19 relief bill on December 27th so now we have final guidance on the PPP program. The bill is 5,593 pages long so the...
by the Storen Team | Jan 5, 2021 | Resources, Resources for Businesses, Taxes
As of December 29, 2020 the Internal Revenue Service (IRS) and the Treasury Department began delivering a second round of Economic Impact Payments as part of the 2021 CARES Act (stimulus checks). Direct deposit and paper checks started being distributed on Wednesday...
by the Storen Team | Dec 23, 2020 | Business Coaching, Businesses, Resources for Businesses
Bringing businesses a sounding board… For many business owners, each day comes with many operations-related questions, with no answers. The desire for a sounding board and solid game plan is a natural wish for any business owner. I remember when I owned my CPA...
