Cathy Derus, CPA

Helping you be confident with your biz + personal finances so you can get back to doing what you love. Personal tweets @FiscallyChic.

[Cathy Derus, CPA @BrightwaterCPA]

Just posted a photo https://t.co/YI4dnzBCH8

[Cathy Derus, CPA @BrightwaterCPA]

Just posted a photo https://t.co/mHW5PSJGrj

[Cathy Derus, CPA @BrightwaterCPA]

Just posted a photo https://t.co/NDkmq1aou3

[Amara Omeokwe @TheAmaraReport]

Re-upping my Q&A about what we know so far about how the PPP restart will work. https://t.co/jNeSRQ5JAn

[Judd Deere 45 Archived @JuddPDeere45]

🚨🚨🚨President @realDonaldTrump has signed H.R. 133, an Act making consolidated appropriations for the fiscal year ending September 30, 2021, providing coronavirus emergency response and relief, and for other purposes.

[Cathy Derus, CPA @BrightwaterCPA]

I can’t wait to dive into my friend @cadynorth’s book #theresiliencyeffect! Tax season and a bajillion tax law changes are coming! https://t.co/tMvnk8oAgN

[Richard Rubin @RichardRubinDC]

The payment schedule that fits in a tweet.

[Glen Birnbaum @GlenBirnbaum]

Now, let’s talk forgiveness of #PPP loans. There is in fact a simper form for forgiveness for those PPP loans under $150,000. So basically, it is the “rubber stamp” that had been talked about this summer. 60% payroll requirement is n/a, etc. 4/x

[Glen Birnbaum @GlenBirnbaum]

Second, speaking of taxability, a similar “tax free” provision is also applicable to EXISTING @sba Section 7(a) loan borrowers that were granted relief in the CARES act (6 month payment relief) This aligns with the #PPP language. 3/x

[Glen Birnbaum @GlenBirnbaum]

First, it is what #TaxTwitter has been hoping for, there is #PPP expense DEDUCTIBILITY included (despite several ups and downs the past few days). This provision makes the PPP loans tax-free as Congress intended despite any tax technical arguments to the contrary. 2/x

[Cathy Derus, CPA @BrightwaterCPA]

Just posted a photo https://t.co/NY7jZvPkhI

[Cathy Derus, CPA @BrightwaterCPA]

My 2020 word of the year is focus. Why did it take me so darn long to buy noise-cancelling headphones? 🎧 https://t.co/mGt08iL3BF

[Cathy Derus, CPA @BrightwaterCPA]

Just posted a photo https://t.co/OExgT3njeg

[Cathy Derus, CPA @BrightwaterCPA]

@QBCares @japanesehamsami Same. My QBO company file isn’t loading.

[Cathy Derus, CPA @BrightwaterCPA]

So excited to finally find the September 2020 issue of @RealSimple on the newsstand! I was a judge in their second annual Smart Money Awards 🤓 Read on for the apps, accounts, and services that will make your… https://t.co/Jz8iFxyvKd

[Cathy Derus, CPA @BrightwaterCPA]

This tax season as been a marathon! We’ve made it 26 miles and are on the final stretch of two tenths of a mile. These last few months have been physically, mentally, and emotionally grueling.

And like the… https://t.co/JYSbXzU4xe

[Cathy Derus, CPA @BrightwaterCPA]

Wishing for a tropical getaway 🏝 Instead, I’m cranking out tax returns and extensions before the July 15 tax deadline. It’s ok to request an extension of time to file your return, just be sure to pay any taxes due… https://t.co/gyTyuZcMa8

[Cathy Derus, CPA @BrightwaterCPA]

@QBCares I also think part of the issue is when I’m updating my Mint account. If Mint pulls in my CapitalOne 360 account, my business accounts stop working in QBO. Mint uses one login, while QBO uses another. But the three bank/CC accounts are under one CapitalOne login.

[Cathy Derus, CPA @BrightwaterCPA]

@QBCares I’m having issues updating my Capital One Spark Business credit card. I’ve tried re-adding the account several times, but that hasn’t worked. Is there a known issue?

[Cathy Derus, CPA @BrightwaterCPA]

@QBCares That would be great! Thanks!

[Cathy Derus, CPA @BrightwaterCPA]

@QBCares My Spark business checking account is updating just fine. But the Spark credit card stopped pulling in transactions maybe a week and a half ago.