TWOCPA.com

During this transition period, the TWO main office number may experience downtime. If that occurs, please utilize SN’s toll-free number: 800.745.8233

[TWOCPA.com @twocpa]

We're excited to announce that T. Wayne Owens & Associates, PC & TWO CPAs & Consultants, Inc. has joined @StambaughNess! During this transition period, the TWO main office number may experience downtime.

https://t.co/H2VFAYpts1

[TWOCPA.com @twocpa]

Wayne, Brad, Becky, and I didn't leave TWO, we merged with SN. And we are thrilled to say all TWO staff joined SN as well! https://t.co/ahCW0gx2UC

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https://t.co/dChxtBPzLb https://t.co/HCWvgUzFKt

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Congrats to Chasm! https://t.co/bbt6yovJJd

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See below. If your PPP loan is $50k or less. https://t.co/uB2NQzU2LO

[TWOCPA.com @twocpa]

Involved with an M&A deal for your firm and have a PPP loan? Review new escrow requirements issued by the SBA 10.2.2020.

T. Wayne Owens & Associates, PC
TWO CPAs & Consultants, Inc. https://t.co/QERmsXPObu

[TWOCPA.com @twocpa]

T. Wayne Owens & Associates, PC
TWO CPAs & Consultants, Inc. https://t.co/sXK3iDYb2m

[TWOCPA.com @twocpa]

Don't let this formula interfere with your #ppploans forgiveness.
Whether it’s eight weeks or 24 weeks, borrowers may apply for forgiveness before the end of the covered period. But doing so lowers the maximum eligible compensation…https://t.co/5LKv6Hrmhs https://t.co/UTZdhDbJaq

[TWOCPA.com @twocpa]

A few new #FFCRA FAQs regarding paid leave, schools reopening, remote learning, etc.

(98-100 added yesterday) https://t.co/xHFkyhHLxV

[TWOCPA.com @twocpa]

Are the owners limited on PPP loan forgiveness?

Interim final rule establishes that owner-employees with less than a 5% stake in a C or S corporation are exempted from the #PPP owner-employee compensation rule for determining the amount of their compen…https://t.co/iYeahMNczo

[TWOCPA.com @twocpa]

FYI:
If your client mailed a check with or without a tax return, it may still be unopened in the backlog of mail the IRS is processing due to COVID-19. Any payments will be posted as the date IRS received them rather than the date…https://t.co/0ZSRe4HUBy https://t.co/rjdn9LJBbg

[TWOCPA.com @twocpa]

Plz see below referenced article by the AICPA regarding the PPP forgiveness application.

T. Wayne Owens & Associates, PC
TWO CPAs & Consultants, Inc.
#caresact #ppploan #forgiveness https://t.co/LU0wiz2TkI

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Forgivess Application portal to open August 10 for PPP loans. https://t.co/vvOk7FC52R

[TWOCPA.com @twocpa]

You can disregard the calls/emails from the SBA Disaster unit to move forward with an EID Loan unless you need it in addition to any PPP funds received. https://t.co/sq3OsoD6Re

[TWOCPA.com @twocpa]

Why you may NOT want to apply for early forgiveness of your #PPP loan under the #CARESAct.

T. Wayne Owens & Associates, PC
TWO CPAs & Consultants, Inc. https://t.co/g36Vz02u4n

[TWOCPA.com @twocpa]

Interim Final Rule update. #PPP
(Treasury)

https://t.co/o7QeMu5yEK (PDF)

T. Wayne Owens & Associates, PC
TWO CPAs & Consultants, Inc. https://t.co/qmKF6vWCVc

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Many of our Georgia firms take advantage of this tax credit every single year. https://t.co/L5tjA743jR

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New info from Treasury:
Treasury and SBA issued a press release stating that they would disclose information about PPP loans over $150,000.
SBA will disclose the business names, addresses, NAICS codes, zip codes, business type, de…https://t.co/gcFJOVbasv https://t.co/S8VjzTAWTE

[TWOCPA.com @twocpa]

S-corp owner health insurance is NOT included in your PPP forgiveness application! https://t.co/8kFxmQVHy7

[TWOCPA.com @twocpa]

T. Wayne Owens & Associates, PC
TWO CPAs & Consultants, Inc. https://t.co/Vvytq8kHXt