Sain Solutions, LLC

New PPP development for Schedule C filers - now you can use gross income instead of net for determining PPP amount.

PPP borrowers can use gross income, SBA rules Paycheck Protection Program rules released by the SBA allow self-employed individuals who file a Form 1040, Schedule C, to calculate their maximum loan amount using gross income instead of net profit.

This new MD legislation may impact your 2020 taxes if you are a MD resident and received unemployment benefits last year

RELIEF Act Information Marylandtaxes.gov

Self employed individuals may be eligible for sick and family leave credit 😲

New IRS form lets self-employed claim sick and family leave credits The Form 7202 helps SE individuals who couldn’t work because of the coronavirus.

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TB4A.com 🔥 Accounting Merch 🔥

Please contact us if you are uncertain about all the new COVID-19 benefits you may qualify for including:

- SBA Programs
- MD Loans & Grants
- Unemployment

Small business owners, sole proprietors, and independent contractors especially are eligible for many new benefits.

We have been sending email updates to describe the benefits in full detail. If you are not currently receiving emails and are interested in subscribing, please message us your email address.

Thanks and stay safe!

ATTENTION SMALL BUSINESS OWNERS - this is a great comprehensive list of available relief programs. Check it out!

List Of Coronavirus (COVID-19) Small Business Relief Programs Businesses have a growing number of resources and relief programs to turn to during the coronavirus crisis, including emergency funding from the government, protection from eviction and business loan deferment.

Tax Filing Deadline Extended to July 15!

Tax Deadline Extended To July 15 Over Coronavirus Pandemic "All taxpayers and businesses will have this additional time to file and make payments without interest or penalties," Treasury Secretary Steven Mnuchin said Friday.

15 "Nice-Try" Tax Breaks Rejected by the IRS😅

15 Nice-Try Tax Breaks Rejected by the IRS Over the years, taxpayers have concocted a lot of zany arguments to justify tax breaks. We've come up with what we think are the most creative ones that the courts decided did not quite work.

Court Lesson on Travel Expenses: Sometimes receipts and bank statements are not enough! You need to prove a business purpose of the trip.

Tax Court Puts Up Roadblock to Travel Deduction IRS will reject travel claims that are not properly substantiated.

Learn More About Our Tax Preparation Services ➡️ 📞 410.487.1436

The IRS recently released more guidance on cryptocurrency. Contact our office for a free consultation on how this impacts your cryptocurrency transactions!

The IRS Just Issued Its First Cryptocurrency Tax Guidance in 5 Years - CoinDesk For the first time since 2014, the IRS is detailing how it will tax cryptocurrency holdings. Here's what you need to know.

IRS has released an online tool to help determine the right amount of tax withholding from your paycheck. Worth a look to help avoid unpleasant surprises next tax season!

Tax Withholding Estimator | Internal Revenue Service Check your tax withholding with the IRS Tax Withholding Estimator, a tool that helps ensure you have the right amount of tax withheld from your paycheck.