After much confusion, it's now clear that self-employed individuals who have no employees, and therefore no actual payroll expenses, can qualify for full PPP loan forgiveness by simply paying themselves - now called Owner Compensation Replacement. The amount that can be forgiven is based on your 2019 net self-employment income and can be up to 100% of the loan amount. The Owner Compensation Replacement will be considered as income, so it's not very compatible with unemploymen

With our world being turned upside down by COVID-19, virtual art festivals are trying to help fill the gap between now and when we can meet in person. I understand that the artist experience at these events varies widely. While they can never take the place of an in-person festival, the fact is to have ANY sales, you need to put much more effort into attracting your clients to the event. For festivals that are not using an inclusive e-commerce system (Eventeny, Booth Central,

I think I speak for most people when I say that I can’t wait for this year to be over. Now of course there is no guarantee that 2021 is going to be pandemic free, but at the moment it looks like we can be a bit hopeful. The color experts at Pantone seem to share that optimism because their color trend predictions for next spring are a burst of cheerful kaleidoscopic color. Featuring ten colors that will be find their way into fashion, home decor, graphics and advertising. The

In October, the Small Business Administration released a simpler loan forgiveness application for PPP loans of $50,000 or less. This action allows the financial institution that you received your loan from to streamline the PPP forgiveness process. If you applied for your PPP loan with a Form 1040 Schedule C, you will need to have the following documents: Payroll/Wages: 2019 Form 1040 Schedule C Utilities: utility account statements verifying payments for February 2020 and ea