Iryna Stepanchuk CPA

https://stepanchukcpa.com/how-will-the-new-stimulus-bill-a/

https://stepanchukcpa.com/2021-tax-planning/

3 Secrets of Tax Planning for Marketing and Digital Agencies https://www.linkedin.com//3-secrets-tax-planning-marketi/

Here is an update on PPP forgiveness application status. It has been a hot topic as many businesses want to apply for forgiveness now. #ppp #cashflow

Increase Your Net Cash Without Adding A Single Dollar To Gross Sales ://www.linkedin.com/pulse/case-study-how-we-increased-clients-bank-balance-stepanchuk-cpa

NYS #COVID #RentReliefProgram will provide eligible households with a one-time #rentalsubsidy that will be sent directly to the household’s landlord. Applicants will not need to repay this assistance. The Covid Rent Relief Program is not first come, first served. Applications will be accepted throughout the two-week application period. HCR will prioritize eligible households with greatest economic and social need accounting for income, rent burden, percent of income lost and risk of homelessness. #COVID #rentrelief #rentsubsidy #

Do you know what changes were introduced to PPP loans by the new law? Great summary of the new provisions are in this article. If you want to find out more or need help recalculating your forgivable amount, use this link to schedule a meeting https://calendly.com/stepanchukcpa/linkedin-fb #PPP #cashflow #tax #covid19 #business

The Main Street Lending Program allows businesses that received EIDL or PPP funds to apply for loans in the Main Street program. The program may get expanded to businesses that may not currently qualify but need assistance to avoid shedding workers. Stay tuned if you need additional funds #mainstreetlanding #cashflow #assistance #smallbusinessloan

Changed rules on PPP forgiveness! Higher chance of a loan to be forgiven! New calculations need to be done! New cashflow projections need to be completed! Schedule a meeting to get help with PPP forgiveness: https://calendly.com/stepanchukcpa/linkedin-fb #PPP #cashflow #businessloan #covid19

Many businesses are struggling with product and service pricing. Either the price is too low and you don’t have enough money, or the price is too high and nobody is buying the product. Van Westendorp Pricing Model is one of the methods you can use to price your product or service right. #productpricing #cashflow #profit

If we say something is impossible, then we stop pursuing it. If we stop pursuing something, then it never gets accomplished. If something never gets accomplished, then the naysayers were right: It was impossible.

Did you know that you can end up with a higher income and higher tax liability because of PPP? The IRS states that you cannot deduct expenses covered by the loan if the loan is forgiven. Time for some tax planning! Schedule your meeting now to mitigate any unforseen tax consequences https://calendly.com/stepanchukcpa/linkedin-fb #PPP #tax #taxplanning #loanforgivenss #smallbusiness #covid19

Will your business need additional funding after PPP funds run out? Did you know that there are other options available for your business outside of EIDL and PPP financing? Find out more about #MainstreamLendingProgram or reach out to us for a summary and assessment of what your business can qualify for. https://www.federalreserve.gov/moneta/mainstreetlending.htm #PPP #COVID-19 #financing #smallbusiness #planning

Cash is king! Now more than ever you need to monitor your cash, cut spending where possible and negotiate your bills down. Cashflow planning is indispensable as it can literally save you from going out of business, especially now. This should be your highest priority! Reach out to your CPA or CFO to get this addressed today! Or reach out to us and we will be happy to help too. #cashflow #forecasting #planning #covid-19 #business #success #accountant #finances

The government is diligently working on getting more help to small- and medium-sized businesses. #RestartAct and other pieces of legislation are intended to support businesses beyond 8 weeks of #PPP. #PPP #business #smallbusiness #finance #tax

IRS is hiring 3,500 new phone operators to answer taxpayers’ questions about economic impact payments as many taxpayers still having trouble getting information regarding their stimulus checks. The IRS regularly adds new and updated answers to the most frequently asked questions about stimulus payments at its Economic Impact Payment Information Center and the Get My Payment tool. Taxpayers who want to know the status of their economic impact payment are reminded to check the Get My Payment tool regularly; the information is frequently updated each day as the IRS continues to process the remaining payments for delivery by mail. #stimuluscheck #irs #covid #tax

Are you getting "Payment Status Not Available" check error for your stimulus check? The IRS recently updated their FAQ page with more information: #StimulusCheck #NotAvailableCheckError #2018&2019Taxes #CPATaxServices http://ow.ly/Pxdf50ziWyx