The IRS on Friday announced that it will start accepting and processing 2020 tax returns on Friday, Feb. 12. This is later than in most previous years when tax season has started in January. The IRS says the delay is due to the extra time it needs for programming and testing its systems following the tax law changes made by the Consolidated Appropriations Act, 2021 (CAA 2021), P.L. 116-260, which was enacted Dec. 27. https://www.journalofaccountancy.com/news/2021/jan/tax-return-filing-season-starts-feb-12-2021.html?utm_source=mnl:alerts&utm_medium=email&utm_campaign=15Jan2021&utm_content=button
The Paycheck Protection Program (PPP) will reopen Monday for select lenders and borrowers, the U.S. Small Business Administration and Treasury announced Friday. The SBA and Treasury said in a news release that initially only community financial institutions that serve minority- and women-owned businesses will be able to make loans. Specifically, these community financial institutions can begin making loans to first-time PPP borrowers on Monday and second-time PPP borrowers on Wednesday. https://www.journalofaccountancy.com/news/2021/jan/ppp-application-reopening-date.html?utm_source=mnl:alerts&utm_medium=email&utm_campaign=08Jan2021&utm_content=button
What you need to know about the new fiscal stimulus At year-end, Congress approved a sweeping legislative package. Here’s what you need to know for now: -Paycheck Protection Program (PPP) loans are funded up to $284 billion. n -Effective from Jan. 1, 2021–June 30, 2021, the employee retention credit, enacted in March in the CARES Act, is extended and increased from 50% to 70% of an employee’s wages—and the wage ceiling to which the credit can be applied is increased from $10,000 per year to $10,000 per quarter. -Effective, Jan. 1, 2021–June 30, 2021, businesses can use both PPP loans and the employee retention credit. -For months we have reported that, when a business expense is paid with a PPP loan that is later forgiven, you cannot take a tax deduction for that expense; the tax code does not allow double-dipping. The new law stipulates that now you can double-dip. Effective retroactively to Mar. 27, 2020, you can pay a business expense with a PPP loan, then take a tax deduction for that expense, even if the PPP loan is forgiven. -Effective for 2021-2022, business meal expenses are 100% deductible—instead of 50%. Most expiring tax provisions, such as the work opportunity tax credit, were either extended through 2025 or made permanent. A few were extended for only one year. Special provisions were included to provide support to movie theaters, live entertainment venues, and businesses in low-income communities.
Tax season is quickly approaching. Have you thought about handing out 1099s to your contractors? Are your books ready? Call me and let's set a time to talk about where your company is and what it will take to get you caught up! 747-998-2997
Hi all. My name is Jennifer Detar and I just joined the West Valley Chamber of Commerce this morning. Owning a small business may be a dream come true, but it can also be time-consuming. It often requires hours hunched over the computer responding to emails, filing reports, or managing a budget. I'll allow you to concentrate more on what makes you money and let you know when your cash comes in. This will allow you to make constructive and effective decisions by maximizing your income.
Happy New Year! We would love to start the new year off seeing your warm and friendly faces! Join us for our 1st Networking breakfast of 2021 on January 6th! (Virtual) Sign Up By 1 PM today to be included on the hot sheets. Here is the link~https://www.woodlandhillscc.net/readpost.php?news_id=9668 Thank you to our Sponsor: Southern California Gas Company (SoCalGas) David Meza!
Hi, I have had the pleasure of meeting a few of the local business owners and I will continue to support your services. Regenics is now offering an 18% discount on our Immunity Boosting IV's, our Vitamin D and Vitamin B12 injections, and our cryotherapy. Feel free to call me anytime to set up an appointment and to come in for a free tour and consultation. 818-826-0562 Happy Holidays! Best, Peter
Hi Everyone, my name is Jeremy Principe and I am new to the West Valley Chamber of Commerce. I know that as a business owner, the pandemic has created some abnormalities in terms of leasing office and industrial space as many of you may be working from home. That said, the pandemic has also created some unique opportunities for business owners that I think you should all know about. I have uploaded an article I wrote under the pictures on my account that highlights some of these unique opportunities. Feel free to give it a read and don't hesitate to reach out to me if you would like help with leasing, subleasing, or purchasing real estate. Happy Holidays!
Have you had a cruise cancel this year because of Covid 19? Did you get a Future Cruise Credit (FCC)?? I can help you with your FCC planning for when you're ready to travel. Your FCC's belong to you, and you can book with anyone you want too. Let me look into your future cruises, lots of specials, bonuses, upgrades and amenities to be had when you book with the right Travel Agency!!! CAll me Patty Thorington PLaza Travel 818-749-6275 Currently working from home!!! or email me [email protected] Look forward to helping you travel once again!!
Day 1 to review the year and prep for 2001...surely you're going to make some changes. Let's start by recruiting new members who can take advantage of all of our Chamber benefits throughout the year. Call me at 818-992-0366 if you need help with a prospect.
One more month to resurrect what we've missed so far in 2020. Check your list for new members to get on board the best Chamber to improve your life in business, personal growth, and community relationships. Let's get set up for the New Year.
Hello All, We are so excited to have 818 Sport Academy apart of Woodland Hills Chamber of Commerce. We love our community; we love the children in our community. I feel this experience with WHCC will benefit the organization & the community. I cannot wait to start working with you throughout our community’s.
Hi, We are excited to be a new member of the community. We are modernizing the way men and women enhance their health with our comprehensive, result-driven treatment plans, complete with Vitamin, Anti-Aging, and Immunity Boosting IV Infusions, Cryotherapy, Personalized Testosterone Optimization (TRT), Peptide Therapy, and other services that work synergistically to give you the results you are looking to achieve. Regenics provides the most up-to-date medical and aesthetic procedures for men and women, including hair loss solutions, Botox, PRP, and Microneedling to revitalize and deliver the most natural and beautiful results possible. We offer a 15% discount for Chamber Members. Come See us in Tarzana. 818-826-0562
Wishing everyone a wonderful Thanksgiving holiday. November is Long Term Care Awareness month. Let us now how we can offer you advice or education about planning for a long term care event. Miss seeing our awesome Chamber friends in perso. Be safe...Be well..Marcia and Stan Stan Israel Insurance Services, Inc. Life/Disability/Long Term Care/Life Settlements 818-706-1100...Call to just say hi!!
Today at 12 PM PST – 1 PM PST Public · Hosted by West Valley Warner Center Chamber of Commerce Online Event https://www.woodlandhillscc.net/readpost.php?news_id=9669 Small Business Certification Program for WV~WC Chamber of Commerce Members - Free Webinar Series Path to Certification Series of 6 For More Information click here~https://www.woodlandhillscc.net/readpost.php?news_id=9669
Want to do business with LA County, City of LA and Federal Agencies? Join this FREE certification program webinar on Monday at noon. SBDC East Los Angeles. Open up another resource for business leads. Learn how to by registering with Los Angeles, LA County, California State, and National.
Hey everyone! After 6 months of taking care of my son, we finally found a daycare we feel comfortable with and I'm back at it! I hope you are all doing well - let's reconnect! I miss having interactions with adults...
If you know someone who would like to get their credit card processing fees covered. Please contact me!
The MARKETING/PROGRAMS COMMITTEE which I chair has been on hiatus since the Covis shutdown. We are looking to resume our monthly meetings in order to get back on track in building Chamber memberships and events. I am looking for members who can join us to contribute ideas to make your membership more beneficial for you and your business. Call me at 818-992-0366 or email [email protected]
Just a quick word to my patrons and friends. My house is sold. I'm leaving California tomorrow. It's been a great ride. I love you all. God bless you and keep you.
Good Morning! Hope everyone is doing well. Let us know if we can be of any assistance.
We had another call this morning regarding getting sofa cushions repaired. Rick is kept busy during the Covirous epidemic. He is able to work in safe conditions and is taking calls at 818-635-8887 for repair quotes.
During the virus shutdown, your Board of Directors is still cranking away at projects and plans for current and future activities. Including the BOD monthly meeting, I participated in their ZOOM session and a number of other Committee and social meetings. It's a great way to stay in contact and see what's going on when personal sessions are not safe. I hope to see you on the screen.
Photographer needed to shoot some BTS images of a project. 3 separate days. August 28th, 29th, and the 31st in Woodland Hills. 10 hours in total. Budget of $500. If not you, please recommend someone. Thank you
Thank you, Felicia Paust, for giving your valuable time and expertise... !
Heed Consulting Group solves the challenge of distance teaching with the installation of topnotch classroom studios in teacher’s classes! #distanceeducation #distanceteaching #distancelearning #distantlearning #heedconsultinggroup #cybersecurity #managedsecurityservices #managedit #manageditservices #managedsecurity #education #k12education #k12schools #schoolsafety #schoolsreopening #schoolprincipals #teaching #teacherdevelopment #teachers https://lnkd.in/gJCNdqc
I just registered for the 7:30 September 7th ZOOM breakfast. Certainly, not like our regular monthly meeting but we're doing what we can to keep up with members that we can't meet with personally. I'd like to be able to see you and hear what is going on in your life...please register.
You just got home, it's been a long day, the last thing you feel like doing is spending an hour in the kitchen ver a hot stove, preparing a meal...right? Help is on the way...Chef Elizabeth of Cafe LĒZA now offers Friday and Sunday dinner delivery services. Want more? We got you! These dinners also offer wine, floral and snack pairing delivery options, right to your door! Still want more? Aren't you lucky! Monday and Wednesday dinner deliveries are also available. Here's all you have to do: Click on my website link below, subscribe to get on my email list, and you will be among the first to receive this amazing offer. Collaboration over competition and supporting other women owned businesses it's what Chef Elizabeth of Cafe LĒZA is all about. Get in on the fun. www.cafeleza.com "Here's what people are saying about us: "Now the assessment. We LOVE your food. Everything was delicious from top to bottom. Especially blown away by your cake. It is one of the best I've had and I am a complete foodie. We definitely want another delivery. Thank you so much".
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