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Accounting – RMS Accounting
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PPP Changes Announced 2/22/2021

Feb 26, 2021 | , ,

PPP Changes Announced by New Administration Intended to Create Greater Access for Small Business In a Fact Sheet released by the White House 2/22/2021 the administration discloses that funding to small business has increased and that the administration will institute...

Important Crypto & Virtual Currency Update

Feb 23, 2021 | , , ,

๐“๐ก๐ž ๐ˆ๐‘๐’ ๐ก๐š๐ฌ ๐ฆ๐จ๐ฏ๐ž๐ ๐ญ๐ก๐ž ๐ฏ๐ข๐ซ๐ญ๐ฎ๐š๐ฅ ๐œ๐ฎ๐ซ๐ซ๐ž๐ง๐œ๐ฒ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง from Schedule 1 of the 2019 Form 1040 to the first page of the 2020 Form 1040 and Form 1040-SR. The question asks, "At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial...

Economic Recovery Rebate Credit

Feb 2, 2021 | , ,

The Economic Recovery Rebate Credit has caused many people to question their filing status. The amount of the credit as well as qualifying for the credit (payment) depends a lot on filing status and income. Dependents attending college have heard that they can get the...

PPP and PPP2 Updates & Highlights

Jan 14, 2021 | ,

PPP updates include: PPP borrowers can set their PPP loanโ€™s covered period to be any length between 8 and 24 weeks to best meet their business needs; PPP loans will cover additional expenses, including operations expenditures, property damage costs, supplier costs,...

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