Article By: Joel Maxson | Florida Realtors | Original publication: July, 1 2020
When buyers negotiate a contract that includes both a financing contingency and appraisal contingency, they sometimes have trouble understanding where one ends and the other begins. This is understandable, since a contract with both contingencies contains substantial overlap.
Article By: Meredith Caruso | Florida Realtors | Originally published May 28, 2020
The goal in a transaction is to proceed smoothly to closing. Speedbumps occasionally arise – but don’t create speedbumps on your own. A smooth process starts with careful attention to the contract, filling in all necessary blanks, and checking all appropriate boxes.
Marina Parkin (Koontz & Parkin, CPAs) and Jackie Durham (Koontz & Associates, PL) provide an in depth example of completing the PPP forgiveness application long form. This deep dive covers payroll costs, non-payroll costs, calculating employee compensation for wages, additional expenses and more.
Jo Ann Koontz, Jackie Durham and Marina Parkin provide examples of completing the PPP Loan Forgiveness Application Form 3508EZ (EZ Form). These examples will be focused for Realtors®, Schedule C filers and self employed individuals.
The U.S. Small Business Administration and the U.S. Department of the Treasury have agreed with the bipartisan leaders of the U.S. Senate Small Business Committee to make public additional data regarding the Paycheck Protection Program (PPP). This agreement will ensure that the interests of both transparency and protections for small businesses are served.
Jo Ann Koontz, Jackie Durham (Koontz & Associates, PL) and Marina Parkin (Koontz & Parkin, CPAs) take a deep dive into the exemptions and safe harbors related to the two PPP loan forgiveness applications. Additionally, strategies and critical information about documentation that will or may be required for your loan forgiveness is explained.
Marina Parkin (Koontz & Parkin, CPAs) and Jackie Durham (Koontz & Associates, PL) discuss the new EZ forgiveness application, regulation updates for forgiveness, choosing your loan cover period and whether you should apply before the deadline.
Jo Ann Koontz, PL and Marina Parkin, CPA talk with professional business coach John Seiffer, CEO Bootcamp. A long term and unexpected event like the coronavirus will put stress on a business. John presents the importance of scenario planning and process development for alleviating and reversing the effects of the pandemic on your business.