Business
In the first of a two part series, Shanna Tingom is joined by CPA Aaron Blau to talk about recent tax changes and how they can affect your bottom line.First, Shanna and Aaron cover the rules around retirement distributions during 2020 - what you could take out, under what terms you have to pay it back, and how it will affect your taxes.We also cover economic impact payments (EIP's) for personal, and the economic injury disaster loans (EIDL's) for businesses. While grant money is gone, loan money is still available under the right circumstances. Next, Aaron explains the Paycheck Protection Program (PPP) and all of its various implications.Congress actually changed a number of rules around these different programs, often times in your favor, with potentially more to come. This episode is definitely worth a listen.For more information:Find Aaron Blau at The Blau Company: https://blauco.com/Find Shanna Tingom at Heritage Financial Strategies: https://www.heritagefinancialaz.com/