June 2020
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Many small business owners were able to apply for a loan under the Paycheck Protection Program (PPP). If the loan proceeds are used as specified, business owners may apply to have the loan forgiven.

Low interest rates and a volatile stock market are creating additional opportunities for wealthy individuals to transfer money to heirs tax-free.

A business plan is a valuable tool whether you're seeking additional financing for an existing company or starting a new one.
               

Avoid these common errors by using a certified public accountant, enrolled agent, or other knowledgeable tax professional to prepare your tax return.
TAX DUE DATES

June 10

Employees who work for tips - If you received $20 or more in tips during May, report them to your employer. You can use Form 4070.

June 15

Employers - Nonpayroll withholding. If the monthly deposit rule applies, deposit the tax for payments in May.

Employers - Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in May.


IN THIS ISSUE
Tax Tips
QuickBooks Tips

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Dawson & Associates | 818 379-9800 | team@dawsoncpa.com | http://www.dawsoncpa.com
16027 Ventura Boulevard Suite 501
Encino, CA 91436
Dawson & Associates, 16027 Ventura Boulevard  Suite 501, Encino, CA 91436
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