From what I understand there's no requirement to include the amount on the following years taxes, it's waived.
Bailout and payroll
Discussion in 'Ask An Owner Operator' started by ncdriver1, Mar 26, 2020.
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It also frees up $ for loans but that’s not what is needed now. If you are a small business, such as an O/O, you don’t need or want a loan that has to be repaid.
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How do you lay yourself off....?
pullem, Orange713 and amberfeldt Thank this. -
There will not be any workers left before long. Not because they have Corona but because it makes more financial sense to not work. That’ll be the next crisis.
Rideandrepair, tommymonza, Opendeckin and 3 others Thank this. -
I was thinking the same thing.
That was part of the snag in the first place.
So how do I convince the boss to lay me off? Cuz what they're govt is paying is definitely more then what the boss is paying.Rideandrepair and tommymonza Thank this. -
***Once again I don’t like it so don’t come after me about either.***Last edited: Mar 28, 2020
Rideandrepair, blairandgretchen, Cat sdp and 2 others Thank this. -
Title:
"Money for nothing and your Chicks for free"Rideandrepair, tommymonza and razor1983 Thank this. -
Can’t answer the question of how to lay yourself off but you can do it. My suggestion would be to reach out to your accountant, assuming you work with an outside 3rd party. If not call a local H&R Block office and I bet somebody there can help.
If you have no tuck payment this might be a good option.Rideandrepair Thanks this. -
Rideandrepair and whoopNride Thank this.
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