Ag FinTax

Dear Client:   How much is clarity worth?   A lot, a whole lot.   And how much is making things easier worth? Of course, it’s a lot, a whole lot, too.   We now have both the new (a) clarity and (b) easy road to Paycheck Protection Program (PPP) loan forgiveness for the self-employed with no employees. Get ready to smile.   New Easy Road to 100 Percent Forgiveness   Say thanks to the Paycheck Protection Program Flexibility Act of 2020. This new law creates a 24-week period for you to spend your PPP loan proceeds.   If you obtained your loan proceeds before June 5, you can elect to use the eight-week period to spend your PPP loan proceeds. Here’s the big difference:   If the 24-week covered period applies, your loan forgiveness for your deemed payroll is capped at 2.5 months of your 2019 Schedule C net profit, not to exceed $20,833. If you elect the eight-week covered period, your loan forgiveness for your de...

At the beginning of your virtual accounting consultation, we take an in-depth look at your current accounting practices and provide you with a plan of action to improve key areas of your business.

OUR PHILOSOPHY At Agfintax.com, our company philosophy is stoked by a passion for helping clients analyze their financial information to make better decisions for the financial health of their business. We leverage a powerful combination of cutting edge technology, automations and AI alongside comprehensive processes and procedures overseen by our elite accounting professionals. Agfintax.com handles everything from daily bookkeeping tasks to weekly, monthly and annual financial reporting, allowing you to focus on your business.

The accounting process involves recording, interpreting, classifying, analyzing, reporting and summarizing financial data. Bookkeeping is the process of recording financial transactions. Recording financial transactions is the first part of and the foundation of the accounting process. Bookkeepers handle the recording part of the accounting process. Accountants handle all parts of the accounting process.