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End of Year Considerations background

End of Year Considerations

This year could not come to an end any sooner for most and yet there is much to be done before it’s over! Get things filed before the start of Q1 and wrap up those transactions to put a bow on 2020 and send it off.

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Pumpkin Spice

Change in Seasons, Consistent Solutions

Autumn is officially here! The time for sugar, pumpkin spice, and everything nice! Our home state of Minnesota is experiencing the peak color changes in our fall foliage. It’s that perfect time of year to get some fresh air by going for a hike, taking in a scenic drive, bringing your family to an orchard, or just cozying up by the fire. Just be sure to soak it all in while you can!

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SBA Loan

Paycheck Protection Program: The Moving Target

The Small Business Administration (SBA), Paycheck Protection Program (PPP) was created from the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help businesses affected by COVID-19 for payroll and other business related expenses. When State’s began shutting down, non-essential businesses couldn’t run, and funds were needed in order to stay afloat.

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Employee Spotlight Header

Employee Spotlight: Fran Brinkman

She may need no introduction, but in case you don’t know her by now, meet Fran! Fran has been working at Capitol Lien for nearly 18 years! She is one of the friendly voices you may hear from if you call us or place an order.

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Man on Calculator - IRS Blog

Business Taxpayers See New IRS Form

For those business taxpayers paying or receiving non-employee compensation (aka contractors), there is now a new IRS form that you must use in your reporting. Payers must report any payment of $600 or more to a payee in the calendar year by completing Form 1099-NEC (Non-employee Compensation).

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