Everything posted by ousuxndallas
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Surly Thread of Business Owners/Managers, Etc. & Current Business Climate
I've heard this will be done later through a second PPP application for 1099 people that will occur next week or beyond. As far as proving your profit, they'll likely go off your Schedule C on the tax return. The schedule that specifies your revenue, expenses and "profit". My guess is they'll never get around to the 1099 folks. Just go get your $10K and be thankful for that.
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Surly Thread of Business Owners/Managers, Etc. & Current Business Climate
Agree. If you can provide good reporting and payroll statements, rent payment proof, etc that shouldn't be a problem. Separate bank acct seems a bit like a belt and suspenders to me.
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Surly Thread of Business Owners/Managers, Etc. & Current Business Climate
Payroll reports should show that. Then you can check it against the statement from the health insurance provider.
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Surly Thread of Business Owners/Managers, Etc. & Current Business Climate
Yes, sorry for the misinformation. I double checked the bill and you are correct: " payment of State or local tax assessed on the compensation of employees;" Directly from the bill. The 2.5x is the calculator used for LOAN AMOUNT CALCULATION, not for forgiveness. Forgiveness is 8 weeks of wages, utilities, etc. Clear?
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Surly Thread of Business Owners/Managers, Etc. & Current Business Climate
Correct. All W-2 and 1099 subcontractors can be included in "payroll costs". Exclude any amount of W-2 and 1099 wages for individuals that are in excess of $100,000/year. Also, it's salaries, wages, tips, health care insurance costs, and all federal/state payroll taxes. Add it all up for last 12 months, take the monthly average, and multiply by 2.5x. That's the max amount of the loan you can receive. For loan forgiveness, you may get up to 8 weeks of relief of payroll costs, rent, utilities, and mortgage interest expense. There are a couple of "tests" that can lower the amount of loan forgiveness: #1: are the number of your FTE (full-time-employees) for the 8-week period beginning on date of loan less than the average # of FTEs between Jan. 1, 2020 and Feb. 29, 2020? If so, this reduces the amount of loan forgiveness. #2: are any salaries reduced by 25% or more during this period? If so, this reduces the amount of loan forgiveness.
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Surly Thread of Business Owners/Managers, Etc. & Current Business Climate
Up to 553k this morning. FYI.
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2020 Golf Thread of Disappoint Yourself
Our club is open. Played Tuesday and Wednesday. Shot 85 on Wed with 3 birdies. My putting is shit right now.
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Bourbon
Paid retail, $30.
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Bourbon
Just scored a bottle of Eagle Rare. First one ever.
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2020 Golf Thread of Disappoint Yourself
I've been using the virus break to read golf books. First up was Stan Utley "Art of the Short Game". Follows the same philosophy as his putting method. After 2 practice chipping sessions, I'm seeing a great improvement. Weight about 60% on front leg, fold, turn and hold. Strike ball first. Makes chipping easy, just need to have a feel on distance. Pitching, a little tougher, but the idea is to use the bounce and strike ground first, before ball. Similar technique to chipping, but add in wrist hinge. Send ball high with soft landing. Key is to stay forward on lead leg to prevent fats and thins.
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All Things Brisket
Turned out good. Moist, tender.
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All Things Brisket
Funny, same thing happened here with that New Zealand brisket. 14lb cooked in 7 hrs. Straight through stall. I noticed it didn't have much of that hard fat cap, just had a good amount of the soft fat that cooks off. I'm about to carve up, so we will see how it turned out.
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All Things Brisket
Found a New Zealand grass fed beef brisket at Tom Thumb on clearance for $3.50 / lb. Smoking it today.
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Ski Season 2019/2020
CB, now a Vail property, emailed earlier this week that they would refund individual tickets purchased, but no refunds on season passes or Epic passes.
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2020 Golf Thread of Disappoint Yourself
My club is open, Golf only. I have been practicing, but haven't played because of work and rain. Our club turned the cups upside down, as a preventative measure. Here was an email today: Beginning today, the cups on all greens will be set upside down. Once a ball has hit the cup, it's deemed holed. The flag stick is not to be removed during play. All rakes and ball washers are being removed from the course today. Should your ball land in a footprint or location previously played from, you may place the ball as near as possible to the original lie where the sand is smooth with no penalty. We ask after hitting a bunker shot, please smooth the bunker divot and footprints with your feet as best you can.
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2020 Golf Thread of Disappoint Yourself
Get a new driver, and take a look at new iron shafts. They have come a long way in last 10 yrs. Also, modern drivers allow you to quickly change the shaft, so you can tinker if you want. Buy shaft, try it, sell it, rinse repeat.
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Bourbon
EH Taylor BiB for $89? Good deal? Bookers for $89?
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Ski Season 2019/2020
Crested Butte is nice right now, even during Spring Break. Not many lift lines to speak of, and the snow is great.
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2019/2020 Hunting Thread
Would not use. You only need 1 arrow most of the time. This is technology that provides a solution where no problem exists. That being said, you have to hand it to those Euros. Great engineering. Sounds quiet, looks smooth.
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2020 Golf Thread of Disappoint Yourself
Seconded. End of last summer I was nails, bringing the hc down to sub 7. 5 months off, winter conditions, and I can't chip or pitch worth a damn. Driver is still nails, irons are solid. Mentally just know it will get better as the grass greens up and fairways soften. That, and many months more of playing /practicing.
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Man City banned from CL for two years
Agree. If you want parity, institute a salary cap.
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Ski Season 2019/2020
Baller! Great shots! I'm always too busy gobbling up powder to stop and take pictures. That, and either skiing alone, or with guys who don't stop.
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Ski Season 2019/2020
I highly recommend gloves from Free the Powder. Small, independent company in SLC. Quality gloves, similar to Hestra, for a fraction of the cost. Super warm, amazing stuff.
- Scotch
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Scotch
I've been enjoying this myself. Kind of has a bourbon flavor with the sherry and oak barrel finishes. Spicy finish.