4 Reasons to File Your Taxes Early in 2022 And four reasons you may want to wait Tax season 2022 is nearly upon us. The tax filing deadline this year is April 18 (Tax Day). The IRS hasn’t officially announced when you can start sending your tax returns, but the earliest you can file [...]
Read this article at KOCO online and watch video Expert provides answers for Oklahomans curious about upcoming child tax credit payment Perris Jones Long-awaited payments will hit Oklahoma parents' bank accounts this week as the IRS's child tax credit payment will go out Thursday. Things will look a little different this year for Oklahomans who [...]
FREE WEBINAR: Advanced Child Tax Credit We invite you to join a free webinar about the upcoming Advanced Child Tax Credit (CTC) monthly payments from the IRS that will start in July. This webinar will be held on Monday, July 19 from 3:00 - 4:00 Central. This webinar will provide you with information on CTC [...]
Millions of Americans Are About to Get $3,600 in New Stimulus — Are You One of Them? While a fourth stimulus check might not be in the cards, a new $3,600 benefit for millions of Americans will now be on its way come July. New direct monthly payments will be disbursed as part of an expanded [...]
If You Get This Message From the IRS, Don't Open It New Tax Credit has scammers clamoring to take advantage of you. Scam callers claiming to be from the IRS are a dime a dozen. While tax season has come to an end, you might be gearing up to receive the IRS' child tax credit [...]
Stimulus Perk Helps Pay for Your WiFi and Laptop The Federal Communications Commission recently introduced the Emergency Broadband Benefit program for families who meet certain income criteria. Through the program, families may receive up to $50 per month toward their broadband service and associated equipment rentals. Households on qualifying tribal lands may receive as much [...]
Am I eligible for the new round of PPP? Companies with 300 or fewer employees who suffered a 25% drop in any quarter’s revenue from 2019 to 2020 are eligible for the second round of PPP. This means a 25% or more reduction in gross income from any quarter in 2020 relative to that same [...]
Need pandemic assistance for your small business? Here's a rundown of several economic relief programs that are available. Despite the improved numbers for new cases and deaths compared to the peak of the pandemic, COVID-19 continues to have an outsized impact on small businesses. The passage and signing of the American Rescue Plan Act in [...]
Homeless Americans who don’t have a fixed address or bank accounts will have to jump through an array of hoops to claim their payment If you are homeless, you can go to a tax return office where they will file something called EIP return. They will put the money on a debit card after, What [...]
No Longer Accepting PPP Applications UPDATE May 5, 2021 | Green Country FCU is no longer accepting PPP applications as the SBA-backed program has run out of funds. Any applications approved but not yet funded will still be processed. This does not affect PPP loans funded. Here’s a rundown of several economic relief programs [...]
Self-employed and gig workers could get bigger loans under new PPP rules. It just got easier for businesses with less than 20 employees to obtain a PPP loan. The Government changed how the Small Business Administration's Paycheck Protection Program calculates forgivable loans for the smallest firms and sole proprietors. The updated formula — which will likely [...]
As the COVID-19 vaccine roll-out continues, it’s important to be on the lookout for scams. The Financial Crimes Enforcement Network (FINCEN) recently issued a new warning about vaccine scams: Beware of scams offering early access to vaccines for a fee. Keep an eye out for phishing scams where scammers email or text you with phony [...]
Farmers gain greater access to small business support as PPP reopens Farmers who run their operations as sole proprietors, independent contractors, or otherwise self-employed individuals will have newly expanded access to the Paycheck Protection Program (PPP) under changes made in the COVID stimulus package Congress approved last month. Producers who were denied PPP loans or [...]
Notice: Paycheck Protection Program resumed January 11, 2021 at 9am ET SBA, in consultation with the U.S. Treasury Department, reopened the Paycheck Protection Program (PPP) for First Draw PPP Loans the week of January 11, 2021. SBA will begin accepting applications for Second Draw PPP Loans on January 13, 2021. I'd like more information about PPP [...]
Update January 14, 2021 Paycheck Protection Program applications are open again There are two applications available: First Time Borrower Application - You did not receive a PPP loan in 2020 APPLY NOW - PPP First Time Borrower Second Time Application - You received a PPP loan in 2020 2nd Time Borrower Application [...]
New stimulus package makes it easier to qualify for food stamps. Here’s what you need to know Millions of Americans report not having enough money to pay for food during the pandemic. The latest Covid relief package expands food benefits, giving further aid to millions of Americans who are facing financial difficulty because of the [...]
People can check the status of both their first and second payments by using the Internal Revenue Service's Get My Payment online tool. When will you get your stimulus payment and how? A second round of stimulus payments are on the way and many eligible families are expected to receive the money this month. The first payments started [...]
The Application The 3508S is a one-page application, with a second page for demographic information. Instead of having to show your forgiveness amount calculation as you do on the 3508EZ, you simply certify seven things: The dollar amount for which forgiveness is requested does not exceed the principal amount of the PPP loan and: a) [...]
If you lost your source of income or had reduced income because of the ongoing coronavirus pandemic, making payments on your federal student loans may be nearly impossible. With the extension of The CARES Act, those borrowers have relief from paying through December 31st. The Federal Trade Commission (FTC) says if you have qualifying student [...]
There are so many COVID-19 scams circulating right now. Everything from stimulus money fraud to imposter contact tracers and everything in between. Stay aware and keep your personal information safe. Here are some tips from the FTC. KEEP CALM & AVOID CORONAVIRUS SCAMS Learn how to tell the difference between a real contact tracer and a scammer. [...]
If you have been impacted by the national COVID-19 health crisis and are having trouble paying your mortgage payment, forbearance may be an option for you. Forbearance is offered by some lenders to borrowers who have experienced a financial hardship such as a loss of income or increased medical expenses. Eligible borrowers approved for forbearance [...]
Applications are no longer being accepted for this program. Oklahoma Business Relief Application & Guidelines Green Country is participating in the Oklahoma Business Relief Program (OBRP) which is a one-time grant for up to $25 million for qualified businesses. The OBRP is a state-level program administrated by the Oklahoma Department of Commerce. OBRP requires that [...]
Tip #1: Use the Covered Period for Payroll Costs A first tip to maximize PPP forgiveness? Use the eight-week covered period that starts when you get the PPP loan. Not the alternative covered period which starts the day the next payroll period starts. (You get to choose which eight weeks you look at.) The reason? [...]
Paycheck Protection Program Update Our commercial lending team has worked tirelessly since late March helping our small business members and new relationships stay afloat by utilizing the SBA's Paycheck Protection Program. To date, we've helped 90 business owners receive an average of $35,010 in what should be forgivable loans to pay employees and utilities. We've [...]
We want you to know that we’re not going anywhere, because at its core, our credit union is not a building or a business, its people unified for a common goal of financial well-being. We’re always here for you. These are difficult times for everyone, and we know that some of your biggest payments are [...]
When will you see your Stimulus Check? Please note that Green Country FCU cannot see your stimulus payment until it is direct deposited or until you deposit a paper check. We do not have control over when these funds are deposited. The Internal Revenue Service started sending out stimulus payments this week and while some [...]
► APPLY for the Paycheck Protection Program What is the Paycheck Protection Program? The Paycheck Protection Program is part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This is a nearly $350-billion program intended to provide American small businesses with eight weeks of cash-flow assistance through 100 percent federally guaranteed loans. Program highlights All [...]
