Re: [AFMUG] OT guvmnt loan

[Bill Prince]

That's only necessary if you have a big wind storm that forces you to abandon the planet, and according to NdGT, that ain't gonna happen.

bp
<part15sbs{at}gmail{dot}com>

On 4/20/2020 10:05 AM, ch...@wbmfg.com wrote:

Not into growing potatoes in poop. 

 

From: Ken Hohhof

Sent: Monday, April 20, 2020 11:02 AM

To: 'AnimalFarm Microwave Users Group'

Subject: Re: [AFMUG] OT guvmnt loan

 

Time to book that trip to Mars.

 

From: AF <af-boun...@af.afmug.com> On Behalf Of ch...@wbmfg.com
Sent: Monday, April 20, 2020 11:46 AM
To: AnimalFarm Microwave Users Group <af@af.afmug.com>
Subject: Re: [AFMUG] OT guvmnt loan

 

dunno...  Why pay FICA for myself when I don’t need to?   I can take a repayment on notes payable if I want money without any tax implication.  Or I can take a directors fee without FICA if I want to take money.  But what in the hell am I going to do with a bunch of money in my checking account?  I can buy more TSLA I guess.  I would rather have a Mincon pneumatic hammer drill setup for my directional drills. 

 

Resisting the urge to buy a Tesla or an airplane.  I do miss the C-210 with known ice capability.  But an ultralight would be more fun. 

Could do a sailboat but I would probably never use it.   I used to sail on the Great Salt Lake. 

 

I am just fortunate to be semi-retired and not really wanting for anything. 

Other than visits from kids and grandkids. 

 

In other words “I have sufficient for my needs”.

Maybe a water jet or a CNC laser...

 

From: Josh Luthman

Sent: Monday, April 20, 2020 10:37 AM

To: AnimalFarm Microwave Users Group

Subject: Re: [AFMUG] OT guvmnt loan

 

Why were you not?

 

Josh Luthman
Office: 937-552-2340
Direct: 937-552-2343
1100 Wayne St
Suite 1337
Troy, OH 45373

 

 

On Mon, Apr 20, 2020 at 11:19 AM <ch...@wbmfg.com> wrote:

We are still going to keep it sequestered.  I should have been paying myself...

 

From: Josh Luthman

Sent: Monday, April 20, 2020 9:02 AM

To: AnimalFarm Microwave Users Group

Subject: Re: [AFMUG] OT guvmnt loan

 

It's my understanding that in 8 weeks all you have to do is prove you did payroll for 75% of the amount loaned.  In your case, show 90k came out of the account to payroll.  The reports that the payroll company does, I'm told, should suffice.

 

Josh Luthman
Office: 937-552-2340
Direct: 937-552-2343
1100 Wayne St
Suite 1337
Troy, OH 45373

 

 

On Sun, Apr 19, 2020 at 12:17 PM <ch...@wbmfg.com> wrote:

Lewis,

Are you taking any special measures to be able to prove you used the loan proceeds for approved uses?

Kinda hard when they get comingled with other funds in a general checking account. 

I think we put them in a separate savings account. 

 

From: Lewis Bergman

Sent: Saturday, April 18, 2020 6:09 PM

To: AnimalFarm Microwave Users Group

Subject: Re: [AFMUG] OT guvmnt loan

 

$10k? How many people do you have? I think I got nearly $500k between all the companies.

 

On Sat, Apr 18, 2020, 7:01 PM <ch...@wbmfg.com> wrote:

Got our supposedly to be forgiven $10K loan today.  We shall see...

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