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Up is Down, and Down is Up
….On this April 15th, which in any other year would be a very busy time for us. We are still closed to in-office visits until May 4th and the staff are coming in to work on a very limited and staggered basis. All employees are checking emails from home and responding throughout the day. For…
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IRS extends more tax deadlines, including Form 990-series returns and notices
Last month, the IRS announced that certain taxpayers generally have until July 15, 2020, to file and pay federal income taxes originally due on April 15. The IRS has extended this relief to additional returns, tax payments and other actions. As a result, the extensions generally now apply to all taxpayers that have a filing…
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Here’s how much individuals will get from the Economic Impact Payments
Employed full or part time? Unemployed? A temporary or gig worker? Retired or disabled? Receive public benefits? Have no income? Most U.S. residents – under certain income levels – will receive the Economic Impact Payment if they are not claimed as a dependent of another taxpayer and have a Social Security number. Here’s how much…
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$10,000 Free Advance from SBA, Hold Your Horses….
SBA has clarified the following: On March 29, 2020, following the passage of the CARES Act, the SBA provided small business owners and non-profits impacted by COVID-19 with the opportunity to obtain up to a $10,000 Advance on their Economic Injury Disaster Loan (EIDL). The Advance is available as part of the full EIDL application…
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SBA Programs – Scams and Fraud Alerts
It’s sad, but criminals will take advantage of every opportunity. Especially now that people are vulnerable. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the largest financial assistance bill to date, includes provisions to help small businesses. Fraudsters have already begun targeting small business owners during these economically difficult times. Be on the…
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Businesses will be Re-Opening to the Public Soon
My target date is May 4th. Of course I set that date on April 1st and I’m monitoring this situation on a day-by-day basis. There have been a lot of hard learned lessons and some opportunities for small businesses that came as a result of this Coronavirus Pandemic. A lot of businesses are going to…
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IRS Extends more Tax Deadlines due to Coronavirus
Last month, the IRS announced that taxpayers generally have until July 15, 2020, to file and pay federal income taxes originally due on April 15. No late-filing penalty, late-payment penalty or interest will be due. Today’s notice expands this relief to additional returns, tax payments and other actions. As a result, the extensions generally now…
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We’re Here if You Need Us – Use Email
During the month of April, although the office is closed to the public, we are busy filing tax returns! During the month of April we have a very limited schedule where we are staggering employee in-office work hours. If you have not yet filed the 2019 taxes you may schedule an appointment between May 4…
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Be Smart. Be Safe. This will Pass.
The best way to prevent infection is to avoid being exposed. COVID-19 spreads from person to person, and can be spread by those who are infected but don’t display symptoms. The CDC advises washing hands, avoiding close contact with others, and cleaning and disinfecting surfaces. Older adults and those with underlying chronic medical conditions should…
