It's a late start to the tax year with returns not able to be filed until February 12th, but we can get your return completed and ready to be filed on day one. Give us a call to make your appointment!
From the SBA: Treasury and the Small Business Administration released a PPP Forgiveness Factsheet . The factsheet provides the steps for applying for loan forgiveness. As a reminder, borrowers can apply for forgiveness any time up to the maturity date of the loan. If borrowers do not apply for forgiveness within 10 months after the last day of the covered period, then PPP loan payments are no longer deferred and borrowers will begin making loan payments to their PPP lender.
People must use Get My Payment by noon Wednesday, May 13 , for a chance to get their Economic Impact Payment by direct deposit. After noon Wednesday, the IRS will begin preparing to mail millions of additional payments to those who haven't received one yet. Taxpayers can expect to receive these payments beginning in late May. People who use Get My Payment before the deadline can still take advantage of the direct deposit option. https://www.irs.gov/newsroom/taxpayers-act-now-to-receive-economic-impact-payments-by-direct-deposit
The Paycheck Protection Program has been re-funded and is offering low interest loans that doesn't have to be paid back as long as certain conditions are met. This IS available for self employed individuals who use a Schedule C to report income. Find more details here: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program
To get the $500 per child stimulus payment this year, non-tax filing SS & VA recipients & others must register by noon tomorrow: https://www.irs.gov/coronavirus/non-filers-enter-payment-info-here. Please share.
Some helpful guidance on stimulus checks can be found here: https://www.propublica.org/article/whats-the-deal-with-coronavirus-stimulus-checks-and-how-do-i-get-one
Paul Marshall passed away on March 4th, 2020. He was beloved by his clients, and, as his daughter, I'm grateful to have learned tax preparation from him, working behind the scenes for many years. My first job was working for my father as his secretary when I was 18 in Punta Gorda. Now, I'm blessed to continue the business he started all those years ago and continue his legacy of service from the heart. Thank you for sticking with us during this time of transition.