COVID-19 Updates from GPL Tax & accounting
As we enter the peak of tax season, GPL, our community and clients are faced with the extra anxiety and uncertainty of the impacts of the novel coronavirus. In the weeks ahead, part of our efforts will be to keep you up to date with relevant and reliable information. Please tune in to this blog and our FaceBook page to get the latest news.
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Economic Injury Disaster Loan (EIDL) Advance application submission number MUST begin with the number “3” to be valid. Check your application immediately. Last night NSA reached out to the Small Business Administration (SBA) to clarify confusion caused by the redraft...
We understand it may be overwhelming the amount of new information you need to follow these days. So many checks and even more questions! There is a lot of confusion out there over the details surrounding the Coronavirus stimulus checks, so below we’ve compiled a list...
מועד הגשת דוחות המס עבור 2019 וביצוע תשלומי מס התאריך להגשת דוחות מס עבור 2019 ותשלום 2 מקדמות המס הראשונות עבור 2020 עודכן ל 15 ליולי – אין קנסות עד למועד זה גם אם ישנה חבות מס. הגשנו עבור כל הלקוחות שלנו בקשת ארכה ל 15 לאוקטובר – במידה וישנה חבות מס שתשולם לאחר ה 15...
Who is eligible for the Economic Impact Payment? U.S. citizens or resident aliens who: Have a valid Social Security number, Could not be claimed as a dependent of another taxpayer, and Had adjusted gross income under certain limits. Who will receive the Economic...
The new fund will issue $500 grants, getting money into the hands of King County based restaurant workers within 48 hours. It was created by The Schultz Family Foundation, in partnership with All In Seattle, the Seattle Foundation, UpTogether and other Seattle-area...
The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities. Fully Forgiven Funds are provided in the form of loans that will be...
The House of Representatives has passed the Senate approved CARES Act. Trump signed the act into law. Here are the takeaways from this and what to expect in the near future. Keep American Workers Paid and Employed The Paycheck Protection Loan Program, budgeted...
SBA PPP Forgiveness Webinar 5 28 2020
3nd video in GPL series:
New guidance for Schedule C Filers (PPP)
2nd video in GPL series:
Paycheck Protection Program (PPP) Introduction
1st video in GPL series:
Internal and Operations:
Goverment Reliefe & Taxes quick links:
Employees & HR:
Cash and financing:
The Internal Revenue Service announced today that later this summer taxpayers will for the first time be able to file their Form 1040-X, Amended U.S Individual Income Tax Return, electronically using available tax software products. Making the 1040-X an electronically...
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