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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EIDL Application Change
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...
Q&A About the Coronavirus Stimulus Checks
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...
עדכונים חשובים לאזרחים ותושבים אמריקאים בעקבות המגיפה
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...
Non-Filers: Enter Payment Info Here
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 Plate Fund” –Relief Fund in King County for Restaurant Employees
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...
SMALL BUSINESS PAYCHECK PROTECTION PROGRAM
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...
Coronavirus Aid, Relief, and Economic Security Act (CARES Act)
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...
Videos
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:
Resources
Public health:
King County – Public Health recommendations
Internal and Operations:
Model letter for internal company communication
List of all the companies WFH or events changed because of covid-19
Goverment Reliefe & Taxes quick links:
Families First Coronavirus Response Act
List for impacted Washington businesses and workers
Seattle’s small business (SBA) stabilization fund
SBA Disaster relief recovery center
Press release center from the American Insitute of CPAS (AICPA)
IRS disaster assistance and emergency relief program
Remote Working:
Making the Most of “Going Virtual” in Response to COVID-19
List of all the companies WFH or events changed because of covid-19
Employees & HR:
WA employment Security Department guidance for workers and business during COVID-19 Emergency
COVID-19 Scenarios & Benefits Available
CDC Interim Guidance for Businesses and Employers
COVID-19 Practical Considerations and Guidance for Employers
Cash and financing:
IRS announces Form 1040-X electronic filing options coming this summer
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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