As we are currently experiencing a global pandemic, rest assured that the health and well-being of our team members, clients, families, friends, and the community at large remains of utmost important to our firm. This resource center will be updated with timely information from our team of experts, based upon facts as they arise. We understand that COVID-19’s impact on businesses has been great. As many of us our experiencing information overload, our goal is for this to be a place businesses and their owners can come to gather factual insights, from our dedicated advisors, related to the impact COVID-19 will have on the tax environment, different industries, and business events in general.
Most importantly we are available, and we are here to help.
BREAKING: Starting the week of April 13th, the #IRS will be opening a new online portal where taxpayers can check the status of their #CARESAct economic impact payment and provide bank information for #IRSDirectDeposit if needed. Details via: https://www.taxbuzz.com/blog/track-your-economic-impact-payment-in-the-new-irs-portal
The CARES Act will add another layer of complexity to state income tax compliance, which was already complicated by the TCJA. https://www.teamdkb.com/blog/state-and-local-tax-filing-and-payment-extension-due-to-covid-19/
#taxplanning #covid19impact #busniessplanning #taxstrategy #stateandlocaltax #SALT #caresact #COVID19Pandemic
In addition to many of the well known loan programs, such as the Payment Protection Program and Economic Injury Disaster Loan, the #SBA has allowed for certain subsidies on loans guaranteed by the SBA.
https://www.teamdkb.com/blog/subsidy-for-certain-sba-loans/
#caresact #covid19impact #smallbusinessrelief
The night before banks started to accept applications, the #SBA released further guidance in regards to the paycheck protection program (PPP). Find out what you need to know in 5 minutes or less.
https://www.teamdkb.com/blog/understanding-the-sba-guidance-issued-yesterday-banks-start-accepting-sba-loan-applications-under-the-cares-act/
#sbaloans #caresact #smallbusinessplanning #taxplanning
