Gateway Tax Service - Moreno Valley

05/19/2020

Went ahead and smoked these two birds...

04/15/2020

If you received a Bank Product when filing your taxes the IRS has the bank's Direct Deposit Info. In Gateway's case the bank is Refund Advantage. Refund Advantage will not accept the Stimulus Check deposit and then the IRS will mail your Stimulus Check directly to you with the address that is on your tax return. This process will cause a delay in receiving your refund, but you will receive it.

****Edit*** A Bank Product is if you received an advance or if you had your fees deducted from your refund.

04/11/2020

There are two types of loans available:

Paycheck Protection Program (PPP) loans aim to provide the liquidity that small businesses need to support employees throughout the coronavirus crisis and not have to resort to lay-offs.

Small Business Administration (SBA) Economic Injury Disaster Loan (EIDL) will help small businesses recover for broader economic injury related to the outbreak.

Here’s a quick breakdown of each loan program:

Paycheck Protection Program (PPP) Economic Injury Disaster Loan (EIDL)
Loan Period February 15, 2020 to June 30, 2020 January 31, 2020 to December 31, 2020
Maximum Loan Amount $10million
$2 million Eligible Borrowers

• Any small business, private or non-profit, veterans service group, or food and hospitality businesses with less than 500 employees or meets SBA size standards

• Businesses in operation as of Feburary 15, 2020

• Self-employed individuals

• Independent contractors

• Sole proprietorships
• Any small business, private or non-profit with less than 500 employees or meets SBA size standards

• Self-employed individuals

• Independent contractors

• Sole proprietorships

Debt Forgiveness Loan forgiveness may be applied to 8 weeks' worth of funds allocated for payroll cost, mortgage interest, rent, and utility expenses incurred after receiving funding. Loan forgiveness may only be applied to the $10,000 emergency cash grant.

The cash grants will also be credited towards the maximum forgivable amount under any PPP loan.

04/01/2020

Build your immunity and hydrate. Stay Safe and Stay Home

04/01/2020

These little gems are really good as well ...

03/17/2020

Will sports return by Football Season?

03/15/2020

Corporate and LLC Tax Returns are due Monday 3/16/2020 and Gateway can file extension for you that gives you until 9/15/2020 to get the return done.

01/28/2020

01/27/2020

01/27/2020

We had the pleasure of serving some good food to an awesome group of people! was a huge success

01/23/2020

Did you have 1099 income last year? Don't miss these valuable tax write-offs:

⛽ gas fill ups

📱 phone bills

📓 work supplies

💻 software fees

🏠 home office expenses

🍔 meals with clients

🎓 education expenses

🔧 car maintenance

📢 advertising expenses

🌐 website hosting fees

🛫 business travel

📛 conference fees

👥 contractor expenses

🅿️ parking fees

🧾 licensing expenses

🏦 bank fees

01/21/2020

Gateway Tax Service is the only Company in the Industry giving out advances this BIG before the IRS opens! Book your appointment today. 951.667.7500