CPA Tax Partners

08/27/2020

Did you know required minimum distributions (RMD) were waived by the CARES Act for 2020?

Here's what you need to know.

⏰August 31, 2020 is the deadline for returning or rolling over 2020 RMDs.

✅ CARES Act waives required minimum distributions for 2020.

✅ For taxpayers who turned 70 1/2 in 2019.

✅ If RMD is not returned by the deadline, the distribution will be included in your taxable income for 2020.

If you're unsure whether to return your RMD or associated tax implications message me.

08/01/2020

A came to me distraught that are down because of . After probing a bit deeper and looking at the numbers, covid only played a small role in the decline.

The had his team several months earlier. Doing so downsized his ability to to .

What are you currently creating for you and your ?

How can you ?

04/02/2020

Is your or struggling to keep afloat during ?

Trying to make sense of the and applications?

is here to .

Message us for a consultation.

03/31/2020

Are you a , , ? Struggling to cover ?

Under the provisions, there is now a $10,000 available for assistance.

If you previously applied for the EIDL loan and were declined, this does not affect your eligibility for the grant.

If you have questions, please email me at [email protected]

03/28/2020

Do you have loan questions? Are you unsure of the difference between a 7(a) and an ?

We help navigate the loan process. Message us.

03/26/2020

How does affect your ?

Join us for our live where will we discuss the current laws and how they impact your nonprofit.

Registration Link:

https://zoom.us/webinar/register/WN_XA0h6Bq6Tuqeiiy-Y-q6Ww

03/25/2020

Had a great opportunity to connect with a owner. Sarah helps her clients create terrific websites in short turn around time.

03/25/2020

Not able to file your by March 20, 2020 deadline due to COVID-19?

Good news! There's relief for affected .

NYS Quarterly and Annual Sales tax returns and payments must be filed no later than 60 days of the original due date. may be requested on the Department of Taxation and Finance website. Link below.

https://lnkd.in/duk4MBY

If you are a quarterly or annual sales tax vendor, and you were unable to file or pay your March 20, 2020, sales tax return due to COVID-19, you may be eligible to apply to have penalty and interest waived. To determine whether you are eligible, see N-20-1, Announcement Regarding the Abatement...

03/23/2020

Many nonprofits and small businesses have been wondering and questioning how they will get by in the upcoming weeks, (especially without furloughing or downsizing employees).

Guidance is starting to come out regarding the SBA Economic Injury Loan Assistance Program. Right now the geographic areas which are available for the loan assistance are limited.

Link Below.

https://www.sba.gov/disaster-assistance/coronavirus-covid-19?

SBA Disaster Assistance in Response to the Coronavirus

03/23/2020

We're open! We can help file your ahead of the . Don't wait to file your tax returns.

03/23/2020

Stimulus check may be based on your #2019 . Don't wait to file.

#1040