San Diego Certified Public Accounting Firm Since 1983
The Employee Retention Credit (ERC) was originally created as part of the CARES Act, passed in March of 2020. This was a refundable payroll tax. . . READ MORE »
On January 15, 2021, the IRS announced that it won’t be ready to start accepting and processing 2020 tax returns for individuals until February 12,. . . READ MORE »
On December 27, 2020 President Donald Trump signed into law the $900 billion Covid-19 relief bill passed by Congress on December 21, 2020. The largest. . . READ MORE »
On November 30, 2020 Governor Gavin Newsom announced the creation of a $500 million Covid-19 Relief Grant for small businesses that have been impacted by. . . READ MORE »
California has multiple resources for small businesses impacted by Covid-19 including the following: Extensions, Tax Relief, and Credits Extended filing Deadline The California Department of. . . READ MORE »
Under the CARES Act, the amount of Paycheck Protection Program (PPP) loan forgiven is excluded from gross income. On May 2, 2020 the Department of. . . READ MORE »
Under the CARES Act, the amount of Paycheck Protection Program (PPP) loan forgiven is excluded from gross income. On May 2, 2020 the Department of. . . READ MORE »
News Update On June 4, 2020 the IRS released Notice 2020-39 providing relief for Qualified Opportunity Funds (QOFs) and their investors in response to the. . . READ MORE »
For businesses experiencing financial difficulty in 2020 due to the COVID-19 crisis, utilizing all methods to sustain cash flow is imperative. One option to be. . . READ MORE »
On Thursday May 28, 2020 the House approved a bill which, if approved in the Senate and signed by the President, would make several favorable. . . READ MORE »