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COVID-19 CARES Act and Tax Update

As the situation evolves we are updating and sharing resources. LEARN MORE

Provisions Affecting Individuals

All U.S. residents who have a work eligible Social Security number and…LEARN MORE

Provisions Affecting Businesses

The CARES Act allows for the carryback of NOLs arising in taxable years… LEARN MORE

State Provision Conformity and Other State Updates

On Thursday, April 2, 2020, Governor Gavin Newsom announced that … LEARN MORE

COVID-19 Tax Planning Ideas

Here is a list of the provisions in the CARES Act which impact retirement accounts: LEARN MORE

Paycheck Protection Program (PPP) – Loan Calculator

Your business could be eligible for the Paycheck Protection Program if you are: LEARN MORE

Loan Program Comparison Chart

Compare PPP, EIDL, Main Street Facility and SBA Loans. LEARN MORE

Accounting for Your Paycheck Protection Program (“PPP”) Loan:

GPW recommends that a new general ledger account be created to track the PPP loan… LEARN MORE

Audits of PPP Loan Applications

The Paycheck Protection Program (“PPP”) loan was intended to sustain small businesses… LEARN MORE

Supporting our Community

As you may know, GPW takes pride in supporting our community by providing… LEARN MORE

Resources: Federal News and Resources

IRS Coronavirus Tax relief News Releases, IRS: IR-2020-59: People First Initiative, and more… LEARN MORE

Resources: State and Local Assistance

California Franchise Tax Board Notice 2020-20 Extension of time to file tax protests, LEARN MORE

Resources: Loan Assistance

U.S. Small Business Administration: COVID-19 Economic Injury Disaster Loan Online Application LEARN MORE