Attention Clients: As news changes daily regarding the COVID-19 (Corona) Virus, we are sure all of you have questions regarding tax relief legislation. We are monitoring pending legislation in Congress. The bill that was passed by the House of Representatives last Friday has yet to be approved by the Senate. At this time nothing definitive...Read More→
News & Events
ATTN CLIENTS: We are sure your emails have been flooded with updates from everyone, however, we’d be remiss if we didn’t share some of the recent developments and provide ongoing tips for those that may be impacted by this crisis. During any time of crisis, knowledge is invaluable so make sure you stay informed with...Read More→
March 23, 2020 We know as health care professionals you are scrambling to get information on “Families First Coronavirus Response Act” passed by the United States Senate and signed by the President. The bill addresses a host of issues related to the Coronavirus national emergency. This information was issued on the IRS Newswire dated...Read More→
As we have done with the information being issued by the Federal Government regarding the COVID-19 Emergency, we also would like to continue to keep everyone up to date on other changes and how we, the DentalCPAs team, are working with our clients. We learned this morning that another piece of legislation has been passed...Read More→
As we continue to update you on the latest news and changes, please take a look at the following list of important links. BUSINESS CLIENTS Coronavirus Tax Relief | Internal Revenue Service – www.irs.gov/coronavirus Disaster Loan Assistance – https://disasterloan.sba.gov/ela/Information/Index Industries Affected by Coronavirus (COVID-19) – https://verticaliq.com/covid-19/ SBA Specific Resource – https://www.sba.gov/funding-programs/disaster-assistance COVID-19 Working Captial Access...Read More→
The District of Columbia Office of Tax and Revenue has announced that the deadlines remain unchanged for individual and business taxpayers to file their Tax Year 2020 estimated tax payments (Forms D-40ES, D-41ES, D-20ES, and D-30ES). The first quarter payments are due April 15, 2020, and the second quarter payments are due June 15, 2020....Read More→
The madness of last week is over and we know you have been evaluating your situation, reorganizing your life, and making decisions trying to find your balance during this new “temporary” normal. Your head is likely spinning from all the information flying around the internet, webcasts, and from friends and colleagues. We completely understand and...Read More→
If you would like to borrow using the SBA Economic Injury Disaster (EIDL) loan, then you should apply for it now as the Federal funds available to provide for these loans are not unlimited. The EIDL loan is not the loan that has loan forgiveness provisions in it as provided for in the CARES Act....Read More→
On March 27th, Congress passed the $2 trillion stimulus bill – the Coronavirus Aid, Relief, and Economic Security (CARES) Act – which will provide significant tax and non-tax stimulus to individuals and businesses. Here’s a breakdown of what this bill will mean for businesses, individuals, and our national economy in the wake of the COVID-19...Read More→