Coronavirus (COVID-19) News & Updates

IRS Website for Up-To-Date Information on COVID-19 - Click Here

 

June 12, 2020

Please see our informative letter summarizing the latest update on PPP Loan Forgiveness.

 

PPP Loan Forgiveness Update - Click Here

May 29, 2020

The SBA has released its first draft of the PPP Loan Forgiveness Application.  However, a bill is currently going through the legislative floor to update the PPP Loan Forgiveness Process.  This includes a possibility of extending the PPP Loan Forgiveness Period from 8 weeks to either 16 or 24 weeks.  

Economic Impact Payments may now be delivered as prepaid debit cards.  You can check your status by visiting the IRS COVID-19 website above.

April 1, 2020

Please see our informative letters summarizing the CARES Act as well as the SBA Loan options for small businesses.

CARES Act Summary - Click Here

SBA Loan Comparison - Click Here

March 27, 2020

President Donald Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act that includes a $2 trillion aid package, which is designed to help the economy while dealing with the Coronavirus pandemic.

 

 

March 21, 2020

The IRS & NYS have extended its filing deadline for Individual & Corporate Tax Returns from April 15, 2020 to July 15, 2020.  This also includes any tax payments associated with the filing of these returns.  

The 1st Estimated Tax Payment has been moved to July 15 as well.

 

 

March 20, 2020

As of March 20, 2020, our office is no longer hosting in-person client meetings.  All meetings going forward will be done via telephone or video conference.  

We hope nothing but the best for our clients and safety is our #1 priority.  We will get through this together.  

#BuffaloStrong