DrausAndAssociatesCPAs

It's April 15, the traditional tax filing deadline. Jan Lewis, #AICPA tax executive committee member, helps explain who owes taxes today and who can wait until the May 17 deadline. bit.ly/3to207A

#AICPA calls for full deductions of PPP expenses, removal of remote work tax obstacles, and relief to state and local governments, among other policies, in the next round of COVID-19 relief stimulus legislation. bit.ly/2ZZtows

CPAs have no excuse to return to crowded offices, especially not in states where #COVID19 is having a second wind. #Accounting will remain “remote-flexible” for the foreseeable future. Here are 6 productivity hacks for the remote CPA: trib.al/7SZxEiC

With the #2019tax deadline approaching (without filing an extension) , here are some good reasons to consider an #IRS #Extension #72afa3a35b5e" target="_blank" rel="nofollow noopener">forbes.com/sites/robertwo…

Finally some guidance!! #sba #PPPloan #SmallBusinesses journalofaccountancy.com/news/2020/jun/…

Sen. Gardner says he hopes the Senate can pass the House PPP fix by Unaimous Consent (possibly) today. All it takes is 1 senator to object to UC and reportedly there is division within the GOP caucus on how to go forward on this. cnn.com/2020/06/02/pol…

U.S. Senate leader hopes for quick passage of House coronavirus small business bill yahoo.com/news/u-senate-…

This summer for the first time, taxpayers will be able to electronically file their Form 1040-X, “Amended U.S. Individual Income Tax Return.” trib.al/IqMR2Xr

House just passed PPP flexibility bill 417-1. Senate to take up over coming days. We will discuss at 3 pm on @AICPA Town Hall.

BREAKING: A date has been set. On June 3, Chicago will cautiously reopen in a way that protects the health & safety of our residents. chicago.gov/reopening

Hang on #SmallBiz with #ppploans . Hopefully we'll get some #guidance soon! inc.com/diana-ransom/p…

Good @bloombergtax article on #PPPLoan forgiveness recommendations from @AICPA, with comments from @markkoziel bit.ly/2yWw6YN

As of 3:30 pm EDT today, @SBAgov has processed more than 100,000 #PaycheckProtectionProgram loans submitted by more than 4,000 lenders.

The rules surrounding the Payroll Protection Program (PPP) under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) are evolving. It is very clear that accountants will play a critical role in the loan application process: trib.al/QQ2kKE4

#IRS has posted answers to frequently asked questions on the filing and payment tax relief provided in response to the ongoing #COVID19 emergency. These questions and answers will be updated periodically. See irs.gov/coronavirus

For assistance and questions regarding your #CARESAct #StimulusChecks go to irs.gov/coronavirus/ec…

The #IRS deadline is extended to July 15. All taxpayers -- individuals, corporations, other non-corporate filers and those who pay self-employment tax -- can also defer income tax payments. See irs.gov/coronavirus

The IRS and the Treasury Department are extending a number of tax deadlines for individuals, trusts, estates, corporations and others due to the impact of the novel #coronavirus. trib.al/uCrpQNr

GET LOCAL HELP: These are challenging times for small businesses across the country but SBA's regional & district offices and resource partners are here to help with free counseling, training, and other resources. 🔎 Find business assistance near you. 👇

The #CARESAct has established new programs to help small businesses impacted by #COVID19 including: 1️⃣ Paycheck Protection Program 2️⃣ Up to $10K Economic Injury Disaster Loan Advance 3️⃣ Bridge loans for businesses that have used SBA Express 4️⃣ SBA loan debt relief Learn more. ⤵️