To Our Valued Clients: We hope the start of this new week finds you and your families healthy and safe. As tax & financial information surrounding Covid-19 has been coming out fast and is fairly complex, we are hoping to continue to provide you with just one place where you can go to get your tax/business information surrounding the current situation. We encourage you to go to our website as we are updating that information as fast as it's available. So generally, something is updated there about every couple of days. Find that information here: tdcpagroup.com/coronavirus My team and I have spent much of the weekend reviewing the new Stimulus Package that was signed by the president last Friday (CARES Act) and you will find on our website, amongst other key information, a few key points about items that are coming out of the act that are pertinent to both individuals and businesses. Some key points on the individual side is information on how much you can expect to receive related to the recovery checks that are supposed to be hitting our bank accounts in the coming weeks. On the business side, there are a number of items in the new bill but I believe the largest benefit is to potentially be had from the passage of the new "Paycheck Protection Program" where forgivable loan dollars are being paid out, and I believe most businesses should qualify to receive something without having to repay it. Please take a look at the information and reach out to us with your questions and/or concerns. With respect to our office. We will continue to operate remotely for the foreseeable future. We have been doing a lot of e-mailing and phone conferences with clients this past week and that seems to be going very smoothly; so please do not hesitate to reach out to us. For now, stay safe, and I'm sure we will be in contact in the coming days & weeks!
March 16th, 2020 Letter
We hope you all are safe and healthy. With respect to how Coronavirus (COVID-19) is effecting the tax/financial world, we will be sending you information as soon as we have it, which is generally in advance of releases to the general public. With that said, what we can currently share with you is we were notified by the American Institute of CPA’s (AICPA), over the weekend, that based on their conversations with U.S. Treasury, they are expecting the IRS will announce, this week, an extension of the April 15th tax deadline by as much as 90 days, and a waiver of penalties and interest for most tax payers. As more specific details surface we will be sharing that information with you.
With respect to best Coronavirus protocol, as recommended by the CDC and by our CPA industry, we are increasing our efforts to implement a “social distancing” policy over, at least the next few weeks. For the protection of our employees and clients, we are postponing any face-to-face client meetings for at least the next few weeks. With that said, we’ll be increasing our levels of electronic communication and telecommunication with our employees and clients. If you need to reach us or have questions, we are here, as normal to take your phone calls and e-mails. If you have something to drop off, we encourage use of your client portal which allows you to upload information and files to us. Password protected emails can be effective, then there’s always the regular mail as well. Rest assured, our office is still operating at high capacity, as we have the capability to work remotely in addition to in the office, so we are able to keep client matters moving along. If you have any questions and/or need anything, do not hesitate to reach out to us.