Covid-19 Statement to Our Clients

In these unprecedented times, most, if not all, Americans are feeling the impacts of the coronavirus
(COVID-19) pandemic. Thousands are sick, a large number have died, millions of jobs are being lost amid
quarantine orders and small businesses are facing exceptional challenges to keep their doors open. The
federal government is committed to helping individuals and businesses during these uncertain times. In
addition to pushing back the April 15th tax deadline to July 15th, the government plans to issue stimulus
checks to most taxpayers, increase unemployment and authorize lenders to issue SBA loans with simpler
application processes, which in certain circumstances may not have to be repaid. Many states have also
extended filing deadlines and loosened eligibility requirements for unemployment benefits. As information
from media outlets and federal & state governments roll out in record speeds, we know you have many
questions from a business and personal standpoint, for example:

 How do I know if I’m getting a stimulus check?
 Is it possible to take distributions from my retirement account to pay my monthly expenses
without incurring penalties?
 As a self-employed individual, is it possible to apply for unemployment benefits?
 Am I required to pay my employees if they’re at home with their kids while schools are closed?
 What if I can’t afford to pay my employees sick or family leave?
 Is it better to lay off my workers or put them on temporary leave?
 Is a self-employed individual eligible for sick leave or family leave pay?
 How do the employer credits work if I pay sick or family leave to my employees?
 What are the qualifications for getting an SBA loan to keep my business afloat?
 What type of SBA loan may not require repayment?

Right now, your highest priority is your health and the health of those you love. We are diligently reading
and researching new legislation, proposed and passed, to understand its impact on you. Our main objective
is to support you and your business and to navigate this complicated and everchanging environment
together. Please contact us and let us help you walk through the details of the newly enacted federal tax
legislation and allow us to be the trusted advisors you hired us to be.

Facing a Tax Audit?
We can Help! Don't Delay!
Contact our Enrolled Agents today!!