Posts by Alnie Chesnov
Where Is My Stimulus Check?
You should receive information about your stimulus payment from the IRS about now. Many payments went out last week. The IRS says they plan to make additional rounds of payments by direct deposit and paper checks WEEKLY. To check on your payment, it is nearly impossible to call the IRS and get a representative on…
Read MoreApril 3, 2020
This page is the recording of our Q&A session from April 3, 2020. Due to a recording issue, click here to get the slide presentation. Download the slides here. Link to small business definition.
Read MoreApril 1 Q&A
Questions and Answers about the PPP loan program.
Read MoreCovid-19 Relief for New York City Companies
In New York City Mayor de Blasio announced that the city will provide some relief for small businesses: Businesses with fewer than 100 employees who have seen sales decreases of 25% or more will be eligible for zero-interest loans of up to $75,000. Businesses with fewer than five employees can apply for a grant to…
Read MorePayroll Tax Credit for Required paid family leave
Updated March 25,2020 How sick leave and payroll tax credit rules work Credit for Family Leave 100% of the “Qualified Family Leave” wages paid by the employer Employer must have fewer than 500 employees Provide leave when an employee is unable to work or telework due to a need to care for a son or…
Read MoreThe IRS did formally push back tax filing to July 15, 2020
Last Updated: March 25 2020 IRS Frequently Asked Questions for Filing and Payments IRS LINK Some Details Deadline extended for all tax return due 4/15 (Individual, Business, Trust, Estate Income Tax) NO EXTENSION FORMS NEED TO BE FILED States are (will be) following the IRS deadlines If you file and are due a REFUND they…
Read MoreMore detail on NYC Loans
They require a signed affidavit, which you can download here for the continuity loan and here for the employee retention grant program. They want split out or broken down revenue statements for two consecutive months (Jan&Feb, or Feb&March) in 2020 Documentation of revenue following COVID-19 impact. Documents accepted include one or more of the following…
Read MoreMarch 26 Q&A
Here is the video of our Mar 26 Q&A Please remember that this is our best attempt to answer questions at a difficult time. This is informational only and none of it constitutes advice. We would have to understand your specific circumstances to give you advice, if you have any questions please contact us. You…
Read MoreBudgeting Workshop
We have noted your interest. If there is enough interest we will let you know and put together a budgeting workshop. More information to follow.
Read More