Special Notice Regarding Corona Virus Outbreak (COVID-19)

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Dear Valued Client,

As we continue to monitor the rapidly evolving situation around the coronavirus (COVID-19), our first thought is for the safety and well-being of all individuals and client businesses impacted by these difficult circumstances. In these unprecedented times, it is important that we come together to support all those impacted.

We are committed to keeping you updated and informed as the impact of COVID-19 continues to evolve. Below is important information regarding our services as well as federal and other relief currently available:

Our Services

Our top priority is the safety of you and our employees . We have done a series of things to make our environment as safe as possible. We have implemented enhanced cleaning procedures in our offices, following CDC and public health guidance. We have established a set of protocols to ensure that any of our employees who are high risk or potentially infected stay at home.

Our office locations will remain open. We will continue to process your tax returns and other information as usual. We are also taking measures to help our salaried and hourly employees stay safe including eliminating travel and in-person client meet ings and enabling work from home where possible. We prefer any of your information be submitted via email if possible. Please communicate with your usual point of contact or call our offices if you have any questions or concerns. Please be patient with the process ing of your information during this time.

Federal Extension for Tax Filing Requirements

As of March 20, 2020, the IRS has moved the federal income tax filing deadline ahead to July 15, 2020, three months after the normal deadline of April 15, 2020 for all taxpayers. This means that you can pay the amount that would normally be due on April 15th no later than July 15th without penalties or interest. This also applies to estimated tax payments that would ordinarily be due by April 15th. No further guidance has been supplied by the U.S Treasury at this time, but we will keep you updated as information becomes available.

SBA Loans

SSA's Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the tempo rary loss of revenue they are experiencing. These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can't be paid because of the disaster 's impact. The interest rate is 3. 75% for small businesses without credit available elsewhere; businesses with credit available elsewhere are not eligible. The interest rate for non-profits is 2.75%. SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower 's ability to repay.

For additional information , please contact the SBA disaster assistance customer service center. Call 1-800-659-2955 (TTY: 1-800-877-8339) or email disastercustomerservice@sba.gov or go to disasterloan.sba.gov

As you know, the situation is fluid and will vary community to community, but we will do everything we can to continue to protect our employees and to be available for you.

Givilancz & Martinez, PLLC


The information in this article is written as accurately as possible and to best of the writer's knowledge. However, there may be omissions, errors, or mistakes. Because of this and changes in circumstances, the information in this article is subject to change. This article is for informational purposes only and should not serve as professional, financial, medical, emotional, and/or legal advice. Readers may rely on the information on this article at their own risk, but they should consult a CPA, financial expert, or other professional for advice. Givilancz & Martinez, PLLC reserves the right to change and handle this article series, and therefore, may remove or alter any part of this article or the comments section. Any comments inserted by readers are not the responsibility of G&M PLLC and do not represent the thoughts or ideas of G&M PLLC.