New Text Phishing Scam  The Security Summit (a partnership of the IRS, private sector, and state tax agencies) has released a warning. It was to taxpayers about a COVID-related New Text Phishing Scam. It deceives people into providing their bank information. The scam is generated by a text message claiming the person has received the $1,200 Economic Impact Payment (EIP). This is the text message that has been used: “You … Read more

Deferring Employee Payroll Taxes    The U.S. Treasury and IRS have released the initial guidance, Notice 2020-25, to put into operation the President’s Executive Order, which allows deferring employee payroll taxes beginning on September 1, 2020. It’s important to note that this relief is intended for the employer, not the employee. The employer is the “affected taxpayer” in this Executive Order.  Initial Guidelines  This Executive Order is for employers who … Read more

PPP Loan Forgiveness Updates Webinar  Come join our webinar to get more information on the PPP loan forgiveness updates. We will show you what the updated eligible expenses are, cover the new Paycheck Protection Flexibility Act, go through the new Interim Final Rule, and walk you through the rules for loan forgiveness. We want to give you the tools to succeed during this time. Topics PresentersSal Kureh, PartnerLeo Zhang, Staff … Read more

PPP Loan Forgiveness Webinar  The webinar is now over: If you happened to miss the webinar, we don’t want you to miss out on the valuable information about PPP Loan Forgiveness. You can now watch it at your convenience.  Because of the amount of information regarding the PPP loans. We may not have had a chance to discuss everything in great detail. If you have any remaining questions, please feel … Read more