Letter to Our Clients
Dear CNC Clients,
As the coronavirus (COVID-19) continues to spread throughout the United States, we want take a moment to let you know what we are doing as a firm to help prevent the spread of the virus. Our top priority is the health and safety of our employees, our clients and our community. As such, we are continually monitoring the situation through daily updates from the Centers for Disease Control and Prevention (CDC), the World Health Organization (WHO), and our local news sources and will continue to follow their recommendations.
All CNC employees have been offered the opportunity to work from home and we are currently asking that anyone who doesn’t feel well, has a temperature, is experiencing flu-like symptoms, or has been in contact with family members or others who may be at risk or with symptoms, to stay at home. Well-prepared security protocols are in operation to continuously protect your financial information as we continue to work through the busy tax season.
Our government is currently exploring an extension to the US tax deadline which may impact individual tax filers, estates and corporations. Partnership and S-corporation returns were due on March 16, 2020. Extensions for time to file and pay are common in natural disaster situations so we will continue to keep you informed of any extensions offered that may impact you and our services.
At Cordell, Neher & Company, PLLC, we feel that it’s important to follow the CDC guidelines with an emphasis on safety while supporting our employees and community with accurate knowledge and information so our individual concerns and circumstances can be addressed in a calm and efficient manner. At this time, our internal business operations will continue to service your financial needs as normal. However, in an effort to minimize potential exposure to COVID-19, we have eliminated close contact and group gatherings as required and have cancelled all in-person office meetings, professional seminars and hosted events through April 6, 2020. We are more than happy to assist you with making arrangements for virtual meetings by phone or video conference calls during this difficult time.
For exchange of financial documents, we strongly encourage you to use our secure portal to scan and upload documents, to retrieve electronic copies of your returns and to electronically sign any necessary documents. This eliminates the delivery of documents via mail where the exchange of paper items could inadvertently cause potential exposure to the COVID-19 virus. If you need assistance with navigating and using these technology tools, please call so we can help and support you through the process. For those who feel the need to bring documents to us in person, we ask that you use the drop off box at the front desk and in keeping with CDC guidelines, keep a social distance of 6 feet to protect yourself and us too.
Please take care and contact us if you have any questions or concerns.
Kristine Loomis, CPA, CMA
Federal Stimulus Information
4/9/2020 SBA Loans: Instructions & Tips: https://www.cnccpa.com/sba-loans-instructions-and-tips/
4/1/2020 US Treasury says Social Security recipients will receive stimulus automatically: https://home.treasury.gov/news/press-releases/sm967
3/31/2020 CNC’s info on Federal Stimulus Payments: https://www.cnccpa.com/stimulus-payments/
Tax Deadline Information
WHAT WE KNOW ABOUT TAX SEASON DEADLINES:
We encourage taxpayers to continue to provide their tax preparation documents, either via mail or digital means, at their earliest opportunity. Contact your tax professional to make arrangements today!
IR-2020-66, April 9, 2020
WASHINGTON — To help taxpayers, the Department of Treasury and the Internal Revenue Service announced today that Notice 2020-23 (PDF) extends additional key tax deadlines for individuals and businesses.
Last month, the IRS announced that taxpayers generally have until July 15, 2020, to file and pay federal income taxes originally due on April 15. No late-filing penalty, late-payment penalty or interest will be due.
Today’s notice expands this relief to additional returns, tax payments and other actions. As a result, the extensions generally now apply to all taxpayers that have a filing or payment deadline falling on or after April 1, 2020, and before July 15, 2020. Individuals, trusts, estates, corporations and other non-corporate tax filers qualify for the extra time. This means that anyone, including Americans who live and work abroad, can now wait until July 15 to file their 2019 federal income tax return and pay any tax due.
Employer & Employee Resources
RESOURCES FOR EMPLOYERS & EMPLOYEES AFFECTED BY COVID-19:
- Paycheck Protection Program: https://www.cnccpa.com/cares/
- WA State Employment Security: https://esd.wa.gov/newsroom/covid-19
- US Small Business Administration: https://www.sba.gov/covid
- ESD’s Paid Family & Medical Leave: https://paidleave.wa.gov/
- Association of Washington Businesses: https://www.awb.org/covid-19-resources?fbclid=IwAR2B7VRS6GZUt0iB3g9sxZ3III0P2U8u9KH4qMs0l5TrJpWAPCxQQNCBgBw
Webinar Friday 4/3 at Noon (PDT)
Webinar Friday 5/1 at Noon (PDT)