ADA Compliance

IRS Pays $5,000 for Website Accessibility

The Americans with Disabilities Act of 1990 (ADA) is a civil rights law that prohibits discrimination based on disability. Most business owners know that they need to comply with standards providing reasonable access and accommodation for disabled clients, customers, and employees in their place of business. Did you know that ADA compliance extends to your…

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California Comes Through!

California Comes Through!

After months of anticipation, Governor Newsom announced this week that California will conform with IRS regulations making deducibility of PPP Loans and EIDL Grants nontaxable. The bill, AB 80, took effect immediately after being signed by the governor, allowing deductions for California businesses that have experienced at least a 25% drop in gross receipts in…

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Economic Relief Continues

Economic Relief Continues

With Covid-19 cases down significantly in California and restrictions on businesses lifting, there is still a long way to go to get our businesses back to pre-pandemic success. Thankfully, the Small Business Administration (SBA) is continuing to offer businesses help to carry them through. The SBA has increased the maximum amount small businesses and nonprofits…

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IRS Extends Tax Deadline ()

Good News/Bad News – Tax Deadline Extended

Good news! The IRS has formally announced that the 2020 filing deadline for individual taxpayers has been extended from April 15 to May 17, 2021. Individual taxpayers can now wait until May 17 to make income tax payments without accruing penalties and interest. Bad news: The deadline extension does not apply to estimated income tax…

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Second Draw Loans

PPP Second Draw Loans

Loan applications through the Payroll Protection Program will soon be available to all small businesses. If you or your business received a PPP Loan during the first round and could use additional aid, you may qualify for a second round of funding. Abedian + Totlian has received guidelines from our bank on PPP Second Draw…

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New Year, New Stimulus

After months of partisan haggling and threats of a presidential veto, a new $900 billion Covid-19 relief package has been passed to help bring much-needed aid to American families and small businesses.   The new stimulus bill includes: -Payments up to $600 (potentially $2,000 pending a vote in the senate) per person for individuals earning…

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Handling COVID-19 From a Financial Point of View (Video)

Emil Abedian speaks with Gudrun Giddings, President of SACC-LA, about how to handle the COVID-19 pandemic from a financial point of view. Learn about how tax regulations have shifted and new loans that have been issued to ease this economically stressed situation. Also, how the new regulations will affect you and how to benefit from…

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Coronavirus Sick Leave Requirements

The federal government signed the Families First Coronavirus Response Act (FFCRA) into law Mar. 18, 2020, which includes paid sick leave for employees that need to take time off to limit the spread of the coronavirus. Under this law, employees will qualify for paid sick leave if they have the virus, if they are caring for a…

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