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…
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…
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…
Emil Abedian joins the Aspire Talks webinar to answer questions about stimulus checks, PPP & EIDL loans, PPP loan forgiveness, taxes and more.
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…
The Internal Revenue Service has confirmed that the federal income tax filing deadline is automatically extended from April 15, 2020 to July 15, 2020. Taxpayers can also defer federal income tax payments due April 15, 2020 to July 15, 2020 without interest or penalties, regardless of the amount owed. This deferment applies to all taxpayers,…
FTB Deadlines The California Franchise Tax Board (FTB) is postponing the tax filing deadline to July 15, 2020. This includes: 2019 tax returns 2019 tax return payments 2020 1st and 2nd quarter estimated payments 2020 LLC taxes and fees 2020 Non-wage withholding payments FTB is extending this relief to all California taxpayers, there is no…
It’s easy to get caught up in the enormity of Covid-19, but take a breath and remember that we will get through this. With so many businesses feeling unsettled about the coming months, we have compiled some helps to get you and your business through this difficult time. IRS Extension The IRS and Treasury Department…
Preparations we’ve made to keep you and our staff safe during tax season and the coronavirus COVID-19 spread We sincerely hope that you and your family are healthy and happy and will not be directly impacted by the highly contagious coronavirus during this flu season. In our office, we have taken serious precautions to fight…
As many have heard, on September 18, 2019, Governor Newsom signed AB5, effective January 1, 2020. The new law codifies the “ABC test” from the California Supreme Court decision in Dynamex Operations West, Inc. v. Superior Court of Los Angeles, 4 Cal. 5th 903 (2018). Under the ABC test, any person providing labor or services…
