PAYROLL PROTECTION PROGRAM (PPP) and EMERGENCY INSURANCE DISASTER LOAN (EIDL) RECIPIENTS

While there has been much confusion regarding the requirements to fulfill the obligations on the part of those receiving either of these loans, there are continuing releases that further the documentation necessary to insure proper compliance with the intent of the SBA to either forgive, as in the case of the PPP, or support, as in the case of EIDL, these loans.  The requirements can be cumbersome, time consuming and if not done correctly, cause you to either lose forgiveness as an option or worse, greater liability than the loans were meant to reduce.  For more information on how we’re working to help minimize the difficulty of completing the necessary documentation and give you back the time to run your business, please CLICK HERE and in the comments section enter PPP or EIDL and we’ll get back to you immediately.  

UPDATE 5-18-20 PLACER COUNTY RE-OPENS MANY SMALL BUSINESS.

First and foremost, we hope you, your friends and family are in good health as it appears we’re coming to some closure with the pandemic and stay at home orders. As you may be aware, Placer county is now in “later Stage 2” re-openings and as such, that means our office will be opening soon as well. To insure your comfort and safety, we will be making certain we are compliant with all the county requirements with regard to sanitation of work spaces, properly distanced employees and appropriate procedures both during and after client visits. We will re-open for client visits July 1st .

Until then, we will continue with virtual meetings and drop-offs as we have been since the shelter-in-place orders. Once open, all meetings must be set in advance to allow us proper social distancing and county compliance. This is for both the safety and security of our employees and for you, our very important clients. 

Lastly, as a reminder, the Federal Government Federal Tax deadline has been moved back to July 15th . In addition, the State of California has postponed the April 15th filing deadline until July 15th as well.

Our Commitment remains the same:
We will continue to prepare your tax returns and other projects. We will contact you as your returns are completed. Most returns are electronically sent, and you can review the You are important to us. Stay healthy and be safe!

Your Outsourced CFO Solutions team