My new firm, Maze and Associates, is committed to helping you amid news about COVID-19 and during increased market volatility and we're taking extra steps to be responsive to all your tax needs. 

I've put this resource center on my webpage, just in case you still have it book-marked.  I want you to have access to expert insights, other online resources, and to get answers to your questions.

Spring of this year, Congress has based 3 legislative bills aimed at mitigating the economic impact of COVID-19 and put money into the economy:

Important updates 

• Tax filing deadline pushed to July 15
• Required minimum distributions (RMD) for some retirement accounts have been waived for 2020
• The 10% early withdrawal penalty on distributions from 401Ks and Individual Retirement Accounts has been waived. You can withdraw and elect to pay taxes over a 3 year period
• Paid sick and family leave available for more workers
• Unemployed insurance has been expanded
• Tax credits for the self-employed may be available
• Federal student loan payments, in interest waived has been for 2020 waived
• PPP Highlights - Health Insurance for S Corporations can NOT be included when calculating payroll costs. There isa 34-week maximum forgiveness period. The proportion of PPP funding that must be used on payroll has dropped to 60% (from 75%). 

FAQs - Who get Stimulus Calculator

FAQs - CARES Act

FAQs - Families FIrst Coronavirus Reponse A

How the Paycheck Protection Program Affects Self-Employed People

The Revised PPP Loan Forgiveness Application and instructions

EZ PPP Loan Forgiveness Application and instructions 

Cyber Risk Issues