COVD-19 Updates

PPP: Taxes and forgiveness for small businesses

With the passage of the latest COVID-19 relief bill at the end of December, the IRS reversed its original position about PPP program loans counting as taxable income. LEARN MORE

PPP loan forgiveness

Borrowers may be eligible for PPP loan forgiveness if the borrowed funds were used for payroll costs and other specified expenses during the 8- or 24-week period after disbursement. LEARN MORE

CPA firm for businesses with PPP loans in California

PPP loan forgiveness applications are still due within 10 months of the new covered period (24 weeks). Because the process has been changing as the effects of the pandemic continue to evolve, it’s best to work with a CPA firm. LEARN MORE

CARES ACT Provides COVID-19 Pandemic Relief to Businesses

Congress has just passed the largest economic relief bill in U.S. history. The Coronavirus Aid, Relief, and Economic Security (CARES) Act will allocate $2.2 trillion in support to both individuals and businesses affected by the COVID-19 pandemic and the economic fallout from the crisis.  LEARN MORE

COVID-19 GYL Company Update

The COVID-19 pandemic is a rapidly evolving situation which will continue to pose a serious public health risk to people in the United States in the coming weeks. In response to this crisis, our firm would like to share with you the measures that we have taken.  LEARN MORE

Rancho Cucamonga coronavirus resources

The Rancho Cucamonga community, like other communities across the U.S., is facing a public health crisis as a result of the COVID-19 pandemic. The pandemic is also affecting the financial health of small businesses as well as individuals. LEARN MORE