Dinkel and Ginder, Inc.

https://dinkelandginder.com//finders-keepersuntil-the-irs-

The due date for filing extended personal tax returns is in just over two weeks. The IRS is one of the most powerful creditors in the world and there are very real consequences for not filing and paying on time. Regardless, if you are able to pay or not, you should file your taxes on time and if you are expecting a refund, then what are you waiting for?! Visit our website today to a very helpful article regarding the fees and penalties for not filing and/or paying on time. https://dinkelandginder.com//have-you-filed-your-extended-

Does the IRS still owe you $500 for your stimulus payment? We posted an article on our website today to help you get the $500 for your dependant(s). You will have to act fast. The deadline to file is September 30th. https://dinkelandginder.com//does-the-irs-still-owe-you-500

If you have a PPP loan, you know the forgiveness rulings are constantly changing. Visit our website to see helpful article from The Accountancy Journal regarding owner-employee compensation and rent related forgiveness. https://dinkelandginder.com/r/f/ppp-loan-forgiveness-update

Our thoughts and prayers are with our beloved surrounding mountain communities that have been devastated by the Creek Fire. Special thanks to the firefighters working tirelessly to get this fire under control.

We believe in informing our clients of every tax break available; however, we don't believe all should be taken. We are not encouraging businesses to take advantage of the Payroll Tax Deferral as we believe the additional administrative cost incurred will most likely outweigh the short-term benefit. Every business owner must make the final determination. We will assist in any way possible, regardless of the decision. Stop by our website to read about the Payroll Tax Deferral and decide for yourself. https://dinkelandginder.com/r/f/payroll-tax-deferral-update

Can you believe it's already September 1st?! That means, if you have a business that filed an extension for your 2019 taxes they are due two weeks from today. Stop by our website to see why it is important to file your taxes on time, even if you can't pay. https://dinkelandginder.com//businesses-with-tax-extension

We recently updated our website to include a resources and articles section. Check out our latest post regarding budgeting for unemployment benefit taxes from the IRS. https://dinkelandginder.com//if-you-are-on-unemployment-do

There are new sales and use tax rates for a few cities in Southern California starting October 1, 2020. Check the article to see, if you need to make adjustments to your sales tax. https://www.cdtfa.ca.gov/formspubs/L761.pdf

Update: The IRS announced on Friday, August 24th that it will suspend sending certain balance due notices while they continue to process backlogged mail. The IRS urges people to not cancel mailed tax bill checks and to have adequate funds in bank account to cover the check amount. Checks will posted to your IRS account on the day it was received, not processed. This is why we always encourage efiling and paying your tax bill by direct debit. If you paid your taxes by check, make sure your check has been cashed. If not, keep an eye out in your mail from a notice from the IRS. https://www.forbes.com//the-check-really-is-in-the-mail-/