Rayner CPA, PLLC

Happy New Year to all our friends and clients celebrating the Lunar New Year!

Please feel free to register and share without others.

Time to reconcile and unite. ONE nation, under God. Humanity has prevailed.

This is a terrible situation for low income Americans. There’s always a price to pay for getting government help. Worse so when it makes you lose your credits.

I haven’t vetted this out, but this may help some as I stumbled across it. www.aven.com

Huge Deal, especially during Pride

New York is offering loans to minority and women owned businesses: https://esd.ny.gov/nyforwardloans-info

Beautiful Cover by Yeshiva children

Remember, in our unified stay at home orders, we are together as an interconnected family. Stay safe and sane and try and find little moments of fun and happy. Zoom some happy hours and dinners, facetime with friends!

Update: Seniors who collect SSI, no longer need to file.

https://www1.nyc.gov//busin/covid19-business-outreach.page

First easy piece of logistics...Our seniors and anyone else collecting SSI or Disability, should be receiving up the full $1,200 each if their income is at or below $75K. $75-$99k it will phase out $5 for every $100 over $75K.

So the senate approved but now it has to go to the house, tomorrow. Where it will surely get some push back. So other then the IRS deadline being moved, nothing... else is really official yet. Also, almost all of the local state governments have not moved their tax deadlines yet to fall in line with the irs. Will keep posting ... Some exciting hopeful highlights are unemployment benefits for self employed people, the stimulus check, (logistics tbd,) and small business loans to help guarantee payroll.

Now it’s legit! Just remember to still extend by April 15th if you can’t file by July 15th.

PSA: Steven Mnuchin is NOT the IRS. Until you see it on www.irs.gov it isn’t official.

More updates from the IRS to help small business

Does someone know how to help me do one of those live Facebook q&a’s next week? I think people need so real answers about taxes, unemployment and small business loans.Does someone know how to help me do one of those live Facebook q&a’s next week? I think people need so real answers about taxes, unemployment and small business loans.

The deadline is NOT extended people. Read the govt fine print! Only the payments.