CNC’s Response to COVID-19
Dear CNC Clients,
As the coronavirus (COVID-19) continues to spread throughout the United States, we want take a moment to let you know what we are doing as a firm to help prevent the spread of the virus. Our top priority is the health and safety of our employees, our clients and our community. As such, we are continually monitoring the situation through daily updates from the Centers for Disease Control and Prevention (CDC), the World Health Organization (WHO), and our local news sources and will continue to follow their recommendations.
All CNC employees have been offered the opportunity to work from home and we are currently asking that anyone who doesn’t feel well, has a temperature, is experiencing flu-like symptoms, or has been in contact with family members or others who may be at risk or with symptoms, to stay at home. Well-prepared security protocols are in operation to continuously protect your financial information as we continue to work through the busy tax season.
Our government is currently exploring an extension to the US tax deadline which may impact individual tax filers, estates and corporations. Partnership and S-corporation returns were due on March 16, 2020. Extensions for time to file and pay are common in natural disaster situations so we will continue to keep you informed of any extensions offered that may impact you and our services.
At Cordell, Neher & Company, PLLC, we feel that it’s important to follow the CDC guidelines with an emphasis on safety while supporting our employees and community with accurate knowledge and information so our individual concerns and circumstances can be addressed in a calm and efficient manner. At this time, our internal business operations will continue to service your financial needs as normal. However, in an effort to minimize potential exposure to COVID-19, we have eliminated close contact and group gatherings as required and have cancelled all in-person office meetings, professional seminars and hosted events through April 6, 2020. We are more than happy to assist you with making arrangements for virtual meetings by phone or video conference calls during this difficult time.
For exchange of financial documents, we strongly encourage you to use our secure portal to scan and upload documents, to retrieve electronic copies of your returns and to electronically sign any necessary documents. This eliminates the delivery of documents via mail where the exchange of paper items could inadvertently cause potential exposure to the COVID-19 virus. If you need assistance with navigating and using these technology tools, please call so we can help and support you through the process. For those who feel the need to bring documents to us in person, we ask that you use the drop off box at the front desk and in keeping with CDC guidelines, keep a social distance of 6 feet to protect yourself and us too.
Please take care and contact us if you have any questions or concerns.
Kristine Loomis, CPA, CMA
4/9/2020 SBA Loans: Instructions & Tips: https://cnccpa.com/sba-loans-instructions-and-tips/
4/1/2020 US Treasury says Social Security recipients will receive stimulus automatically: https://home.treasury.gov/news/press-releases/sm967
3/31/2020 CNC’s info on Federal Stimulus Payments: https://cnccpa.com/stimulus-payments/
WHAT WE KNOW ABOUT TAX SEASON DEADLINES:
We encourage taxpayers to continue to provide their tax preparation documents, either via mail or digital means, at their earliest opportunity. Contact your tax professional to make arrangements today!
IR-2020-66, April 9, 2020
WASHINGTON — To help taxpayers, the Department of Treasury and the Internal Revenue Service announced today that Notice 2020-23 (PDF) extends additional key tax deadlines for individuals and businesses.
Last month, the IRS announced that taxpayers generally have until July 15, 2020, to file and pay federal income taxes originally due on April 15. No late-filing penalty, late-payment penalty or interest will be due.
Today’s notice expands this relief to additional returns, tax payments and other actions. As a result, the extensions generally now apply to all taxpayers that have a filing or payment deadline falling on or after April 1, 2020, and before July 15, 2020. Individuals, trusts, estates, corporations and other non-corporate tax filers qualify for the extra time. This means that anyone, including Americans who live and work abroad, can now wait until July 15 to file their 2019 federal income tax return and pay any tax due.
RESOURCES FOR EMPLOYERS & EMPLOYEES AFFECTED BY COVID-19:
- Paycheck Protection Program: https://cnccpa.com/cares/
- WA State Employment Security: https://esd.wa.gov/newsroom/covid-19
- US Small Business Administration: https://www.sba.gov/covid
- ESD’s Paid Family & Medical Leave: https://paidleave.wa.gov/
- Association of Washington Businesses: https://www.awb.org/covid-19-resources?fbclid=IwAR2B7VRS6GZUt0iB3g9sxZ3III0P2U8u9KH4qMs0l5TrJpWAPCxQQNCBgBw
THIS WEBINAR HAS PASSED. MEDIA AVAILABLE: https://cnccpa.com/careswebinar-followup/
THIS WEBINAR HAS PASSED. MEDIA AVAILABLE:
The Impacts of COVID-19
Kris Loomis, CPA, CVA, Managing Principal
Cordell, Neher and Company, PLLC
When asked if we would share how COVID-19 has affected Cordell, Neher & Co., PLLC, I took the opportunity to sit back and think a bit. In reality, it would be easier to share how COVID-19 has not impacted us.
It hasn’t changed our mission. In fact, COVID-19 has given us the opportunity to increase our energy and focus on helping our clients on their paths to success. It hasn’t changed our commitment to provide timely, compassionate, and accurate financial advice to our clients. And, COVID-19 has not changed our reliance on or respect and appreciation for the team of professionals we are lucky enough to work with every day… READ MORE HERE
Events & Deadlines
Subscribe and stay informed on policy changes that could have an impact on you.
Privacy & Usage: The information on the Cordell, Neher & Company, PLLC website is provided with the understanding that it should not be substituted, in any way, for consultation with a professional Certified Public Accountant, accountant, tax, legal or other competent advisor. Cordell, Neher & Company, PLLC makes every attempt to ensure that the information contained on their websites are obtained from reliable sources, but is not responsible for any errors and/or omissions or from the results obtained from the use of any information. This site contains links to servers maintained by other organizations. Cordell, Neher & Company, PLLC cannot provide any warranty regarding the accuracy or source of information found on any of these servers, the content of any file the user might use to download from a third-party site, and is not responsibility for the content found on any of these servers or for any links these servers maintain with other servers.
Avantax financial professionals may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state. Securities offered through Avantax Investment Services SM, Member FINRA, SIPC. Investment Advisory Services offered through Avantax Advisory Services SM. Insurance services offered through an Avantax affiliated insurance agency. Method 10® is property of Avantax Wealth ManagementSM All rights reserved 2020. The Avantax family of companies exclusively provide investment products and services through its representatives. Although Avantax Wealth ManagementSM does not provide tax or legal advice, or supervise tax, accounting or legal services, Avantax representatives may offer these services through their independent outside business. This information is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation.
Check the background of your financial professional on FINRA's BrokerCheck Avantax affiliated advisors may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state. Securities offered through Avantax Investment ServicesSM, Member FINRA, SIPC, Investment Advisory services offered through Avantax Advisory ServicesSM,Insurance services offered through an Avantax affiliated insurance agency. 3200 Olympus Blvd., Suite 100 Dallas, TX 75019 972-870-6000.
The Avantax family of companies exclusively provide financial products and services through its financial representatives. Although Avantax Wealth ManagementSM does not provide or supervise tax or accounting services, Avantax Representatives may offer these services through their independent outside business. Content, links, and some material within this website may have been created by a third party for use by an Avantax affiliated representative. This content is for educational and informational purposes only and does not represent the views and opinions of Avantax Wealth ManagementSM or its subsidiaries. Avantax Wealth ManagementSM is not responsible for and does not control, adopt, or endorse any content contained on any third party website.
This information is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Investments & Insurance Products: Are not insured by the FDIC or any federal government agency- Are not deposits of or guaranteed by the bank or any bank affiliate- May lose Value
Avantax Investment ServicesSM and Avantax Advisory ServicesSM are not affiliated with CNC Financial Group, LLC.