COVID‐19 virus Message from Managing Partner Alan Olsen
COVID‐19 virus Message from Managing Partner Alan Olsen
March 17, 2020
Dear Clients and Friends,
Greenstein, Rogoff, Olsen & Co., LLP (GROCO) CPAs & Advisors remains committed to serving our clients. We hope this email finds you and your family well and in good health. If the COVID‐19 virus is affecting you or a loved one, we wish you and yours a speedy and complete recovery.
In line with recent announcements by the State of California regarding social distancing, we want you to know that we are taking measures to safely continue to serve you. Please contact us by telephone or email, as we assist you in meeting all tax deadlines during this unfortunate time. We can schedule meetings over the telephone or the internet, and when necessary, in our office when appropriate.
With that in mind, we are closely monitoring the evolving coronavirus situation and are taking appropriate steps to prepare for and limit potential impacts to our employees, clients and operations. We activated long‐standing business continuity plans, which include following the appropriate guidance from the Centers for Disease Control (CDC) and World Health Organization (WHO).
Our in‐place technological and operational infrastructure allows many of our employees to work remotely by leveraging at‐home workstations and secure network connections. We continue to provide you the quality work and attention to detail our clients expect. This means you may hear more from us via phone and email than in person for a while. We hope you understand that these steps are intended to help protect the health of you, our employees and the communities in which we operate.
We continue to closely monitor the situation and may provide updates to you as necessary. On behalf of all of us here at GROCO, thank you for your business and for your support.
Very Truly Yours
Alan L. Olsen Managing Partner
Greenstein Rogoff Olsen & Company
Click Here, For The Covid-19 Resource Center
Alan L. Olsen, CPA, Wikipedia Bio
For additional external COVID-19 pandemic resources:
Resources for Schools, Students, and Families
List of Nonprofits, Funds & Resources
Community, Work, and School| CDC
Check your community level.
Cleaning and disinfecting:
The virus that causes COVID-19 can land on surfaces. It’s possible for people to become infected if they touch those surfaces and then touch their nose, mouth, or eyes. In most situations, the risk of infection from touching a surface is low. The most reliable way to prevent infection from surfaces is to regularly wash hands with soap and water or use alcohol-based hand sanitizer. Cleaning and disinfecting surfaces can also reduce the risk of infection.
This guidance is indicated for buildings in community settings and is not intended for healthcare settings or for other facilities where specific regulations or practices for cleaning and disinfection may apply. Additionally, this guidance only applies to cleaning and disinfection to prevent the spread of the virus that causes COVID-19. It does not apply to any cleaning or disinfection needed to prevent the spread of other germs. Always follow standard practices and appropriate regulations specific to your type of facility for minimum standards for cleaning and disinfection.
Tax Break for College Tuition Payments
Tax Break for College Tuition Payments If you are writing a college tuition check, there may be a hidden tax break that will allow you to deduct a part of your college tuition payment. In order to do this, you must utilize a ‘Section 529’ College Savings Plan in one of the 26 states…
Cost-Sharing Arrangements – Appeals Court Rules Against Xilinx
Cost-Sharing Arrangements – Appeals Court Rules Against Xilinx Taxpayer loses the Xilinx Case (click this link to see the complete Ninth Circuit Court of Appeals Decision of 5/27/09) in the Court of Appeal on May 27, 2009.Subject to further appeal to the Supreme Court (which almost never happens with tax related cases), the tax benefits of…
5 Steps to Great Time Management
5 Steps to Great Time Management By Yihan Lin: Before you learn how to manage the resources of an organization, you must first be learning time management skills for your own life.Time management skills are founded on this principle: If you don’t manage your own life, no one else will. Therefore it is essential that…
IRS Notice 2009-62 Issued 8/7/09
IRS Notice 2009-62 Issued 8/7/09 The due date for reporting the existence of Offshore Bank Accounts on Treasury Department Form TD F 90-22.1 has been an issue of great confusion in the last few months. Form TD F 90-22.1 is known as Foreign Bank Account Reporting (AKA “FBAR”) For a complete review of this soap…