COVID‐19 virus Message from Managing Partner Alan Olsen

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 Olsen, CPA

 

 

 

Alan L. Olsen, CPA, Wikipedia Bio

For additional external COVID-19 pandemic resources:

Resources for Schools, Students, and Families

https://www.ed.gov › coronavirus  These resources include guidance and policies related to elementary and secondary education, special education, postsecondary education, and other aspects of …

List of Nonprofits, Funds & Resources

https://www.impact.upenn.edu › nonprofits-…  Giving Compass is compiling a comprehensive list and interactive map of vetted response and relief funds for pandemic. Racial Data Tracker, …

Community, Work, and School| CDC

https://www.cdc.gov › coronavirus › 2019-ncov › com…  See guidance for businesses, workplaces, childcare programs, shared housing, and other settings, including community mitigation frameworks.
Community Levels are a new tool to help you and communities decide what prevention steps to take based on hospitalizations and cases.
Check your community level.
Guiding principles and strategies to protect students, teachers, staff, and communities:

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.

Posted in

Income the IRS Can’t Touch

Income the IRS Can’t Touch There’s one readily available and legal source of untaxed income that we know of: municipal bonds. These securities are issued by state and local governments, school districts, hospitals and other public agencies to support community projects and services. To permit these worthy endeavors to raise money economically, Uncle Sam exempts…

Avoiding Real Estate Tax Revaluations

Avoiding Real Estate Tax Revaluations by Steven Singer, CPA As a result of the passage of Proposition 13 almost thirty years ago, real estate owners currently enjoy paying property taxes based on the property’s purchase price, value of improvements and an annual increase of 2% over the previous years’ assessed value. As a result of…

Annuities in Qualified Retirement Plans

Annuities in Qualified Retirement Plans By Russell Hill Using annuities in qualified retirement plans. Qualified annuities reduce your current taxable salary in addition to accumulating tax deferred earnings, when you contribute money to an annuities program through an employer (as one of the investment options in a salary reduction retirement plan). Those who work for…

Paying Too Much In Taxes?

Paying Too Much In Taxes? By Theodore Lanzaro Now that the end of the year is near, it is time to review a few business tax tips for 2008. Anyone who owns a business or is planning to start a new business in 2008 should be thinking about maximizing the profitability of their business and…