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.
Income Tax Deferral Strategies for Real Estate Investors
Income Tax Deferral Strategies for Real Estate Investors There are a number of significant income tax benefits that are often overlooked by real estate investors that could allow them to defer or exclude some or all of their income tax liabilities on the sale or disposition of their real estate tax deferral assets. It is…
IRS Clarifies Home Sales Want to Come Clean About Taxes Overseas? The IRS Is Willing to Help
IRS Clarifies Home Sales Want to Come Clean About Taxes Overseas? The IRS Is Willing to Help By Alan Olsen, CPA, MBA (tax) Managing Partner Greenstein Rogoff Olsen & Co. LLP You know that awful feeling you get when you have done something wrong and you just can’t wait to get it off your chest?…
Treasury Releases Detailed Guidance on Deduction for Qualified Domestic Production Activities
Treasury Releases Detailed Guidance on Deduction for Qualified Domestic Production Activities As expected, the Treasury Department on January 19 released much-anticipated guidance (Notice 2005-14) on the phased-in deduction for qualified domestic production income that was enacted last October as part of the American Jobs Creation Act of 2004. The deduction is effective for taxable years…
Tax Tips for Investors in Securities or Real Estate
Tax Tips for Investors in Securities or Real Estate Let tax-favored capital gain help you build your wealth. Historically, investing in the stocks of good, growing companies is the best way for investors to build wealth. There’s also a tax advantage. While dividends are taxed as income even when reinvested, federal income tax on growth…