Articles & Videos

Possible PPP Legislation | 1099-B & W-4P

Update on Possible PPP Legislation Hello and welcome. This is Ron Cohen. And this is a tax updates podcast. I’m with the firm of Greenstein Rogoff, Olsen and company. My phone number is 510-797-8661. Call anytime we’re happy to talk and chat with anybody a little bit to see if we can help. This episode…

Proposed California Tenant Relief and Coronavirus Update

Proposed California Tenant Relief and Coronavirus Update

Re. the proposed California tenant relief and Coronavirus update. Dear Clients and Friends: I keep saying: “I’ve never seen anything like this before!”…and then there is more! June 17, 2:35 p.m. A proposed California Senate bill could give out-of-work tenants in the state 10 years to pay back unpaid rent due to loss of income related to the…

COVID-19, tax and PPP Loan Forgiveness

President Trump Signs Bill to Help Small Businesses with Paycheck Protection Program Flexibility

Press Release Friday June 5, 2020.  This morning president Trump signed into law H.R.7010 to help small businesses.  The purpose of the Paycheck Protection Program Flexibility Act is to amend the Small Business Act and the CARES Act to modify certain provisions related to the forgiveness of loans under the paycheck protection program, to allow…

Rob Ryan's Sunflower model Building a Billion Dollar Company

Building a $24 billion company using the Sunflower Model | Rob Ryan

Building a $24 billion company using the Sunflower Model | Rob Ryan About ROB RYAN Rob Ryan founded Ascend Communications in 1989. Rob served as President, CEO, and Chairman of Ascend, taking it public Friday the thirteenth of May, 1994, at $13.00 per share. In 1995 Rob and Terry started Entrepreneur America. Rob gained his first experience…

COVID-19, tax and PPP Loan Forgiveness

Heroes Act, COVID-19 Tax & PPP Updates

Heroes Act, COVID-19 Tax & PPP Updates, originally posted By Ron Cohen, CPA on 5/16/20 Dear Clients and Friends: Further to my email yesterday, after a procedural vote in the morning, at 9:26pm EST, the House finalized passage of the Heroes Act. Deloitte, with a staff of writers, covers the House passage of this monumental…

We Need a Little George Washington in All of Us

We Need a Little George Washington in All of Us

Dear Clients and friends,Feel free to send us a feedback (opens in a new window) We need a little George Washington in all of us.  After much negotiation in Congress and with the Administration, “President Trump on Friday signed legislation providing $484 billion to replenish a popular small business lending program and support hospitals and COVID-19…

Joe McNulty

Joe McNulty-Estate Planning with Sports Franchises

Joe McNulty-Estate Planning with Sports Franchises, transcript of interview with Alan Olsen, host of the American Dreams Show: Alan Olsen: Welcome back. I’m sitting here today with Joe McNulty. Welcome to today’s show. Joe McNulty: Thank you. Alan Olsen: So Joe, you’re an accountant, a CPA, but for the listeners, can you give some background…

Rob Ryan's Sunflower model Building a Billion Dollar Company

Rob Ryan on Scaling Companies with The Sun Flower Model

Rob Ryan on Scaling Companies with The Sun Flower Model About ROB RYAN Rob Ryan founded Ascend Communications in 1989. Rob served as President, CEO, and Chairman of Ascend, taking it public Friday the thirteenth of May, 1994, at $13.00 per share. In 1995 Rob and Terry started Entrepreneur America. Rob gained his first experience…

We are Born to Collaborate (Even if Sheltered in Place)

We are Born to Collaborate (Even if Sheltered in Place)

We are Born to Collaborate (Even if Sheltered in Place) Every truly great business achievement is proof that humans are born to collaborate.  As nations, tribes and families, from birth we live with and are cared for by someone.  Later, we work the family farm, business or towards an education, whatever is in our best…

IRS

IRS Shutters Some Operations, Self-Employed Get Unemployment and Track your Stimulus Check

IRS Shutters Some Operations, Self-Employed Get Unemployment and Track your Stimulus Check “The IRS is unable to process paper tax returns, respond to paper correspondence or staff toll-free live service lines. Please use all electronic options available to you on IRS.gov or through your tax software provider.” IRS shutters some operations, self-employed get unemployment and…

IRS Tax Extension

Latest IRS Tax Extension Clarifications as of Thursday, April 9, 2020 8:03 PM

1) Estimated Tax Payments for 2nd Quarter:  https://www.irs.gov/newsroom/irs-extends-more-tax-deadlines-to-cover-individuals-trusts-estates-corporations-and-others “Besides the April 15 estimated tax payment previously extended, today’s notice also extends relief to estimated tax payments due June 15, 2020. This means that any individual or corporation that has a quarterly estimated tax payment due on or after April 1, 2020, and before July 15,…

how IRS Can Help Business Owners Hurt by COVID Disaster

How IRS Can Help Business Owners Hurt by COVID Disaster

How IRS Can Help Business Owners Hurt by COVID Disaster Quick Summary: Disaster Area Declaration – Internal Revenue Code Sec. 165(i) Disaster losses in the current year can be taken on a prior year’s return (i.e., 2020 losses stemming from COVID-2019 can be taken on the 2019 return) The loss/deduction would need to be substantiated by…

Why You Should File Your 2019 Tax Returns ASAP!

Why You Should File Your 2019 Tax Returns ASAP!

Why You Should File Your 2019 Tax Returns ASAP?  Many individuals, couples, and businesses are putting off filing their 2019 tax returns because; they can.  Others, because they qualify for stimulus checks in 2018 but not 2019; it’s not 100% clear yet that this is a good idea.  Either way, April 15th and many other…

Economic Impact Payments: What you need to know?

No action needed by most people at this time! IR-2020-61, March 30, 2020 WASHINGTON — The Treasury Department and the Internal Revenue Service today announced that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most people. However, some seniors and others…

how to take advantage of the Paycheck Protection Program

How to Take Advantage of the Paycheck Protection Program

You may be wondering how to take advantage of the Paycheck Protection Program?  Well, here is a letter one of our Partners sent out to his clients. Dear Client, I wanted to outline the Paycheck Protection Program (PPP Program) that was part of the CARE ACT that was passed and signed by the president on…

CARES Act, a short summary

Short summary of CARES ACT

Short summary of CARES ACT in a letter sent by one of our partners to some of his clients: Dear Clients and Friends: I hope you are doing as well as possible. Congress passed (with only one “no” vote in the House of Representatives) and the President signed (on Friday) the Coronavirus Aid, Relief, and…

President Trump Signs CARES ACT

President Trump Signs CARES ACT, What Does this Mean?

Fremont California, March 27, 2020 – President Trump Signs CARES ACT. As COVID-19 continues to threaten almost every aspect of our lives, our government has expedited passing legislation and President Trump has signed, the Coronavirus Aid, Relief, and Economic Security (CARES) ACT.  The CARES ACT is a massive bill, the majority of which does not…

The AICPA urges IRS to provide payment relief due to COVID-19

The AICPA urges IRS to provide payment relief due to COVID-19

The AICPA on Thursday urged Treasury and the IRS to provide broader tax filing and payment relief for taxpayers affected by the ongoing COVID-19 pandemic. In a letter to Treasury Assistant Secretary for Tax Policy David J. Kautter and IRS Commissioner Charles Rettig from Christopher Hesse, CPA, chair of the AICPA Tax Executive Committee, the AICPA…

coronavirus

Coronavirus (COVID-19) Tax Information Summary

Coronavirus Tax Information Please note: clients will need to work extensively with their payroll tax service provider, and their Human Resource professional as this all gets complex. I assume information of how to compute and input amounts on the related forms will be provided in detail in the coming weeks. Congress is working on another…

Alan Olsen, CPA COVID-19 Center

COVID-19 Resource Center

MESSAGE FROM MANAGING PARTNER ALAN OLSEN 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…