Stay Informed During the Novel Coronavirus Outbreak
The novel coronavirus, or COVID-19, has affected our lives in a number of ways. From social distancing to suddenly homeschooling our children to trying to understand the short- and long-term potential impacts, we’re all struggling to cope and to keep up with the flurry of information released daily. Akene Consulting has created this resource page to provide industry updates, news, information, and resources to help you navigate the ‘new normal.’ After all…we’re in this together!
Additional Economic Relief Efforts by the State of California
Governor Newsom, in an effort to provide additional economic resources for California businesses impacted by the Covid-19 crisis, recently announced the following:
March 30th: The Governor signed an executive order granting a 90-day extension to file returns and pay sales tax for small businesses…
Download the full document:
State of CA Additional-Economic-Relief-Efforts-Updated.pdf
Emergency Paid Sick Leave Act and Expansion of the Family Medical Leave Act
The Families First Coronavirus Response Act results in the Emergency Paid Sick Leave Act and Expansion of the Family Medical Leave Act (Updated 4.7.2020). The FFCRA is effective April 1, 2020 and in effect for all workers employed on the date the president signed the bill. Among other provisions…
Download the full document:
06-EPSLA_and_FMLA_V2-2020-04-08.pdf
Employee Retention Credit
The CARES Act includes a one-year credit against an employer’s 6.2% share of Social Security payroll taxes for any employer who is forced to suspend or close operations due to COVID-19, as long as the employer continues to pay employees during the shut-down. Businesses qualify for this credit as follows…
Download the full document:
Employee Retention Credit.docx
Payroll Tax Credit and Deferral
Employee Retention Credits – The CARES Act includes a one-year credit against an employer’s 6.2% share of Social Security payroll taxes for any employer who is forced to suspend or close operations due to COVID-19, as long as the employer continues to pay employees during the shut-down. Businesses that remain……
Download the full document:
Payroll Tax Credit and Deferral.docx
Property Tax Penalties and Interest Waived Until 04/2021
Governor Gavin Newsom announced on May 6th that the penalties and fees assessed for late property tax payments for “residential real property occupied by the taxpayer or real property owned and operated by a taxpayer that qualifies as a small business” will be waived through May 6, 2021. The taxpayer must…
Download the full document:
Property Tax Penalties and Interest Waived Until 04.2021_PP&Co.docx
