On Thursday May 21st, Koontz & Associates, PL and Koontz & Parkin, CPAs discussed the Paycheck Protection Program with Kathy Collums, SVP of Sabal Palm Bank, giving us a unique banking perspective. Use the timestamps below to jump to topics of interest.Read More
Jo Ann Koontz, Marina Parkin and Jackie Durham answer frequently asked questions about SBA relief loans, PPP and EIDL.Read More
The SBA updated its PPP loan FAQs to add FAQ 46, making good on its promise to provide additional guidance as to what circumstances necessitate repayment. FAQ 46 announces that borrowers and their affiliates receiving PPP loans below that $2 million will be assumed to have performed the required certification concerning the necessity of their loan requests in good faith (i.e., safe harbor).Read More
Koontz & Associates and Koontz & Parkin are joined by financial advisor Brian Mariash to discuss the impact of COVID-19 on the economy.Read More
Koontz & Associates, PL & Koontz & Parkin, CPAs discuss their perspective on PPP through their clients' experiences, loan forgiveness and other frequently asked questions about PPP.Read More
On April 30, 2020 Koontz & Associates, PL & Koontz & Parkin, CPAs tackled the new guidance on who should be receiving PPP loans, what factors to consider when determining good faith certification and loan forgiveness.Read More
Update on PPP and EIDL Loan, Schedule C and S Corporations.Read More
Discussing PPP, federal programs for tax deferment, IRA planning and opportunities, and getting ready for the next round of PPP funding.Read More
The Senate passed a $484 billion interim coronavirus funding bill via voice vote on Tuesday after more than a week of intense negotiations between the Trump administration and Congress. WHY IT MATTERS The agreement will replenish the Paycheck ... Read More
Jo Ann Koontz and Marina Parkin are joined by Christine Sensenig, Labor and Employment Attorney of Sarasota, FL. In today's webinar, we will be discussing Florida's Department of Economic Opportunity (Unemployment), the CARES Act and other related topics, including your questions about this topic.Read More
We've provided a quick guide to understand the differences between the EIDL Program and the PPP. Download a pdf here.Read More
Taxpayers should be on the lookout for IRS impersonation calls, texts and email phishing attempts about the coronavirus or COVID-19 Economic Impact Payments. These scams can lead to tax-related fraud and identity theft.Read More
At roughly 1:00pm EST it was reported that both EIDL and PPP funds have been exhausted. It is important to not panic, as this situation continues to develop we will keep you posted. It is important to not panic, as this situation continues to develop we will keep you posted.Read More
This webinar will provide you with an update on the PPP & EIDL Loans.
EIDL Loan Application Process for Individuals, Small Businesses and Realtors®. April 15, 2020 we walked applicants through a 13-step process on how to complete the Economic Injury Disaster Loan application.Read More
Every day we receive more information on COVID-19 Disaster Relief Programs rules, regulations, and guidelines. April 14th we covered the latest updates and changes to recovery rebates, IRA distribution, payroll tax credits, loan deferment and more.Read More
April 10, 2020 independent contractors and the self-employed we able to begin applying for the Paycheck Protection Program (PPP) loan. We held a 30-minute webinar to walk Realtors® through which boxes to check and how to properly calculate your ... Read More
SUMMARY OF APPLICABLE PROVISIONS – THROUGH 4-12-2020
We have received a lot of client inquiries centered around coronavirus COVID-19 relief resources for business owners. Below is a detailed summary of provisions. Click here to download the full summary of provisions for business owners and individuals alike.Read More
In this webinar, we're explaining the details about regarding the PPP and EIDL loans.Read More
Wondering if the COVID-19 disaster relief programs benefit Realtors®? The simple answer is yes. Inn order to understand the rules, regulations and guidelines provided by the banks and government agencies, we will be hosted a free webinar on Wednesday, April 8, 2020.Read More
With the constantly evolving COVID-19 relief programs, Koontz & Associates, PL and Koontz & Parkin, CPAs will be hosting a free webinar every Tuesday and Thursday at 10:00 AM to keep you updated on tax and small business disaster recovery programs.Read More
Source: IRS.gov | IR-2020-59, March 25, 2020
WASHINGTON – To help people facing the challenges of COVID-19 issues, the Internal Revenue Service announced today a sweeping series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to postponing compliance actions.
“The IRS is taking extraordinary steps to help the people of our country,” said IRS Commissioner Chuck Rettig. “In addition to extending tax deadlines and working on new legislation, the IRS is pursuing unprecedented actions to ease the burden on people facing tax issues. During this difficult time, we want people working together, focused on their well-being, helping each other and others less fortunate.”Read More
We hope you and your families remain safe during this uncertain time. We promise to remain committed to keeping you informed during this global outbreak as we know it is significantly affecting individuals, businesses and the economy as a whole.
To help you understand the tax impact, we will keep you informed as we learn more information. Treasury Secretary Steven Mnuchin announced that the deadline to file a 2019 tax return and pay any taxes owed is now Wednesday, July 15, 2020. Penalties and interest that would otherwise apply during this nearly three-month period will be waived.Read More
Tax season is upon us, and you know what that means: you only have until the end of March to scrape together all those papers, receipts, and bills and hand them over your accountant’s desk.
As accountants, let us be the first to assure you: we love this process.
We enjoy tax season, and we like to help you keep your financial life in order. That said, there are a few things you can do to help your accountant be more efficient, organized and injury-free: help us help you by following these tax-time tips on what to do and not to do:Read More
Stay on Top Of Your Personal and Business Filing Dates for 2019 4/1.......... Florida Tangible Personal Property tax is due 4/15.......... Individual Tax Returns are due 4/15.......... C- Corp & Trust Tax Returns are due . 4/15......... ... Read More
NEWS + TIPS
Like no other firm, we take a holistic approach in offering legal and tax services with a focus on Real Estate & Business, all under one roof. We are two firms functioning as one team, offering years of experience with a personal approach.Read More
Kudos to Jo Ann
Jo Ann Koontz, CPA, J.D. - named 40 Under 40 Honoree for 2018 by CPA Practice Advisor!Read More
Growing, energetic, ambitious tax accounting firm looking for the right fit Tax Accounting Professional with 4-5 years useful and applicable experience in tax preparation and the necessary related technologies.Read More
Our Open House Realtor & Tax Seminars
Running throughout the year, our short, FREE and insightful seminars will empower participants with important, easy to understand, legal and tax knowledge that will promote efficiency, minimize liability and maximize profitability.Read More