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The Accounting Blog of Koontz & Parkin

Let's Discuss PPP From a Banking Perspective

Friday, May 22, 2020

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.

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Safe Harbor for PPP Loans Under $2 Million

Thursday, May 14, 2020

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).

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Senate Passes $484 Billion Interim
Coronavirus Funding Bill

Wednesday, April 22, 2020

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


COVID-19 Unemployment Resources

Tuesday, April 21, 2020

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.

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EIDL & PPP Loan Funds Exhausted

Thursday, April 16, 2020

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.

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COVID-19 Updates for Individuals & Small Businesses

Tuesday, April 14, 2020

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.

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Realtors® COVID-19 Disaster Relief Programs

Wednesday, April 8, 2020

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. 

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Webinar: COVID19 Tax and Loan Programs Overview

Tuesday, April 7, 2020

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.

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IRS unveils new People First Initiative; COVID-19 effort temporarily adjusts, suspends key compliance programs

Thursday, March 26, 2020

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.”

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Income Tax Filing Deadline Extended

Friday, March 20, 2020

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. 

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Life Hack: Preparing Documents to Bring to your CPA

Monday, February 24, 2020

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:

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Even MORE tax & real estate news tips!

Thursday, October 4, 2018

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.

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We are hiring the best!

Wednesday, August 29, 2018

TAX ACCOUNTANT

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. 

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Top Tax and Real Estate Tips and Free Advice!

Monday, August 20, 2018

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.

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