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Coronavirus (COVID-19)

Update

As we navigate these unprecedented times, our top priority is the safety and well-being of the clients we serve and our employees. As part of our commitment, we want to share our current stance and practices as it relates to the Coronavirus (COVID-19) outbreak.

We are adjusting our current course of business based on current State and Federal recommendation.

Most of the work we provide to our clients can be done with little or no face to face contact. We will optimize virtual work and allow our staff to work remotely until further notice. Please keep the following in mind:

  • Please continue to contact us by phone at 307-672-0785.
  • Please scan and email documents when possible.
  • Documents may be dropped off by using our drop box to the right of the front doors or as arranged.
  • We will be available to hand deliver documents curbside at our office location between 10 – 2pm Monday through Thursday and 10 - 12pm Friday.
  • We will schedule conference call meetings by phone to review tax returns as needed.
  • Tax Returns will be uploaded to our secure portal for those clients that provide email addresses.

CARES Act

In an effort to keep our clients updated on the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, the following information is a summary of the different laws and resources that have been made available. We will continue to update this information with additional guidance and links to resources as they become available. Please consult your tax advisor for additional information and resources as updates to these new laws are changing frequently.

Individuals

Recovery rebate: Under the CARES Act, eligible individuals are allowed an income tax credit of $1,200 per adult and $500 per qualifying child. 

Businesses

Families First Coronavirus Response Act: Beginning April 1st, employers with less than 500 employees are required to provide up to two weeks of paid sick leave and up to 10 weeks more of partially paid expanded family medical leave for COVID-19 related reasons, including lack of child care. 

Employee Retention Credit for Employers: Eligible employers can qualify for a refundable credit against the employers 6.2% portion of the Social Security payroll tax for 50% of certain wages paid to employees during the COVID-19 crisis. 

Delay of Payment of Employer Payroll Taxes: Taxpayers (including self-employed’s) will be able to defer paying the employer portion of social security taxes through the end of 2020, with all 2020 deferred amounts due in two equal installments, one at the end of 2021, the other at the end of 2022.

Small Business Administration Loans: The SBA is offering several programs and initiatives for small businesses during this time, two of importance to consider are the Paycheck Protection Program which provides capital to cover the cost of retaining employees, facilities and interest on debt. Employers that maintain employment for the eight weeks after the origination of the loan, or rehire employees by June 30th, would be eligible to have their loans forgiven. The second which provides a quick infusion of cash (up to $10,000) to cover you right now is the Emergency Economic Grant.

A list of current programs are available through the Small Business Administration. We suggest that you contact your local banker about the SBA loans and other relief options as funds may only be available on a first come basis.

To access our secure portal, please click on the following link: 

PORTAL ACCESS