As the coronavirus pandemic continues to impact the economy, there’s a lot of information flying around. We’ve weeded out the speculation to help you understand the facts related to legislation and economics.
Message to our Clients
We are taking steps to help prevent the spread of the virus while serving your needs. GunnChamberlain provides essential services, including tax filing, help navigating the SBA loan process, and outsourced accounting services. Read more.
Big Highs and Big Lows: First quarter of 2020 economic update
The world had high hopes for 2020. With the start of a new decade came excitement and anticipation. But no one could have predicted just how memorable of a year this one would be. During our April 30, 2020, economic update webinar, we took a look at the data.Watch now.
Information for Individuals and Families
The CARES Act was signed by the President of the United States on March 27. We’ve summarized the provisions that impact individual taxpayers on our blog. Read more.
- College students facing financial challenges may be eligible for relief grants via the financial aid offices of their schools. Learn more.
- The IRS has opened its promised portal allowing taxpayers to check the status of their stimulus checks and enter banking information if it’s needed. Click here to access it; note that load times may be slow as traffic peaks.
- The AICPA has created a spreadsheet you can use to calculate your stimulus payment under the CARES Act. Click here to download your copy.
Florida Reemployment Assistance
Tax Filing and Payment Deadlines
The April 15, 2020, tax deadline has been extended to July 15, which means you must pay 2019 tax due and file your return or an extension by July 15. First and second quarter 2020 tax payments are also due July 15. The IRS has posted a variety of FAQs related to the deadline change on their website. Read more.
Coronavirus and the Economy: How to be proactive in an economic crisis
As financial planners who have weathered many financial crises over the past 41 years, we strongly encourage you to keep a long-range view of your affairs. Read more.
Investing in Turbulent Times
That sudden barrage of media notifications that the market is “crashing” makes it seem like panic is the only option. Read more.
Information for Businesses
Upcoming Tax Deadlines
- Federal income tax returns/extensions: July 15, 2020
- Federal estimated tax payments for first quarter: July 15, 2020
- Federal estimated tax payments for second quarter: July 15, 2020
Small Business Loans and Tax Relief Information
- Florida Small Business Emergency Bridge Loan Applications
- U.S. Small Business Administration Loan Information
- Disaster Loan Assistance (federal)
- Florida Disaster Loans
- Federal Reserve’s Main Street Lending Program
Did you receive a Payroll Protection Program loan? Review our guide to ensuring you’re eligible for loan forgiveness. Read more.
Paid leave during COVID-19: What employers need to know
Regulations and federal guidelines are changing, sometimes by the hour, and it’s critical for employers to be informed of the options for paid leave during COVID-19. Read more.
Families First Coronavirus Response Act: What businesses need to know
While this situation continues to evolve and we expect more to come, there are some key provisions for which business owners should be making adjustments now. Read more.
Florida Department of Revenue Taxpayer Information
Certain filing deadlines for Florida businesses, including sales and use taxes, that are adversely affected have been delayed.
U.S. Department of Labor Required Posting
Follow the link to download a poster that explains your employees’ rights related to paid sick leave and expanded FMLA. Download now.
Frequently Asked Questions
Access our FAQs page to view the answers to common questions related to coronavirus relief.