Please note that this blog is based on laws effective in September 2020 and may not contain later amendments. Please contact Cray Kaiser for the most recent information.

The Internal Revenue Service (IRS) announced that it would reopen the registration period for federal beneficiaries with children who did not receive a $500 per child Economic Impact (stimulus) Payment earlier this year. Here’s what you need to know:

When to Apply

The IRS urges certain federal benefit recipients to use the IRS.gov Non-Filers tool between August 15 and September 30 to enter information on their qualifying children in order to receive the supplemental $500 payments.

Who Should Register

Those eligible to provide this information include people with qualifying children who receive Social Security retirement, survivor or disability benefits; Supplemental Security Income (SSI); Railroad Retirement benefits; and Veterans Affairs Compensation and Pension (C&P) benefits and did not file a tax return for 2018 or 2019.

The IRS anticipates the catch-up payments, equal to $500 per eligible child, will be issued by mid-October.

If You Already Used the Non-Filer Tool

For those Social Security, SSI, Department of Veterans Affairs and Railroad Retirement Board beneficiaries who have already used the Non-Filers tool to provide information on their children, and who haven’t yet received payment, no further action is needed. The IRS will automatically make a payment in October.

If You Haven’t Used the Non-Filer Tool

For those who received Social Security, SSI, RRB or VA benefits and have not used the Non-Filers tool to provide information on their children, register online by September 30 using the Non-Filers: Enter Payment Info Here tool. However, anyone who filed or plans to file either a 2018 or 2019 tax return should file the tax return and not use this tool.

Any beneficiary who misses the September 30 deadline will need to wait until next year to claim the Economic Impact Payment as a credit on their 2020 federal income tax return.

How the Payment Will be Made

Those who received their original Economic Impact Payment by direct deposit will also have any supplemental payment direct deposited to the same account. Others will receive a check. The status of the payments can be checked by using the Get My Payment tool. In addition, a notice verifying the $500-per-child supplemental payment will be sent to each recipient and should be filed with other tax records.

For Non-Filers

Those who are not required to file a tax return are still eligible to receive an Economic Impact Payment by using the Non-Filers’ tool, but they need to act by October 15 to receive their payment this year. Otherwise, they will need to wait until next year and claim it as a credit on their 2020 federal income tax return.

About the Non-Filers Tool

The Non-Filers tool is designed for people with incomes typically below $24,400 for married couples, and $12,200 for singles. This includes couples and individuals who are experiencing homelessness. People can qualify, even if they don’t work or have no earned income. But low- and moderate-income workers and working families eligible to receive special tax benefits, such as the Earned Income Tax Credit or Child Tax Credit, cannot use this tool. They will need to file a regular return.

If you have questions about the child stimulus payment or stimulus payments in general, please contact Cray Kaiser today. 

Please note that this blog and the 24-week PPP loan forgiveness templates are based on laws effective in August 2020 and may not contain later amendments. Please contact Cray Kaiser for most recent information.

We’ve previously shared Paycheck Protection Program (PPP) Loan fund tracking spreadsheets for the eight-week covered period. Now, we have created templates for the 24-week covered period. You can click below to download weekly, bi-weekly, monthly, and semi-monthly workbooks. Each workbook contains instructions, the loan forgiveness calculator, determination of your FTE (full time equivalent), actual tracking of costs template, a certification template and two examples so you can “see the math” in action.

DOWNLOAD THE PPP LOAN
FORGIVENESS TEMPLATES

Should any questions arise as you complete the calculations in the 24-week PPP loan forgiveness templates, please contact Cray Kaiser at 630-953-4900.

Click here to read more COVID-19 resources.

Please note that this blog is based on laws effective in August 2020 and may not contain later amendments. Please contact Cray Kaiser for the most recent information.

On August 28, the Treasury Department issued guidance regarding the deferral of payroll taxes going into effect on September 1, 2020. The guidance was a result of President Trump’s Executive Order issued on August 8.

For the period between September 1 and December 31, 2020, employers can opt out of withholding the 6.2% payroll tax that is the employee’s share of Social Security taxes. The deferral is only available to employees that earn less than the equivalent of an annual salary of $104,000. If the employer chooses to defer collection, the taxes would then be due no later than April 30, 2021.

What does the deferral of payroll taxes mean for employees?

Mechanically, this would mean that if an employer opts in to the deferral program, employees would see an increased paycheck for the remainder of 2020. However, because the taxes are due in early 2021, employees would need to repay the deferred taxes to make the government whole. The net effect of this provision is a short-term, interest-free loan to employees.

The guidance does not speak to the effect of an employee leaving the company after having deferred taxes other than to indicate that if necessary, an employer can make “arrangements” to collect the taxes from the employee.

Complicating matters further, President Trump has indicated that if re-elected, he will forgive the deferred taxes. Forgiveness was not addressed in the guidance, as only Congress can take action to allow for forgiveness.

If you would like to discuss whether your company should opt in to the payroll tax deferral program, please call Cray Kaiser today at 630-953-4900.

Please note that this blog is based on laws effective on June 5, 2020 and may not contain later amendments. Please contact Cray Kaiser for most recent information.

Congress has continued to legislate for the small business community, specifically targeting the Paycheck Protection Program (PPP) loans. On June 3, 2020, the Senate approved House Bill 7010 which is commonly referred to as the Paycheck Protection Program Flexibility Act of 2020. This bill provides some flexibility to small businesses in complying with the terms of the PPP loan. A few key features of this bill are summarized below.

Revisions of Existing Provisions

• There’s an extension of the covered period to either 24 weeks after the loan origination or December 31, 2020, whichever is earlier. Previously, the covered period was eight weeks.
  • Please note: recipients who received a covered loan prior to the enactment of this law may use the original eight-week covered period.
• The minimum maturity date of any loan with a remaining balance after loan forgiveness was amended from a two-year period to a five-year period.
• The limitation on forgiveness based upon use of PPP funds was amended to be a minimum of 60% for payroll costs and 40% for non-payroll costs (rent, utilities, and mortgage interest).
  • Please note: the bill appears to state that you must have at least 60% of payroll costs to have loan forgiveness. Previously these terms were 75% of payroll costs and 25% of non-payroll costs.
• Deferral of payroll tax payments is allowable even if a borrower would receive loan forgiveness on a covered loan. Previously this was disallowed once loan forgiveness was granted.

Introduction of New Provisions

Exemptions Based on Employee Availability

During the period of February 15, 2020 through December 31, 2020 a borrower may exempt a reduction in the full-time equivalent calculation if the borrower is able to document one of the following:

1. An inability to rehire former employees who were employed as of February 15, 2020.
2. An inability to hire similarly qualified employees for unfilled positions on or before December 31, 2020.
3. An inability to return to the same level of business activity as was operating prior to February 15, 2020 due to compliance with federal requirements during the period of March 1, 2020 through December 31, 2020 related to maintenance of standards for sanitation, social distancing, or any other worker or customer safety requirement related to COVID-19.

Repayment Requirement

There was an added provision requiring a borrower failing to apply for loan forgiveness within 10 months after the last day of the covered period to make payments of principal, interest and fees beginning on this date.

The bill is awaiting final approval by President Trump. Soon after his approval, formal guidance will become available. As further information develops, we will update our blog accordingly. Until then, please don’t hesitate to contact Cray Kaiser with any questions regarding the Paycheck Protection Program Flexibility Act of 2020.

CK OFFICE OPERATIONS

These are certainly trying times and we want to reiterate that Cray Kaiser is here for you. As things continue to evolve in light of the COVID-19 pandemic, we at CK are taking additional precautions for the benefit of our team members and our clients.

Effective immediately:

• No clients or guests will be allowed in our suite.
• All in-person meetings are cancelled. Instead, we will be utilizing phone calls and/or email to communicate with our clients.
• Our team members are being encouraged to work remotely. All staff are equipped with the appropriate technology and resources to continue to securely and confidentially serve you from home.
• We will no longer have in-person drop offs of accounting/tax data. Instead, please drop off any packages outside the office door of our suite in the box provided.
• All paper files, tax returns etc. will no longer be mailed by our office to you. We will be holding these items in our office to send to you at a later date.

CK PORTAL ACCESS

We want to remind our clients of our portal access and your ability to safely and securely share your information with our team. We ask that you email efile@craykaiser.com to request your portal access. This will eliminate the need for you to drop off your tax information at our office.

MOVING FORWARD

Thank you for your patience and understanding during this challenging time. We wish you, your family, and your business health and safety. We will continue to support you as best as we can while keeping each other’s health a priority. If any changes occur during the course of the next few days, we will update our website.

Click here to read more COVID-19 resources.

Please note that this blog is based on laws effective on May 2, 2020 and may not contain later amendments. Please contact Cray Kaiser for most recent information.

UPDATE: The PPP loan forgiveness templates have been updated as of June 3, 2020. Please use the new download link provided below.

We last shared some best practices and next steps once you receive your PPP funds. It’s now time to start tracking your use of the funds to determine the amount to be forgiven. To aid you in this process, we’ve prepared a few Excel workbooks which you can download by clicking the link below. Each workbook contains instructions, the loan forgiveness calculator, determination of your FTE (full time equivalent), actual tracking of costs template, a certification template and two examples so you can “see the math” in action.

DOWNLOAD THE PPP LOAN FORGIVENESS TEMPLATES

Last week, the Treasury issued an FAQ to provide a recovery period to public companies that took PPP loans when they had adequate resources. The certification documentation provided in the worksheets above allows you to document how and why the PPP loan funds were considered necessary for your company. For entities with loan funds in excess of $2,000,000, it may be necessary to substantiate this documentation with projections and financial amounts in the event of an audit. It’s best practice to complete these worksheets regardless of your funding to be ready in the event you are asked. Remember those sleepless nights before receiving the funding? Those are the reasons why you needed these funds!

Some of you may already be two to three weeks into your eight-week covered period, so acting fast to do the math will get you better positioned once the loan forgiveness process is in place.  We anticipate more guidance in the upcoming weeks and will keep you informed on our blog as we know more.

There has been a lot of narrative around the computations of the loan forgiveness (including our own) and now it’s time to put those numbers to work! Should any questions arise as you complete these calculations with the PPP loan forgiveness templates, please contact Cray Kaiser at 630-953-4900.

CK OFFICE OPERATIONS

These are certainly trying times and we want to reiterate that Cray Kaiser is here for you. As things continue to evolve in light of the COVID-19 pandemic, we at CK are taking additional precautions for the benefit of our team members and our clients.

Effective immediately:

• No clients or guests will be allowed in our suite.
• All in-person meetings are cancelled. Instead, we will be utilizing phone calls and/or email to communicate with our clients.
• Our team members are being encouraged to work remotely. All staff are equipped with the appropriate technology and resources to continue to securely and confidentially serve you from home.
• We will no longer have in-person drop offs of accounting/tax data. Instead, please drop off any packages outside the office door of our suite in the box provided.
• All paper files, tax returns etc. will no longer be mailed by our office to you. We will be holding these items in our office to send to you at a later date.

CK PORTAL ACCESS

We want to remind our clients of our portal access and your ability to safely and securely share your information with our team. We ask that you email efile@craykaiser.com to request your portal access. This will eliminate the need for you to drop off your tax information at our office.

MOVING FORWARD

Thank you for your patience and understanding during this challenging time. We wish you, your family, and your business health and safety. We will continue to support you as best as we can while keeping each other’s health a priority. If any changes occur during the course of the next few days, we will update our website.

Click here to read more COVID-19 resources.

Please note that this blog is based on laws effective on April 2, 2020 and may not contain later amendments. Please contact Cray Kaiser for most recent information.

With the ink barely dry on the Coronavirus Aid, Relief, and Economic Security Act (CARES) Act, there have already been several hot topics surrounding the benefits it provides. Below are the top 5 tax provisions that we believe will be most impactful to our clients. You are welcome to listen to these key points in podcast format and then scroll down to read more details for each topic.

#1 Stimulus Payments

What It Means:

Eligible taxpayers will receive a payment of up to $1,200 ($2,400 for married filing jointly) plus $500 for each “qualifying child” (under 17 years of age).

• The payment is phased out at higher levels of adjusted gross income (AGI). The phaseout begins at AGI of $75,000 ($150,000 for married filing jointly). The rebate is fully phased out when AGI reaches $99,000 ($198,000 for married filing jointly).
• AGI is determined based on either the 2018 or 2019 income tax return, whichever return has been filed most recently.
• The payment is an advance of a 2020 tax credit. If, in preparing the 2020 return, a larger credit is determined, the larger credit will apply. If a smaller credit is determined, the payment will not need to be returned.

What We Advise:

If you have not yet filed your 2019 return, it may be wise to delay filing in order to maximize the advance payment if your 2018 income is less than 2019.

#2 Employee Retention Tax Credit / Deferral

What It Means:

A refundable payroll tax credit for 50% of wages paid between March 12 and December 31, 2020 for the first $10,000 in wages per employee. Eligible businesses will be required to have full or partial suspension and a significant (more than 50% decline) in gross receipts.

• Also available is a deferral of the employer’s share of Social Security tax between now and December 31, 2020 until 2021 (50%) and 2022 (50%). Note: This cannot be claimed if you have a Payroll Protection Loan forgiven.

What We Advise:

DO THE MATH! In most cases, the benefits of the forgivable Payroll Protection Loan will outweigh both the employee retention tax credit and deferral.

#3 Net Operating Loss / Business Loss / Interest Expense Modifications

What It Means:

2018, 2019, and 2020 losses can now be carried back 5 years to fully offset income, as opposed to strictly carried forward. This will allow businesses to recoup previously paid taxes, including in higher tax years. After applying the carryback, certain net operating losses can be carried forward and offset 100% of taxable income, instead of only 80%.

• Beginning in 2019, business losses were limited in that only $500,000 (if married filing jointly) could offset other taxable income. This resulted in some taxpayers paying tax even though their business losses exceeded other income. The limitation has been suspended for 2018 – 2020.
• Beginning in 2018, certain business interest expense deductions were limited. The restrictions have been loosened for 2019 and 2020.

What We Advise:

The CARES Act provides opportunities to businesses to review prior loss/expense limitations and determine if returns should be amended to recoup prior year taxes. At CK, we are looking at all of our business clients’ results for this opportunity and amending returns where beneficial.

#4 Revised Definition of “Qualified Improvement Property”

What It Means:

“Qualified Improvement Property” (QIP) includes any improvement to an interior portion of a building that is nonresidential real property. 

• Beginning in 2018, the law only provided a 39-year depreciable life for QIP. This longer depreciation rate significantly affected restaurants, for example.
• The CARES Act redefined QIP’s useful life to 15 years, thus making eligible QIP eligible for an immediate write off through bonus depreciation.

What We Advise:

If you have previously placed QIP in service in 2018 and 2019, review with your tax advisor whether it is beneficial to amend returns in order to claim this benefit. If so, utilize the new net operating loss provisions to recoup taxes paid in years prior to 2018. 

#5 Required Minimum Distribution (RMD) Waiver

What It Means:

The required minimum distributions from certain retirement plans (for example 401(k)s and IRAs) are waived for calendar year 2020.

• If you have been taking annual RMD’s, you are not required to take a 2020 RMD.
• If you deferred your first RMD to 2020 (i.e. you turned 70 1/2 in 2019), you can also defer your 2020 RMD.
• If you have already taken your 2020 RMD you can roll this back into your plan tax-free, assuming it’s done within 60 days of withdrawal.

What We Advise:

Tax planning with RMD’s will be critical in 2020. Just because you are not required to take an RMD, it doesn’t mean you shouldn’t. Work with your advisors to project your taxable income, especially in light of tax provisions that could significantly reduce your 2020 taxable income. 2020 might be a good time to withdraw from your plan if you are in a low tax bracket, although the RMD is not required.

In these rapidly changing times, know that CK has your back when it comes to supporting your tax and accounting needs. Please call us at 630-953-4900 if you’d like to discuss how any of these provisions affect you.

CK OFFICE OPERATIONS

These are certainly trying times and we want to reiterate that Cray Kaiser is here for you. As things continue to evolve in light of the COVID-19 pandemic, we at CK are taking additional precautions for the benefit of our team members and our clients.

Effective immediately:

• No clients or guests will be allowed in our suite.
• All in-person meetings are cancelled. Instead, we will be utilizing phone calls and/or email to communicate with our clients.
• Our team members are being encouraged to work remotely. All staff are equipped with the appropriate technology and resources to continue to securely and confidentially serve you from home.
• We will no longer have in-person drop offs of accounting/tax data. Instead, please drop off any packages outside the office door of our suite in the box provided.
• All paper files, tax returns etc. will no longer be mailed by our office to you. We will be holding these items in our office to send to you at a later date.

CK PORTAL ACCESS

We want to remind our clients of our portal access and your ability to safely and securely share your information with our team. We ask that you email efile@craykaiser.com to request your portal access. This will eliminate the need for you to drop off your tax information at our office.

MOVING FORWARD

Thank you for your patience and understanding during this challenging time. We wish you, your family, and your business health and safety. We will continue to support you as best as we can while keeping each other’s health a priority. If any changes occur during the course of the next few days, we will update our website.

Click here to read more COVID-19 resources.

Please note that this blog is based on laws effective March 21, 2020 and may not contain later amendments. Please contact Cray Kaiser for most recent information.

 

As the coronavirus event has moved rapidly, markets keep reacting sharply, and people are learning to be adaptable, our elected officials are trying to blunt some of the extreme reactions with the Families First Coronavirus Response Act (H.R. 6201). Click here to read more details about this Act.

 

CK OFFICE OPERATIONS

These are certainly trying times and we want to reiterate that Cray Kaiser is here for you. As things continue to evolve in light of the COVID-19 pandemic, we at CK are taking additional precautions for the benefit of our team members and our clients.

Effective immediately:

• No clients or guests will be allowed in our suite.
• All in-person meetings are cancelled. Instead, we will be utilizing phone calls and/or email to communicate with our clients.
• Our team members are being encouraged to work remotely. All staff are equipped with the appropriate technology and resources to continue to securely and confidentially serve you from home.
• We will no longer have in-person drop offs of accounting/tax data. Instead, please drop off any packages outside the office door of our suite in the box provided.
• All paper files, tax returns etc. will no longer be mailed by our office to you. We will be holding these items in our office to send to you at a later date.

CK PORTAL ACCESS

We want to remind our clients of our portal access and your ability to safely and securely share your information with our team. We ask that you email efile@craykaiser.com to request your portal access. This will eliminate the need for you to drop off your tax information at our office.

MOVING FORWARD

Thank you for your patience and understanding during this challenging time. We wish you, your family, and your business health and safety. We will continue to support you as best as we can while keeping each other’s health a priority. If any changes occur during the course of the next few days, we will update our website.

Click here to read more COVID-19 resources.

Please note that this blog is based on laws effective March 21, 2020 and may not contain later amendments. Please contact Cray Kaiser for most recent information.

On Friday, March 20, Steve Mnuchin, Secretary of the Treasury, released a statement that the federal tax filing deadline has moved in response to the ongoing coronavirus (COVID-19) pandemic. The new deadline of July 15, 2020 corresponds with the tax payment deadline previously rescheduled earlier in the week. We do not yet have clarity on tax deadlines for certain states, including Illinois. We will keep you posted as guidance is provided.

What this means for you:
Due to the extenuating circumstances surrounding COVID-19, and the Illinois “stay at home” requirement, our office has closed to the public and our employees are working from home. See more about how our operations have been affected below.

We’re here to help:
We understand that this situation can be extremely frustrating. We empathize with what you are feeling as we all navigate this situation together. Please know we are doing all that we can to complete work in an accurate and efficient manner.

If you have any questions regarding the latest update regarding the federal tax filing deadline, or simply want to chat about your current situation, please do not hesitate to contact our office at 630-953-4900.

CK OFFICE OPERATIONS

These are certainly trying times and we want to reiterate that Cray Kaiser is here for you. As things continue to evolve in light of the COVID-19 pandemic, we at CK are taking additional precautions for the benefit of our team members and our clients.

Effective immediately:

• No clients or guests will be allowed in our suite.
• All in-person meetings are cancelled. Instead, we will be utilizing phone calls and/or email to communicate with our clients.
• Our team members are being encouraged to work remotely. All staff are equipped with the appropriate technology and resources to continue to securely and confidentially serve you from home.
• We will no longer have in-person drop offs of accounting/tax data. Instead, please drop off any packages outside the office door of our suite in the box provided.
• All paper files, tax returns etc. will no longer be mailed by our office to you. We will be holding these items in our office to send to you at a later date.

CK PORTAL ACCESS

We want to remind our clients of our portal access and your ability to safely and securely share your information with our team. We ask that you email efile@craykaiser.com to request your portal access. This will eliminate the need for you to drop off your tax information at our office.

MOVING FORWARD

Thank you for your patience and understanding during this challenging time. We wish you, your family, and your business health and safety. We will continue to support you as best as we can while keeping each other’s health a priority. If any changes occur during the course of the next few days, we will update our website.

Click here to read more COVID-19 resources.

Please note that this blog is based on laws effective March 18, 2020 and may not contain later amendments. Please contact Cray Kaiser for most recent information.

This afternoon, the IRS issued formal guidance on tax payment relief. Notice 2020-17 establishes the following:

• Every individual or entity with a Federal income tax payment due April 15, 2020 is considered an “Affected Taxpayer” for purposes of relief. Meaning, you don’t need to be physically affected by the virus; if you have a Federal income tax due on April 15, 2020, you qualify for the relief.
• The relief means that all Federal income tax payments due April 15, 2020 have an extended payment due date of July 15, 2020. This includes not only balances due on April 15, 2020 (generally your 2019 tax liability), but also first quarter 2020 federal estimated tax payments due April 15, 2020. The limitation on this relief is capped to $1 million for an individual taxpayer regardless of filing status. Relief is capped at $10 million for corporate taxpayers.
• Interest and penalty accrue above these caps starting on April 15, 2020 (no relief). Meaning, if you are an individual with a 2019 tax liability of $500,000 and a 1st quarter estimate due of $600,000, for a total of $1.1 million, the excess $100,000 tax due is subject to interest and penalty starting on April 15, 2020. Interest and penalty will not begin to accrue until July 16, 2020 for amounts under this cap. No guidance has been provided regarding federal tax payments due between April 15 and July 16, 2020 – namely the 2nd quarter estimated tax liability. 

Keep in mind the Notice only deals with payment relief, not filing relief. Based on our understanding of the law, valid extension requests of time to file will be required.

The Notice also does not mention relief of any other federal taxes, including payroll taxes. As such, it’s critical that if cash is tight, you continue to make payroll tax deposits. Failure to do so can be very costly.

Finally, we are still awaiting guidance from a number of state tax authorities including Illinois to determine what filing and/or payment relief might be available. We will continue to keep you abreast of developments as they come.

CK OFFICE OPERATIONS

These are certainly trying times and we want to reiterate that Cray Kaiser is here for you. As things continue to evolve in light of the COVID-19 pandemic, we at CK are taking additional precautions for the benefit of our team members and our clients.

Effective immediately:

• No clients or guests will be allowed in our suite.
• All in-person meetings are cancelled. Instead, we will be utilizing phone calls and/or email to communicate with our clients.
• Our team members are being encouraged to work remotely. All staff are equipped with the appropriate technology and resources to continue to securely and confidentially serve you from home.
• We will no longer have in-person drop offs of accounting/tax data. Instead, please drop off any packages outside the office door of our suite in the box provided.
• All paper files, tax returns etc. will no longer be mailed by our office to you. We will be holding these items in our office to send to you at a later date.

CK PORTAL ACCESS

We want to remind our clients of our portal access and your ability to safely and securely share your information with our team. We ask that you email efile@craykaiser.com to request your portal access. This will eliminate the need for you to drop off your tax information at our office.

MOVING FORWARD

Thank you for your patience and understanding during this challenging time. We wish you, your family, and your business health and safety. We will continue to support you as best as we can while keeping each other’s health a priority. If any changes occur during the course of the next few days, we will update our website.

Click here to read more COVID-19 resources.

Please note that this blog is based on laws effective March 17, 2020 and may not contain later amendments. Please contact Cray Kaiser for most recent information.

There has been much speculation surrounding the impact of the Coronavirus (COVID-19) pandemic on the U.S. tax filing deadline. At a Tuesday White House briefing, Treasury Secretary Steven Mnuchin announced new relief measures that are effective immediately.

The Internal Revenue Services (IRS) has extended the tax payment deadline for 2019 income taxes for individuals who owe up to $1 million and corporations that owe up to $10 million.

Eligible taxpayers can defer payment for up to 90 days without accruing interest or penalties. This puts the new tax payment deadline at July 15. As of now, the tax filing deadline remains April 15, though this could still change. Regardless of a change in deadline, our firm will continue to operate with the goal of completing tax filings without relying on extensions.

We remain on alert to any news about this situation. If the IRS announces a filing extension, we will contact you as soon as possible. It is expected that many states will follow suit in granting similar payment relief. We will be sure to keep you informed of any new updates at both the federal and state levels.

In the meantime, please do not hesitate to contact us with any questions you have regarding these circumstances. We will continue to work diligently to provide the services you count on from our team.

CK OFFICE OPERATIONS

These are certainly trying times and we want to reiterate that Cray Kaiser is here for you. As things continue to evolve in light of the COVID-19 pandemic, we at CK are taking additional precautions for the benefit of our team members and our clients.

Effective immediately:

• No clients or guests will be allowed in our suite.
• All in-person meetings are cancelled. Instead, we will be utilizing phone calls and/or email to communicate with our clients.
• Our team members are being encouraged to work remotely. All staff are equipped with the appropriate technology and resources to continue to securely and confidentially serve you from home.
• We will no longer have in-person drop-offs of accounting/tax data. Instead, please drop off any packages outside the office door of our suite in the box provided.
• All paper files, tax returns etc. will no longer be mailed by our office to you. We will be holding these items in our office to send to you at a later date.

CK PORTAL ACCESS

We want to remind our clients of our portal access and your ability to safely and securely share your information with our team. We ask that you email efile@craykaiser.com to request your portal access. This will eliminate the need for you to drop off your tax information at our office.

MOVING FORWARD

Thank you for your patience and understanding during this challenging time. We wish you, your family, and your business health and safety. We will continue to support you as best as we can while keeping each other’s health a priority. If any changes occur during the course of the next few days, we will update our website.

Click here to read more COVID-19 resources.