Draus and Associates

Joined March 2020
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DrausAndAssociatesCPAs retweeted
It's April 15, the traditional tax filing deadline. Jan Lewis, #AICPA tax executive committee member, helps explain who owes taxes today and who can wait until the May 17 deadline. bit.ly/3to207A

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DrausAndAssociatesCPAs retweeted
#AICPA calls for full deductions of PPP expenses, removal of remote work tax obstacles, and relief to state and local governments, among other policies, in the next round of COVID-19 relief stimulus legislation. bit.ly/2ZZtows

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DrausAndAssociatesCPAs retweeted
CPAs have no excuse to return to crowded offices, especially not in states where #COVID19 is having a second wind. #Accounting will remain “remote-flexible” for the foreseeable future. Here are 6 productivity hacks for the remote CPA: trib.al/7SZxEiC

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With the #2019tax deadline approaching (without filing an extension) , here are some good reasons to consider an #IRS #Extension forbes.com/sites/robertwood/…

DrausAndAssociatesCPAs retweeted
Sen. Gardner says he hopes the Senate can pass the House PPP fix by Unaimous Consent (possibly) today. All it takes is 1 senator to object to UC and reportedly there is division within the GOP caucus on how to go forward on this. cnn.com/2020/06/02/politics/…

The #PaycheckProtectionProgram is an essential lifeline for small businesses in Colorado during #COVID19, and I’m fighting to make it more flexible and better support small businesses and workers. Learn more about the Paycheck Protection Program from @SBAgov. ⬇️
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DrausAndAssociatesCPAs retweeted
This summer for the first time, taxpayers will be able to electronically file their Form 1040-X, “Amended U.S. Individual Income Tax Return.” trib.al/IqMR2Xr
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DrausAndAssociatesCPAs retweeted
House just passed PPP flexibility bill 417-1. Senate to take up over coming days. We will discuss at 3 pm on @AICPA Town Hall.
The House on Thursday overwhelmingly passed legislation that would relax restrictions on government-backed loans designed to avoid layoffs at small businesses during the pandemic politico.com/news/2020/05/28…
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DrausAndAssociatesCPAs retweeted
BREAKING: A date has been set. On June 3, Chicago will cautiously reopen in a way that protects the health & safety of our residents. chicago.gov/reopening
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DrausAndAssociatesCPAs retweeted
30 Apr 2020
Good @bloombergtax article on #PPPLoan forgiveness recommendations from @AICPA, with comments from @markkoziel bit.ly/2yWw6YN

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DrausAndAssociatesCPAs retweeted
As of 3:30 pm EDT today, @SBAgov has processed more than 100,000 #PaycheckProtectionProgram loans submitted by more than 4,000 lenders.
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DrausAndAssociatesCPAs retweeted
The rules surrounding the Payroll Protection Program (PPP) under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) are evolving. It is very clear that accountants will play a critical role in the loan application process: trib.al/QQ2kKE4
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DrausAndAssociatesCPAs retweeted
16 Apr 2020
#IRS has posted answers to frequently asked questions on the filing and payment tax relief provided in response to the ongoing #COVID19 emergency. These questions and answers will be updated periodically. See irs.gov/coronavirus
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For assistance and questions regarding your #CARESAct #StimulusChecks go to irs.gov/coronavirus/economic…

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DrausAndAssociatesCPAs retweeted
9 Apr 2020
The #IRS deadline is extended to July 15. All taxpayers -- individuals, corporations, other non-corporate filers and those who pay self-employment tax -- can also defer income tax payments. See irs.gov/coronavirus
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DrausAndAssociatesCPAs retweeted
5 Apr 2020
GET LOCAL HELP: These are challenging times for small businesses across the country but SBA's regional & district offices and resource partners are here to help with free counseling, training, and other resources. 🔎 Find business assistance near you. 👇
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DrausAndAssociatesCPAs retweeted
5 Apr 2020
The #CARESAct has established new programs to help small businesses impacted by #COVID19 including: 1️⃣ Paycheck Protection Program 2️⃣ Up to $10K Economic Injury Disaster Loan Advance 3️⃣ Bridge loans for businesses that have used SBA Express 4️⃣ SBA loan debt relief Learn more. ⤵️
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