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FREE live webcast 4/22/2020:

Cares Act Relief Program Updates

Replay Recording Below

Important updates on the CARES Act relief programs. Find out if you need to do anything to receive your stimulus relief payment, if and how to apply for Pandemic Unemployment Assistance as a business owner, and what to do now that the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) funds have run out.

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Herber Palacios
Admin
Herber Palacios
5 months ago

-Tool for non-filers to register for the stimulus payment: https://www.irs.gov/coronavirus/non-filers-enter-payment-info-here
-Tool to track status of stimulus payments and/or set-up direct deposit: https://www.irs.gov/coronavirus/get-my-payment
-Unemployment Assistance info: https://www.edd.ca.gov/about_edd/coronavirus-2019/pandemic-unemployment-assistance.htm

Traci Sutton
Traci Sutton
5 months ago

I am curious to learn more.

Stephan
Stephan
5 months ago

Hi
Am i on ?
Stephan

Herber Palacios
Admin
Herber Palacios
5 months ago
Reply to  Stephan

Hi Stephan,

Yes, we see your comment.

Abby W
Abby W
5 months ago

For self employed, UI applications open 4/28 ( I think). Does the $600 stop on July 31st for us too even though we are missing out on weeks worth of those $600 payments because we were specifically instructed to wait?

Alexandra Rethore
Alexandra Rethore
5 months ago

Hi Alan. Do you pay taxes on unemployment benefits?

Herber Palacios
Admin
Herber Palacios
5 months ago

Hi Alexandra, Unemployment benefits are taxable at the federal level but not taxed by California.

Herber Palacios
Admin
Herber Palacios
5 months ago

-Tool for non-filers to register for the stimulus payment: https://www.irs.gov/coronavirus/non-filers-enter-payment-info-here
-Tool to track status of stimulus payments and/or set-up direct deposit: https://www.irs.gov/coronavirus/get-my-payment
-Unemployment Assistance info: https://www.edd.ca.gov/about_edd/coronavirus-2019/pandemic-unemployment-assistance.htm

Daniel Sagal
Daniel Sagal
5 months ago

I’m not clear on forgiveness of PPP. I have laid off my employees as of 3/22. I hope to collect funds in the next round of funding for PPP. I understand they calculate forgiveness for only the 8 week period after the PPP loan funds. Does that mean that if I fund 5/1 but don’t reinstate my employees until 6/1, that I will only be forgiven for wages 6/1-6/30? The reason I’m confused is because it says you’ll be forgiven as long as you reinstate your payroll to previous levels by 6/30.

Daniel
Daniel
5 months ago
Reply to  Daniel Sagal

Thank you! Would love to follow up in more detail when you’re available.

kaivan harouni
kaivan harouni
5 months ago

Hi Alan, how are you getting haircuts under quarantine? More importantly, is there any point in hassling Chase for my PPP check or is that futile?

kaivan harouni
kaivan harouni
5 months ago

Hi Alan, how are you getting haircuts under quarantine? More importantly, is it futile to hassle Chase for my PPP check or might it help get my application through?

Ely Gold
Ely Gold
5 months ago

If we have not received the funds yet, should we try another bank?

Farid Nourjahan
Farid Nourjahan
5 months ago

Thanks for doing this live broadcast, Alan. Hope you and family stay healthy and safe. Questions: (1) If federal tax returns for 2018 (and 2019) have not been filed yet, does that disqualify? (2) Also, if 2019 federal tax filing due date is postponed to July this year, does that include State tax filing? Thanks. –Farid

Farid Nourjahan
Farid Nourjahan
5 months ago

Thank you for live answers! I will reach out to your office by email. Be well.

Carl Nersesian
5 months ago

I filled out my PPP through paypal and received paperwork to sign with a loan amount and a request for my routing number. However, while applying I sent a quarterly payroll and Paypal took that gross payroll form the quarterly and divided by 12 months instead of 3 months, causing a significant reduction in the loan amount I should have received due their calculation error. I signed the docusign anyway, then realized they calculated my yearly payroll incorrectly. Can I get them to correct the payroll amount at this time and re do the loan amount?

CARES Act Updates: Where is My Stimulus Payment, Applying for Unemployment as a Business Owner, Are PPP & EIDL Done?

CARES Act Updates: Where is My Stimulus Payment, Applying for Unemployment as a Business Owner, Are PPP & EIDL Done?

When: Wednesday, April 22, 2020 at 12pm PT | 2pm CT | 3pm ET

Where: Live Streaming Webcast: https://mehdiani.com/cares-act-updates

Presenter: Alan Mehdiani, CPA from Mehdiani Financial Management

Join us on Wednesday, April 22 at 12pm PT / 2pm CT / 3pm ET as Alan Mehdiani provides important updates on the CARES Act programs. Find out if you need to do anything to receive your stimulus relief payment, if and how to apply for Pandemic Unemployment Assistance as a business owner, and what to do now that the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) funds have run out. There will be an opportunity to ask questions following the presentation.

Topics covered:

Stimulus Relief Payments to Individuals

  • Who qualifies
  • Do I need to do anything to receive it
  • How to track my payment

Unemployment for Business Owners

  • Who qualifies
  • How much will I get
  • How to apply for it

PPP & EIDL Ran Out of Money

  • What does this mean
  • What if I already submitted an application
  • What do I do now

Q&A Session

Schedule a Consultation

We are happy to answer additional questions. Mehdiani Financial Management is built on three core principles:

  • Excellent customer service – Should you have a question or concern, our pledge is to address them clearly and patiently.
  • We are dedicated to saving you money and providing you with the information you need to succeed.
  • Keep more of your hard-earned dollars via tax planning, top-notch bookkeeping systems, and full-service assistance with all of your tax, compliance and organizational challenges.

Locations

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9025 Wilshire Blvd, Suite 301
Beverly Hills, CA 90211

Encino Office:
16030 Ventura Blvd, Suite 490
Encino, CA 91436

Phone: (310) 800-1472
eFax: (310) 496-2565