Gray, Gray & Gray's Response to Coronavirus & Important Resources
As Coronavirus continues to impact our daily lives, including the way in which we conduct business, here you will find updates on Gray, Gray & Gray’s response to the outbreak as well as important resources. At Gray, Gray & Gray, we remain committed to helping our clients and friends successfully manage their businesses and individual finances during this challenging time.
Our Response to the Coronavirus
The unprecedented spread of the novel Covid-19 “Coronavirus” continues to impact our daily lives, including the way in which we conduct business. Gray, Gray & Gray leadership is closely monitoring the information shared by the Centers for Disease Control and Prevention (CDC) and State officials about the virus, and is exercising necessary precautions. The health and safety of our employees and clients is our number one priority.
For clients who need to provide us with documents necessary for preparation of their tax returns, we request that you consider sending all necessary tax information through secure electronic means when possible. Please refer to the “Tax Update” section below for more details on our secure electronic processes.
Our staff remain fully accessible via email and phone to continue serving you.
Gray, Gray & Gray Office Visitor Expectations
Client meetings at our office are welcomed.
Regardless of vaccination status, visitors are required to follow our safety protocols, including:
- Wear a mask
- Check in with our Virtual Receptionist
- Visitors must confirm that they have not been exposed to and are not having symptoms of COVID-19
- Maintain social distancing of at least six feet
Proof of vaccination is not required.
Client Location Visit Expectations
Gray, Gray & Gray team members may visit clients’ locations based on the needs/desires of the client and safety of all involved. Safety protocols must be mutually agreed upon prior to Gray, Gray & Gray team members going on-site. Gray, Gray & Gray team members should follow the client’s office policies for the duration of the visit.
Tax Update
Any tax clients who have not yet submitted their tax source information to Gray, Gray & Gray are encouraged to take advantage of our secure electronic processes:
INDIVIDUAL 1040 Tax Clients: SafeSend Organizers – A New and Efficient Way to Obtain and Deliver Your Tax Information
For the upcoming tax season, we are pleased to announce that we will use SafeSend Organizers for electronic tax organizer services. Use of a SafeSend Organizer will allow you to remain all electronic, from completing the organizer all the way to receiving your tax return electronically. While you are completing your organizer, you can also upload your tax documents and transmit all information electronically to your Gray, Gray & Gray accountant. SafeSend is a user-friendly and efficient, one-stop shop for your electronic tax needs!
If you’re a Gray, Gray & Gray individual tax client, at the beginning of February 2022, you will receive an email from SafeSend (noreply@safesendreturns.com) with a link to access and set up your SafeSend Organizer. The subject line will be: “Please Review and Complete your <TAXYEAR> Tax Organizer”.
We recommend that you “whitelist” this email address to help mitigate the potential of emails landing in your “Junk Email” folder.
Click here for more details about SafeSend Organizers, view a SafeSend Organizers Frequently Asked Questions (FAQ) document here or contact Cathy Dwan at cdwan@gggllp.com with any questions.
PLUS – tax return delivery is also performed electronically. Our team utilizes SafeSend Returns and/or the Client Portal for secure electronic delivery of tax returns.
Resources
Gray, Gray & Gray is providing ongoing information and support to help our clients and friends successfully manage their businesses and individual finances during the evolving coronavirus crisis. From informative webinars and articles, to links to helpful resources, we are committed to assisting and supporting you.
Eblast Archive
- 03/31/22: Massachusetts Launches New Hiring Incentive Program
- 02/28/22: $75 Million in Mass. Small Business Grants Available
- 02/18/22: Startups Could Be Eligible for Employee Retention Credit
- 02/15/22: IRS Tax Return Backlog Nears 24 Million
- 02/11/22: Rhode Island to Tax Forgiven PPP Loans
- 02/04/22: Employee Retention Credit & Massachusetts Tax Implications
- 01/25/22 Why You Should Keep IRS Letter 6419
- 01/12/22 IRS Backlog May Delay Returns
- 08/04/21 Could Employee Retention Credit End Early?
- 06/29/21 PPP Forgiveness Window Opens August 4th
- 06/29/21 SBA May Drop Necessity Questionnaire for PPP Forgiveness
- 06/23/21 IRS May Claw Back Advance Child Tax Credit
- 05/27/21 What the IRS Traffic Jam Means for You
- 05/07/21 Successfully Navigating the Employee Retention Tax Credit
- 05/04/21 PPP Runs Out of Money
- 04/29/21 Restaurant Revitalization Fund Registration Opens Friday
- 04/02/21 Forgiven PPP Loans, Some Unemployment Income Not Taxable in Massachusetts
- 04/01/21 IRS Will Issue Automatic Refunds to Early Filers with Unemployment Exclusion
- 03/30/21 Mass to Require Advance Sales & Use Tax Payments for Some Businesses
- 03/25/21 Senate Passes PPP Application Extension Bill
- 03/25/21 SBA Raises Covid-19 EIDL Loan Cap to $500,000
- 03/18/21 Massachusetts to Extend State Tax Individual Filing Deadline
- 03/17/21 2020 Federal Individual Income Tax Filing Deadline Extended to May 17
- 03/16/21 IRS: Wait to Refile for Unemployment Exclusion
- 03/16/21 EIDL Payment Deferral Extended Until 2022
- 03/11/21 Legislation in Process to Eliminate Small Business Tax on PPP Loans
- 03/10/21 House Passes Pandemic Relief Bill
- 03/09/21 New Webinar Announced! Everything You Need to Know About Employee Retention Tax Credits
- 03/08/21 PPP Update
- 03/04/21 Balancing a PPP Loan and Employee Retention Tax Credits
- 02/26/21 IRS Apologizes for Erroneous Tax Delinquency Notices
- 02/26/21 Forgiven PPP Loans May Be Taxed in Massachusetts
- 02/22/21 PPP to Offer Two Week Window for Smaller Businesses
- 02/11/21 PPP Application Process Speeds Up
- 02/08/21 Can I Appeal a PPP Loan Forgiveness Decision?
- 01/27/21 SBA Works to Speed PPP Review Process
- 01/22/21 CORRECTION Important Updates on 1st & 2nd Round PPP Loans, Forgiveness Guidance, & More
- 01/22/21 Important Updates on 1st & 2nd Round PPP Loans, Forgiveness Guidance, & More
- 01/19/21 IRS to Start Accepting Returns on February 12
- 01/15/21 SBA Issues Guidance on Reapplication and Increases in PPP Loans
- 01/13/21 New Webinar Announced! PPP Round Two: More Relief is on the Way
- 01/12/21 What You Need to Know about the Second PPP Program
- 01/06/21 Employee Retention Credit Extended, Now Available to PPP Borrowers
- 12/29/20 Highlights of the New Stimulus Bill for Business
- 11/19/20 Rules on Deducting Expenses Under PPP Clarified
- 11/09/20 SBA Will Issue Additional Forms for Larger PPP Loans
- 10/25/20 Massachusetts Offers Further Pandemic Funding for Small Businesses
- 10/09/20 Revisions to PPP Loan Forgiveness and Loan Review Procedures
- 10/08/20 PPP Payment Deferral Extension Applied to All Borrowers
- 10/06/20 PPP Loan Status When You Sell Your Business
- 09/21/20 Sales & Use Tax Filing Deadline Extended
- 08/26/20 New PPP Forgiveness Guidance Issued by SBA
- 08/13/20 Massachusetts Tax Revenues Fall Short, But Trend Higher
- 08/12/20 Additional FAQs About PPP Loan Forgiveness
- 08/05/20 New FAQs Published on PPP Loan Forgiveness
- 07/13/20 EIDL Advance Program Ends
- 07/02/20 PPP Extension Passed in House; Automatic Forgiveness Measure Introduced
- 07/01/20 PPP May Be Extended by 5 Weeks
- 06/19/20 Mass. Sales and Use Tax Deadlines Extended Again
- 06/18/20 Simplified PPP Forgiveness Applications Released
- 06/17/20 “Double Hit” Quarterly Tax Payments Coming on July 15
- 06/09/20 Further Clarification on PPP Flexibility Act
- 06/09/20 Extended Deadlines for New Revenue Recognition and Lease Accounting Standards
- 06/08/20 PPP Flexibility Act Now Law
- 06/04/20 PPP Flexibility Act Passed
- 06/01/20 House Passes Bill Easing PPP Forgiveness
- 06/01/20 Resources for Bringing Employees Back to Work Properly
- 05/29/20 PPP Forgiveness Rules May Be Loosened
- 05/20/20 New Revenue Recognition Standards for Private Companies Delayed
- 05/18/20 PPP Loan Forgiveness Application Available
- 04/20/20 Details on Moratorium on Evictions and Foreclosures
- 04/13/20 Beware Bank Scams Alert
- 05/14/20 SBA Extends Safe-Harbor Period to 5/18 for Returning PPP Funds
- 05/13/20 Guidance Issued for PPP Loan Certification
- 05/7/20 SBA Extends Safe-Harbor Period for Returning PPP Funds
- 05/6/20 Will PPP Loan Be Forgiven If Employees Won’t Work?
- 05/1/20 PPP Loans Will Not Be Tax Deductible
- 04/30/20 PPP Loans Over $2 Million Will Be Audited
- 04/29/20 Smaller Lenders Get 8-Hour PPP Window
- 04/27/20 FICA Payments on Paycheck Protection Program Loans Can Be Deferred
- 04/24/20 Congress Approves Additional Funding for Paycheck Protection Program
- 04/22/20 Additional Funding for Paycheck Protection Program
- 04/23/20 Being Smart About PPP Loan Proceeds
- 04/23/20 How a Layoff or Furlough Might Impact Your Employee Benefit Plan
- 04/16/20 PayCheck Protection Program Rules Clarified
- 04/8/20 Further Clarification on Paycheck Protection Program and Tax Relief
- 04/3/20 SBA Releases Guidance on Paycheck Protection Program
- 03/17/20 Cybersecurity and the Coronavirus
- 04/2/20 Cybersecurity Threats Rise During Covid-19 Outbreak
Additional Resources
- Ebook: What You Need to Know About the CARES Act
- Latest IRS News Releases
- Mass Gov Information on the Outbreak of COVID-19
- Details on Moratorium on Evictions and Foreclosures
- Accounting for PPP Loan Forgiveness
- Being Smart About PPP Loan Proceeds
- How a Layoff or Furlough Might Impact Your Employee Benefit Plan
- PayCheck Protection Program Rules Clarified
- Further Clarification on Paycheck Protection Program and Tax Relief
- Resources to Help Mitigate Coronavirus Losses in Massachusetts
- Senate Passes Updated Economic Relief Plan (CARES Act) for Individuals and Businesses
- Coronavirus Tax Relief CARES Act CPAmerica Special Report
- Employee Retention Credit available for many businesses financially impacted by COVID-19
- Treasury, IRS and Labor announce plan to implement Coronavirus-related paid leave for workers and tax credits for small and midsize businesses to swiftly recover the cost of providing Coronavirus-related leave
- Cybersecurity and the Coronavirus
- Cybersecurity Threats Rise During Covid-19 Outbreak
- White House Guidelines for Opening Up America
Check back for upcoming webinars!
Webinar Series: Managing Your Business Through the Covid-19 Crisis
Links to recordings and presentation slides:
- 12/2/2020 The Changing World of Work
- 6/25/20 The New Approach to Transactional & Succession Planning for Energy Companies
- 6/15/20 Reprieve! Making the Most of the PPP Flexibility Act
- 6/11/20 Helping Energy Companies Plan for What Comes Next
- 6/9/20 Getting Back to Business as (Not) Usual
- 5/26/20 Getting Your PPP Loan Forgiveness Application Right
- 5/13/20 Panel Discussion on Adapting to the New Normal
- 5/6/20 Demystifying Key Issues of the Paycheck Protection Program
- 4/23/20 How to Maximize Debt Forgiveness
- 4/21/20 Get Ready for the New Normal
- 3/31/20 Unwrapping the CARES Act Federal Relief Package
- 3/27/20 Managing Investments in Turbulent Times
- 3/25/20 Tax Relief, HR Issues & Cybersecurity Concerns
- 3/23/20 Steps to Take Right Now to Sustain Your Business