Coronavirus Resources

COVID-19 Information

Calvetti Ferguson continues to monitor and assess new developments pertaining to the COVID-19 (Coronavirus). Keeping our clients and contacts up to date on the latest information and approach to help reduce risk is a priority. In terms of our own activities, we are assessing risks and mitigation regarding planning of all future meetings and events and will continue to monitor the situation by keeping abreast of new developments from the CDC & WHO. Please reach out to your CF contact with questions or contact us by clicking here.

 

The House Passes $2 Trillion Relief Bill

The House Passes $2 Trillion Relief Bill

Houston, TX (March 27, 2020) - As expected, the House passed a $2 trillion relief bill on Friday benefiting US taxpayers and businesses impacted by the COVID-19 virus. Next, the bill is expected to be immediately signed by President Trump. The bill unanimously passed...

IRS Unveils New People First Initiative

IRS Unveils New People First Initiative

Houston, TX (March 26, 2020) - The IRS, in news release IR-2020-59, announced the People First Initiative which will provide relief for taxpayers facing uncertainties related to taxes. The IRS will share specific information regarding the implementation of these...

COVID-19 Relief for Student Loan Borrowers

COVID-19 Relief for Student Loan Borrowers

Houston, TX (March 25, 2020) - As of March 20, the Department of Education has enacted 0% interest rates for federally-held student loans for at least the next 60 days. The new interest rate will remain in effect until the Department of Education issues an end date...

Texas Comptroller Offers Businesses Assistance

Texas Comptroller Offers Businesses Assistance

Houston, TX (March 24, 2020) - The Texas Comptroller’s office has issued guidance relating to deadlines on paying or remitting taxes and fees, as well as contesting audit results. And while some businesses were able to remit the state and local sales taxes collected...

Small Businesses Eligible for Working Capital Loans Up to $2M

Small Businesses Eligible for Working Capital Loans Up to $2M

Houston, TX (March 23, 2020) - The Small Business Administration (SBA) issued an Economic Injury Disaster Declaration on March 20, 2020, for all Texas Counties in response to COVID-19 for the provision of Economic Injury Disaster Loans (EIDL) to businesses and private...

Tax Credits for Businesses & Paid Leave for Workers

Tax Credits for Businesses & Paid Leave for Workers

Houston, TX (March 20, 2020) - The IRS published news release IR-2020-57 on March 20, 2020, which states that "small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them,...

Federal Tax Filing Deadline Extended to July 15th

Federal Tax Filing Deadline Extended to July 15th

Houston, TX (March 20, 2020) – Treasury Secretary Steven Mnuchin announced today that the IRS has extended the national income tax filing day to July 15th. The filing deadline now coincides with the federal tax payment deadline that was extended by the Treasury on...

Treasury Announces Tax Payment Relief

Treasury Announces Tax Payment Relief

Houston, TX (March 18, 2020) – Today, Treasury Secretary Steven Mnuchin announced that individuals can defer tax payments up to $1 million for 90 days and corporations can defer tax payments up to $10 million for the same period. Specific details on tax payment relief...

Coronavirus Update – SEC Provides Relief

Coronavirus Update – SEC Provides Relief

Houston, TX (March 26, 2020) – The Securities and Exchange Commission (SEC) announced that it is extending the filing periods covered by its previously enacted conditional reporting relief for certain public registrant filing obligations under the federal securities...

Coronavirus Update – Sick Leave Benefits

Coronavirus Update – Sick Leave Benefits

Houston, TX (March 17, 2020) – For several weeks, the media has been reporting on the Coronavirus (COVID-19) and high number of individuals affected by the disease. Initially, reports centered on the high number of cases and deaths in Wuhan, China, and the measures...

Here are some other resources you might want to check out:

AICPA Coronavirus Resources

IRS Coronavirus Tax Relief

PrimeGlobal Coronavirus Resources

U.S. Small Business Administration (Guidance and Loan Resources)

SEC Coronavirus Response