This weekend I had the chance to catch up and interview (via video chat of course!) my friend and colleague Atlanta tax attorney Alyssa Maloof Whatley about the recent tax law updates that have been implemented due to the recent COVID-19 crisis. If you are a small business owner or individual that has questions about filing deadlines, how to handle payroll taxes, unemployments claims, and tips on how to proceed during this crisis, Alyssa has some great tips.
Many of my current bankruptcy clients have been reaching out about the recent tax updates as well as questions about the best source of information in regards to unemployment claims, reduction of hours issues, and temporary closure of their small businesss. While it seems like the news changes every day as to when we should expect to get back to a normal life, I am counseling my clients to have a 30, 60, and 90 day plan.
Since tax law and regulations can change constantly, make sure to check out this link for updates: https://content.govdelivery.com/accounts/USIRS/bulletins/28264e0?reqfrom=share
Small Business Administration: https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources
Georgia Department of Labor: https://dol.georgia.gov/blog/new-information-filing-unemployment-partial-claims-and-reemployment-services