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Natural Disaster News

Please see Circular 230 Disclosure at bottom of page

Over the last two weeks our world has changed more than any of us would have ever expected. From tornadoes to a worldwide pandemic, these are challenging times for many. We have been monitoring these events and now have several meaningful matters to update you on. Please take a moment to explore our views on the news below, as everyone is affected by at least one of these important topics.

Important Tax Updates & News

  • Blankenship CPA Group, PLLC is still operating at full capacity. However, access to our offices is restricted to only a limited number of employees. We are meeting with clients virtually for the time being. If you want to meet, ask your CPA for a link! Please click here to learn about our office access policy and what we are doing to stay in touch while virtually serving as your expert guide.

  • The Families First Coronavirus Response Act was signed into law on 3/18/20. This is a significant law with immediate impact on most employers. It provides for mandatory paid leave in a variety of circumstances, intended to be offset by payroll tax credits. Please click here to learn more about the sweeping application of the bill and do not hesitate to call if you need help assessing the impact of this Act on your business and planning accordingly.
  • Congress has passed and the President has signed the Coronavirus Aid, Relief, and Economic Security Act (The CARES Act).  The CARES Act represents the largest stimulus bill ever passed by congress.  Provisions include the much anticipated PPP Loan, checks for many individuals, business relief provisions and liberalization of unemployment benefits, among other items.  Please click here to view a recording of an internal PPP Loan training we conducted we believe you will find helpful, and please click here to review the full summary of the CARES Act prepared by the Blankenship Consulting team.
  • The tornado that swept through Nashville, Mt. Juliet and along the interstate 40 corridor left terrible devastation in its wake. Our prayers continue to be with the victims of this costly storm. If you or someone you know was effected by the tornado please click here to learn about what provisions are available should you have suffered a casualty loss.
  • As we all increase working remotely, we wanted to give you an update here on Blankenship IT Solutions, LLC (BITS) and the amazing work they are doing for both our firm and our clients during these extraordinary times. Also included are some best practices for securing your home network.
At Blankenship CPA Group we are committed to our core values of Stewardship, Expert Guidance, Client Vision and Real Relationships. As such, are honored to be trusted with providing insight and direction, and sharing life with you in both times of blessings and times of trials. Our team is fully engaged and accessible as always, and if you are facing financial uncertainty and need some direction, please do not hesitate to reach out to your CPA.
May God continue to bless you and keep you, give you peace, and keep fear far from your doorstep.

Kindest Regards,

Your Team at Blankenship CPA Group 

Zoom Client Events

Relief Bill 2.0

Open For Business - Office Access

Deadline Changes

Relief Bill

Tornado Matters

BITS Security

CARES Act

PPP Loan

PPP Loan Forgiveness

Payroll Tax Deferral

CIRCULAR 230 DISCLOSURE: DO NOT TAKE ACTION WITHOUT DISCUSSING YOUR SITUATION WITH YOUR CPA. 

The information contained herein is general in nature and based on authorities that are subject to change. Blankenship CPA Group, PLLC guarantees neither the accuracy nor completeness of any information and is not responsible for any errors or omissions, or for results obtained by others as a result of reliance upon such information. Blankenship CPA Group, PLLC assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect information contained herein. This publication does not, and is not intended to, provide legal, tax or accounting advice, and readers should consult their tax advisors concerning the application of tax laws to their particular situations. Circular 230 Disclosure: This analysis is not tax advice and is not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer.

FOR EMPLOYMENT AND BENEFITS RELATED ACTIONS PLEASE ALSO DO NOT TAKE ACTION WITHOUT DISCUSSING WITH YOUR HR ATTORNEY

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