Masri & Masri Tax Services

Our firm is currently reviewing all types of stimulus packages available from the small business administration and the availabilities from the internal revenue service. There are several, several incentives for you to keep your employees. This is going to sound weird however karma and taxes and business and employees are all working together. telling your employees to go on unemployment that just not may be the smartest thing to do. There are a bunch of best case scenarios i...f you utilize the proper program. There are so many different ways to go about it and look at what you're going to do as a model employer including but not limited to; making your employees happy by continuing to pay their salary and their health insurance costs, relieving the stress and anxiety which at the end of the day affects their whole family. Employers can get emergency loans. Employers can get loans based on different criteria and if you stick with the program that loan up to $2 million will be forgiven in other words you can call it a grant. Money the government's going to give you because you're taking care of your fellow Americans. It'll allow you to pay your rent the interest on your mortgage and a few other things and obviously your employees paycheck. Now your questioning this is too good to be true. You're right if you screw up the portion of the money you receive becomes a long-term loan at a 3.75% interest rate. As an employer and as a person you have single-handedly helped your fellow American. And the bonus they're your employee. Let me be clear Don't listen to your friends Don't just jump on the internet and pick something. This requires a lot of analysis and work to determine the better program to choose. You have to think of your long-term goals your short-term needs and other people. There's a lot being offered and we are the firm that has a handle on the small business administration programs and the programs of the internal revenue service. In addition we have relationships with lenders who are the banks that work with the small business administration therefore we can streamline your applications much faster than traditional means. Accountants, CPAs are the professionals that can provide you the analysis and forecasts and professional guidance when it comes to the internal revenue service and the small business administration both federal agencies that we deal with on a daily basis. I want to be absolutely clear please note have you jumped the gun and choose one program you will be ineligible for another most probably. So please seek professional advice before you make any moves. Our office is open as we're an essential business not only due to the crisis but in securing consumer data or otherwise known as protecting your sensitive information. Please call our office so we can help you through this process as quickly, efficiently, and cost effectively as possible. [email protected] or 516.TAX.CPA1 or [email protected] 516.466.6193

So the executive branch had the right idea for the first time regarding the stimulus payment of $1,200. You filed a tax return You're adjusted gross income was less than a certain amount boom you got money. But was surprising to me is there was no extra work for the taxpayer to do. They were going to utilize the banking information you used for your direct deposit from your 2018 or 19 return. Very surprising that the government is technology forward. And realized it's the mos...t cost-effective way of pulling this off. on a second note the internal revenue service wanted to make life difficult for senior citizens. Recipients of Social security usually don't have to file a tax return. That's a fact. So the internal revenue service wanted senior citizens to pay x amount of money to get a tax return done for no reason whatsoever other than to appease the internal revenue service. Knock knock IRS You're the first ones who know when a taxpayer is receiving Social security monies. You know exactly how much they have received and how much they owe you if any amount. The treasury also knows they're banking information. Not the smartest move Internal Revenue Service. But good news everyone the government realized the nonsense and put a stop to it. At least not everybody is in la la Land. As I explained earlier the Treasury Department knows your bank info, they know how much money you make, they know if you deserve the stimulus payment. See more

TAX IDENTITY THEFT - Be safe - Match your debit/refund amount between your bank account statement and your tax return.

TAXPAYERS' & IDENTITY THEFT - If you file a tax return, you must ask your preparer and even yourself; "HOW ARE YOU SAFEGUARDING MY INFORMATION"? All preparers must have security protocols in place to protect your information. Taxpayers providing information by "attaching to emails" is not secure, actually, it is the easiest way for your information to be compromised and stolen by a hacker. Ask your preparer for their new method of receiving your sensitive information.