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Cameron Hess

August 6, 2020 – Law and Procedures Update for Paycheck Protection Program (“PPP”) Loans and Loan Forgiveness and Advising Struggling Businesses

July 22, 2020

Date: August 6, 2020 1:00 PM – 2:00 PM Location: Webcast Facility: Webcast Remote Level of Difficulty: Overview Field of Interest: Specialized Knowledge Prerequisites: None Designed For: CPAs, Financial Planners, Attorneys, Bankers Event Information Speaker: Cameron L. Hess Your client’s PPP loan is has just become more complicated. There have been multiple changes. Not just […]

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Announcements – Cameron Hess, CalCPA & the Paycheck Protection Program

July 2, 2020

Cameron L. Hess, Esq. recently spoke at two CalCPA webinars covering the PPP Program, including the Sacramento Chapter Discussion Roundtable – PPP Loan Documentation and NOL The New Regime, and subsequently before 220 members in a more in-depth coverage for PPP Loan Documentation, a CalCPA Education Foundation course. As a highlight, Mr. Hess identified that […]

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California Revises Form 593 – Real Estate Withholding Statement

July 2, 2020

For California real estate sales not otherwise exempt, there is a mandatory 3 1/3% withholding requirement from the seller’s gross sales price. Usually this is handled through escrow and in an installment sale; the amount may be paid in installments. California also allows self-reporting to compute withholding using the actual estimated gain, assuming that the […]

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Helpful COVID-19 Related Links – Taxes & Loans

July 2, 2020

CDTFA Sales Tax application to delay payments 60 days:  https://www.cdtfa.ca.gov/services/covid19.htm EDD application to delay payments of state payroll taxes information:  https://www.edd.ca.gov/payroll_taxes/emergency_and_disaster_assistance_for_employers.htm#RequestsForExtensiontoReportandPay City of Sacramento, zero interest business continuation loans up to 25k, ($1M cap):  https://cityofsac.forms.fm/covid19-relief/forms/7750 City of Roseville – Interest free loans up to 20k:  http://roseville.ca.us/cms/one.aspx?pageId=16550955 (application period begins 3/26 at Noon)

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PROPERTY TAX REDUCTIONS & COVID-19 FOR 2020

July 2, 2020

Property Tax Reductions Does COVID-19 provide an opportunity for a California property tax reduction? Possibly and sometimes, but it involves some careful planning.While COVID-19 can certainly affect property values, because California uses a January 1, 2020 lien date to set most assessed values – and that’s what determines the property tax bill, unfortunately, the Assessor’s […]

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IRS Provides Broad Extension to July 15, 2020

April 16, 2020

The IRS has issued Notice 2020-23 which effectively extends about 300 deadlines in connection with taxpayer filings, elections, payments and administrative actions as well as governmental actions. In a nutshell, multiple actions have been extended to July 15, 2020 involving a broad range of activities. These extensions address both taxpayer concerns and reduced IRS workforces […]

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