The staff at Gollob Morgan Peddy is keeping informed on the daily changes in rules, regulations, and interpretations of new laws in regards to the COVID -19 response.  We will continue to update this page with the very latest.  As your trusted advisor, GMP wants to walk alongside you as we carefully move forward in an uncertain time.  Please call your GMP adviser with any questions you may have about the CARES Act or any issue.  If you do not have a GMP advisor click here so we can reach out and arrange an appointment. 

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6/29/2020

IRS announces the 7/15 filing deadline will not be extended.  Click here to get more information.

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4/30/2020
Businesses will begin to open tomorrow (May 1st) across Texas.   Here is Governor Greg Abbott's detailed plan to "Open Texas."  Click here to see the full report.

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4/27/2020
The Internal Revenue Service announces significant enhancements to the “Get My Payment” tool to deliver an improved and smoother experience for Americans eligible to receive Economic Impact Payments.  Click here for more.

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4/26/2020
The SBA will resume accepting Paycheck Protection Program loan applications from lenders tomorrow, Monday, April 27th, at 9:30am CST.  Friday, President Trump signed into law a $484 billion measure that provides additional money for a coronavirus aid program for small businesses.  The additional funds provide about $320 billion for the PPP.  Here are updated details on the PPP from the Small Business Administration. Click here for more.

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4/15/2020

Instead of meeting an April 15th tax deadline, millions of Americans will be getting Economic Stimulus Payments deposited into their accounts today. The IRS extended the April 15th deadline to July 15th to assist Americans with the impact of the Coronavirus. Today the Treasury and IRS unveiled an online application for taxpayers to check on their payment and update direct deposit information. It's called Get My Payment.  Click here for more.

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4/15/2020

The Social Security Administration announced today that Supplemental Security Income (SSI) recipients will automatically receive their Economic Impact Payments directly to their bank accounts throughdirect deposit, Direct Express debit card, or by paper check, just as they would normally receive their SSI benefits. Treasury anticipates SSI recipients will receive these automatic payments no later than early May.  Click here for more.

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4/10/2020

IRS extends more tax deadlines to cover individuals, trusts, estates, corporations and others.  Click here to learn more.

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4/10/2020

The IRS has launched a new tool to help people who normally don't file a tax return get their economic impact payment.  Click here for more.

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4/9/2020

The Internal Revenue Service reminds taxpayers and tax professionals to use electronic options to support social distancing and speed the processing of tax returns, refunds and payments.  Click here for more.





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4/3/2020
The IRS has issued warnings concerning Coronavirus-related scams.  Many of these schemes are tied to the economic impact payments.  Click here for more. 

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4/2/2020
The Coronavirus Aid, Relief, and Economic Security (CARES) Act created a new employee retention tax credit for employers who are closed, partially closed, or experiencing significant revenue losses as a result of COVID-19.  Click here for more.

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4/1/2020

The CARES Act has several provisions aimed at assisting small business during the COVID 19 outbreak.  One provision is the Paycheck Protection Programs (PPP) Loans.  The U.S. Chamber of Commerce has released an updated checklist for businesses who might benefit from this program. 
Click here for more. 

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3/30/2020
On Friday, March 27th the CARES Act was signed into law.  Click here for details on an overview of six key provisions for both individuals and businesses.

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3/21/2020
The deadline to file your taxes has been extended.  Click here to read more.

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3/19/2020
The deadline to pay your taxes has been extended.  Click here to read more.   

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3/13/2020

GMP Managing Partner Shane Rohrbach addresses updated procedures in regards to COVID - 19.  Click here to read.

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