The Coronavirus Aid, Relief, and Economic Security Act,
“The CARES Act” provides tax relief to individuals and businesses
After days of furious negotiations, Congress has passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The $2.2 trillion price tag for tax relief and incentives for individuals and businesses makes it the most expensive piece of legislation ever passed. It includes the greatly anticipated provision for recovery rebate credits to individuals. Here are some of the major aspects of The CARES Act.
You may have many questions about how this will affect you and your taxes.
If you have any questions, please give us a call.
We are here to help.
Anderson, Spector and Co PC
March 17, 2020
We now know that COVID‐19 has been reported in Denton as well as much of the adjacent Metroplex. We have decided to take some common‐sense steps to minimize the risk of infection by changing our procedures a bit. Our primary goal is to continue to provide timely services in the midst of this crisis. We are lucky that much of our work is prepared and stored
digitally, so these changes will be easy to implement. At this point, “social distancing” is our community’s front line of defense against the spread of this virus.
To that end, we are asking you to mail or drop off your data in lieu of a face to face meeting. You can also upload your data with our secure website link, just call for instructions. We will proceed with your project and call or email with questions. Once complete, we will deliver your
project either by mail or secure email, or you can pick them up at our office. In some circumstances, meeting in person will be necessary. We will make every effort to be certain those meetings are safe and convenient.
Anderson, Spector and Co., PC will remain open during this crisis until and if a quarantine event occurs. We are preparing to work from our homes remotely in the event of an office closure.
Our commitment to you is to deliver timely professional services to the best of our abilities. We will update you if circumstances change.
We want to thank you for your patience as we all work through this public health crisis together. If you need anything at all, please do not hesitate to reach out to one of us directly. This is our contact information.
Roy P. Anderson, CPA
David M. Spector, CPA
and the entire staff of Anderson Spector & Co., PC