In response to growing concerns regarding COVID-19, and to follow federal guidelines, we have decided to make changes in how we are operating for the next few weeks.  We believe this is the best way to protect our clients, staff, and community.

Effective Monday, May 4, 2020, we are asking clients to use the electronic transfer (File Share and CitrixFiles/ShareFile) and the US Postal Service to deliver documents to us. If you must come to the office to deliver documents, we will ONLY be dealing with clients in the reception area and ONLY with one client at the time.  Any questions or discussions will be handled by phone with your tax advisor. There will be no meetings held in our office at this time.

When possible, we will be using the mail system or electronic transfer to deliver completed tax returns to you. If you do come to the office to pick up your documents, you will take the package with you. We ask that you return signed E-file forms to us electronically or by mail.

We will be monitoring this situation and will be posting any necessary updates to our policies on our website.  We thank you for your understanding and cooperation during these times.


Status of Income Tax Deductions Associated With PPP Loan Proceeds

On April 30th, the Internal Revenue Service issued Notice 2020-32 indicating that expenses funded with forgiven Payroll Protection Program loans will not yield income tax deductions for the payor.

Several members of Congress have indicated that the IRS’s decision is contrary to Congressional intent and that Congress will act to reverse the IRS’s position through additional legislation.

Hopefully, final guidance will be available soon.

Proactive + Responsive + Professional

Welcome and thank you for visiting our Website. In addition to providing you with a profile of our firm and the services we provide, this Website has been designed to become a helpful resource tool to you, our valued clients and visitors. Our dedication to superior client service has brought us to the Internet as we endeavor to continue to provide the highest quality professional service and guidance.

As you browse through our Website, you will see that not only have we highlighted background information on our firm and the services we provide, but have also included useful resources such as informative articles (in our Newsletter section) and interactive financial calculators (in our Financial Tools section). In addition, we have taken the time to gather many links to external Websites that we felt would be of interest to our clients and visitors (in our Internet Links section).

While browsing through our Website, please feel free to contact us with any questions or comments you may have – we’d love to hear from you. We pride ourselves on being proactive and responsive to our clients’ inquiries and suggestions.

Bern Butler Capilouto & Massey, P.C. E-newsletter (Sign-up)

If you have any questions about our firm or the services we offer, please call (334)244-4100.