COvID-19 Updates
Please check back frequently for more updates as they become available.
We are now keeping our in-person contact with clients to a minimum. We will continue to work and be available for our clients by phone and email, but request that documents be dropped off, mailed or sent to us electronically whenever possible.
Drop off: We have a drop off box and doorbell at the front door. If you are picking up a return, please call ahead. Please sign your documents at home or in your car and return to the drop box. We have a drop slot in the door for after-hours document drops.
Mail: Please mail to 30 Wilson Rd. Humble, TX 77738. We will also be checking the PO Box periodically.
Electronically: We use Sharefile as a secure file sharing site, which is located at https://mkpp.sharefile.com and additionally on our website www.mkpprice.com. Please contact your preparer to set up a log in.
We are now keeping our in-person contact with clients to a minimum. We will continue to work and be available for our clients by phone and email, but request that documents be dropped off, mailed or sent to us electronically whenever possible.
Drop off: We have a drop off box and doorbell at the front door. If you are picking up a return, please call ahead. Please sign your documents at home or in your car and return to the drop box. We have a drop slot in the door for after-hours document drops.
Mail: Please mail to 30 Wilson Rd. Humble, TX 77738. We will also be checking the PO Box periodically.
Electronically: We use Sharefile as a secure file sharing site, which is located at https://mkpp.sharefile.com and additionally on our website www.mkpprice.com. Please contact your preparer to set up a log in.
IRS CoRonaVIrus TAX RELIEFIRS Coronavirus - Link to Tax Relief Updates
Current updates as of 3/30/2020:
Stimulus Paychecks:
Paycheck Protection programWith the passing of the CARES Act on March 27, 2020 a new loan called the Paycheck Protection Program has been created.
The Paycheck Protection Program provides loans up to an amount which is equal to 2.5 times the businesses average monthly payroll: -The calculation is based on the prior 12 months payroll. -Only employees and owners making less than 100,000 in annual compensation can be used in this calculation. Other loan highlights are: -Loans will be 100% guaranteed by the SBA -No personal guaranty -No collateral -10 - year term -4% interest rate -Loan receives automatic 6 months no payments. Interest is deferred. This loan includes loan forgiveness for proceeds used for the following: - Payroll - Payroll Administration Costs - Any payment of interest on a mortgage obligation - Any payment of interest on a loan incurred before 2/15/2020 - Any Payment of rent obligation - Any covered utility payment that was in service before 2/15/2020 Verified expenses are subject to a discount of: - Reduction of the Full Time Employee headcount between previous 12 months and 8 week period of forgiveness AND - Reduction in total payroll per full time employees from previous 12 month levels. Please contact your local bank to apply for the loan as funding for the loan is limited. More information: 023595_comm_corona_virus_smallbiz_loan_final_revised.pdf paycheck_protection_program.pdf 1919_section_i.pdf 1919_section_ii.pd sba_application.pdf certificate_of_beneficial_owners.pdf |
CISA - Critical infrastructure workforcehttps://www.cisa.gov/publication/guidance-essential-critical-infrastructure-workforce
This link provides more information on the industries identified by the federal government as critical, however, state and local officials are to use their own judgment in using their authorities and issuing implementation directives and guidance. The PDF below is a letter from CISA offering some guidance on the essential critical infrastructure workers. 
ADVANCED Repayment of Employer creditsEmployers may file new Form 7200, Advance Payment of Employer Credits Due to COVID-19, to obtain advances of employment taxes that are refundable as a result of the new tax credits: the employee retention credit, the qualified sick leave credit, and the qualified family leave wages credit.
Form 7200: www.irs.gov/pub/irs-pdf/f7200.pdf SBA loan informationSBA Disaster Assistance Loans
Disaster Business Loan Application business_loan_application__sba_form_5_.pdf Economic Injury Disaster Loan Supporting Information economic_injury_disaster_loan_supporting_information__p-019_.pdf All forms and further details are available on the SBA Disaster Loan website: www.sba.gov/disaster. More information: https://gov.texas.gov/business/page/coronavirus TEXAS Workforce commissionhttps://twc.texas.gov/news/covid-19-resources-employers.
Shared work information: https://twc.texas.gov/businesses/shared-work Texas governor's office updatesHarris County updateshttps://publichealth.harriscountytx.gov/Resources/2019-Novel-Coronavirus
http://www.harriscountytx.gov/County-Services-Closures employer-based Health insurance | ||
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