Covid-19 Update

UPDATED April 1st, 2020

The health and safety of our people, their families, our clients and our communities are of critical importance to us.  We are closely monitoring information from the Centers for Disease Control (CDC) and local health departments to help ensure that we are taking appropriate precautions to ensure everyone’s safety while continuing to provide continuous service.

On March 19th, California Governor Newsom issued an Executive Order proclaiming a State of Emergency in California in response to the threat of COVID-19, please see the Executive Order here. This Executive Order states that all individuals living in California stay home or in their place of residence with limited exceptions. In response to the Governor’s Executive Order, Hayashi Wayland will continue to operate as a vital component of the Financial Service Sector that is outlined in the US Department of Homeland Securities Critical Infrastructure workforce.  That means we will be able to continue to serve you to the best of our ability.

However, effective immediately, and in order to protect you, our team members, and our communities, we will no longer keep our office open to the public.  We realize that exchanging documents are critical in providing service to you.  We will continue to accept documents via mail, FedEx or UPS, or using secure electronic transfers, and under special circumstances we can coordinate an in-person document exchange.  During this time most of our staff will be working remotely, with a small group of people remaining in our offices to process documents, answer phone calls, and help facilitate work to our remote employees. Please see our 3/20/20 Release for further information.

Hayashi Wayland values our relationship with you, and we commit to staying connected and helping you through this unprecedented situation.

 

Hayashi Wayland 3/28/2020 Covid-19 CARES Act Update – for full release click here.

US Chamber of Commerce Coronavirus Emergency Loans Checklist and Guidelines for Small Businesses – for checklist click here.

US Chamber of Commerce Furlough vs. Layoff – for full guideline click here.

F.A.Q on Stimulus CARES Act – for full release click here.

Hayashi Wayland 3/26/2020 Covid-19 Update – for full release click here.

Hayashi Wayland 3/20/2020 Covid-19 Update – for full release click here.

IRS Pushes Tax Date to July 15, Same as Payment Deadline – for full article click here.

CDTFA COVID-19 State of Emergency Release – for full release click here.

For Nonprofits- we’re answering you 990 and gala questions in light of Covid-19 – for full article click here.

Payment Deadline Extended to July 15, 2020 – for full article click here.

IRS Coronavirus Tax Relief – for more information and the latest IRS updates visit the full IRS Resource Center.

Trump calls for deferral of tax payments from coronavirus victims – for full article click here.

More time to file, pay for California taxpayers affected by the COVID-19 pandemic – for full article click here.

Hayashi Wayland 3/17/2020 Covid-19 Update – for full release click here.

Hayashi Wayland 3/14/2020 Covid-19 Update – for full release click here.

CA EDD Resources for Workers & Employers – visit full Resource Page.

CA EDD Coronavirus 2019 FAQs – to see all FAQ’s click here.

 

The Families First Coronavirus Response Act (FFCRA):

On March 18, 2020 President Trump signed the Families First Coronavirus Response Act.  The FFCAR contains several separate Acts,  include Acts to expand family and medical leave and guarantee emergency paid sick leave for employees who work for public and private employers. Certain employees are now entitled to paid family and medical leave and emergency paid sick leave. While employers are obligated to pay for such leave, the FFCRA creates payroll tax credits that covered employers can take advantage of later.  The Department of Labor just posted its first round of guidance on the FFCRA, including two fact sheets and a FAQ: Fact Sheet for Employees, a Fact Sheet for Employers and a Questions and Answers.

Our HR Team at Hayashi Wayland can assist you with questions you might have while navigating through the FFCRA.  Please contact Sandra Mason, Director of HR, at:  sandram@hw-cpa.com or (831) 759-6334.

 

Disaster Relief Loans:

The U.S. Small Business Administration (SBA) offers disaster assistance in the form of low-interest loans to businesses, renters, and homeowners located in regions affected by declared disasters.  The SBA is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Upon a request received from a state’s or territory’s Governor, SBA will issue under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, an Economic Injury Disaster Loan declaration.

For a short video explaining this loan and learn about other SBA loans click here or get more information from the SBA website here.

Our Team at HW can assist you with preparing loan documents, working with your banker, preparation of cash flow analysis; and other information needed to apply for an SBA loan

 

Frequently Asked Questions:

Q: Is Hayashi Wayland staying open?

A: Yes however, effective immediately we are closing our office to the public. We have suspended all in-person meetings until further notice but you will be able to call and email our employees directly, or you can reach out to any of our offices: https://www.hw-cpa.com/contact/. During this time most of our staff will be working remotely and we will still be able to continue to serve you to the best of our ability.

Q: Is Hayashi Wayland an essential business?

A: Hayashi Wayland is a vital component of the Financial Service Sector that is outlined in the US Department of Homeland Securities Critical Infrastructure workforce.

Q: When will my tax return be due?

A: On March 20th, 2020 Treasury Secretary Mnuchin, at the direction of President Trump, announced an extension of the tax return filing and tax payment deadline to July 15th, 2020. Read the full article here.The California Franchise Tax Board has already extended the filing and payment deadline to July 15th, 2020.

Q: Is my return being worked on still?

A: Yes, During this time most of our staff will be working remotely, with a small group of people remaining in our offices to receive documents, answer phone calls, and help facilitate work to our remote employees. Our staff has the capability to hold meetings with you via phone or video conferencing. You will continue to be able to call or email our staff directly, or contact our offices: https://www.hw-cpa.com/contact/. Fortunately, we have the technology and capability to perform most of our essential business services remotely, and our team will continue to provide you with great service. If you have questions about your specific return(s) please reach out to your Preparer directly or email info@hw-cpa.com.

 

 

Helpful Articles for Businesses & Organizations:

10 Tips for Managing a Remote Workforce – to watch our short video click here.

We know many businesses, ourselves included, are having to quickly learn how to navigate a remote working environment. We put together this quick video with 10 tips to help maintain a productive workforce, a collaborative work environment, and a positive company culture while working remotely.

Trump Signs Coronavirus Relief Bill with Paid-Leave Mandate – for full article click here.

The U.S. Senate approved the Families First Coronavirus Response Act in a 90-8 vote on March 18, and President Donald Trump signed it into law a few hours later. The bill will provide free screening, paid leave and enhanced unemployment insurance benefits for people affected by COVID-19, the respiratory disease caused by the coronavirus.

Interim Guidance for Businesses and Employers – for full article click here.
Plan, Prepare and Respond to Coronavirus Disease 2019

Coronavirus: Paul Weiss Discusses Employment Law and Guidance for Employers – for full article click here.

This article provides a brief overview of the legal obligations relevant to employers during this public health crisis, followed by recommended strategies for employers to ensure business continuity and a safe workplace.

New York Times: So We’re Working From Home. Can the Internet Handle It? – for full article click here.

With millions of people working and learning from home during the pandemic, internet networks are set to be strained to the hilt.

5 Things Organizations Can Do to Brace Against Coronavirus Fallout – for full article click here.

Businesses around the world are dealing with the spread of the coronavirus. Is your business prepared? Here are 5 things you can do.