COVID-19: Understanding the CARES Act’s Benefits and Implications on My Tax Liability Featuring Robert Hall & Associates

Written by Apartment Management Magazine on . Posted in Blog, Webinar

LIVE Webcast: Thursday, May 7, 2020 11:00 AM – 12:00 Noon PST

Are you wondering how the CARES Act, PPP, EIDL, and mortgage forbearance will impact your tax and financial situation? Understand the financial assistance available and the tax implications of the CARES Act on the real estate industry.

During this presentation, Tony Watson of Robert Hall & Associates will help you understand how you can benefit and start receiving financial assistance under the CARES Act and what “moves” you can make now, and provide you with real life, tried-and-true tax savings strategies used in the real estate industry.

Topics Include:

  • What are the different SBA funding programs in place for rental property owners and managers?
  • What other programs are available to landlords or property management companies?
  • How does the application process work?  How long will it take?
  • What are the qualifications for SBA funding, including required number of employees?
  • What are COVID-19 related EIDL loans and the amounts of forgivable advances?
  • What are the terms of the available SBA loans?  How much can I borrow?  What interest rates and amortization are available?
  • How is the maximum loan amount determined?
  • What amount of debt is forgivable and what is taxable?
  • PPP or EIDL – What is the best strategy?

Featured Presenter:

Tony Watson, EA
Senior Tax Consultant & Public Speaker, Robert Hall & Associates

Tony Watson is an Enrolled Agent who focuses on providing personalized financial guidance and tax preparation services to individuals and businesses. As a federally licensed tax practitioner, Tony helps his clients make sound financial decisions and works to ensure all eligible deductions are received when preparing taxes.  Should a client need assistance with audits, collections, or appeals, Tony is empowered by the U.S. Department of Treasury to represent taxpayers before all administrative levels of the Internal Revenue Service. In addition to his one-on-one client work, Tony Watson is the keynote speaker for Robert Hall & Associates. He speaks on various tax related topics at over 100 engagements throughout California each year. His dedication to his clients and expertise in the field of taxation lead him to win the Glendale Reader’s Choice Award for Best Tax Preparer in 2016. When not preparing taxes or speaking at an event, Tony enjoys reading books and mixing music.


Moderator:

Daniel Yukelson
Executive Director, Apartment Association of Greater Los Angeles (AAGLA)

Daniel Yukelson is currently the Executive Director, Apartment Association of Greater Los Angeles (AAGLA).  As Certified Public Accountant, Yukelson began his career at Ernst & Young, the global accounting firm, and had served in senior financial roles principally as Chief Financial Officer for various public, private and start-up companies.


Featuring:

Robert Hall & Associates

In 1971 Robert Hall had a dream to create an accounting firm that offered the businesses and residents of Los Angeles, high-quality tax services. He recognized that each business is unique and the traditional “cookie-cutter” tax preparation approach was not serving their best interests. Out of this desire to better serve the accountingand tax preparation needs of Californian businesses and individuals, Robert Hall & Associates was born.

In the beginning, Robert Hall started preparing fellow teacher’s taxes out of his garage. As demand for his services grew, the accounting firm expanded to include more talented tax preparers with experience in a variety of industries. Today, Robert Hall still diligently works to prepare taxes and personally trains each tax consultant in order to achieve a higher standard of quality. Because of his tireless efforts, the Los Angeles accounting firm has grown to become an industry leader that prepares roughly 10,000 tax returns annually. Robert Hall & Associates has grown to not only provide accounting services to Los Angeles, but also to Orange County and the San Fernando Valley and other areas within California. It offers accounting and tax services to a variety of industries, such as: real estate, small business, entertainment, healthcare, law enforcement/firefighters, and education.


Presented by:

TFS Properties

TFS Properties, Inc. specializes in 1031 Tax-Deferred Exchanges. When the time comes for you to upgrade your real estate investments, it is important to work with specialists having the experience & relationships to help you find the right solution and properties for your individual circumstances.  Rusty Tweed, Mac Graham, & Edward Weng have over 70+ years of combined experience and offer specialized support for each unique situation.


Title Sponsor:

Schon Tepler Group, Inc. (STG) is a fully integrated real estate development and investment company based in Los Angeles, California. Our focus is on creating and preserving value for our equity investors through the use of our specialized knowledge of the multi-family real-estate business. Schon Tepler Group was formed in 2009 by Paul Schon and Artem Tepler. A combination of experience of the principals, economic variables and real estate trends helped drive the initial business model: to acquire, renovate and sell distressed multi-family properties during the “Great Recession”. Being cognizant of changing real estate patterns and updated economic data, Schon Tepler Group has transitioned to become a vertically integrated real estate company specializing in ground-up development of multi-family real estate, property management, and construction.


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