Ahad&Co, Boutique CPA Firm, Enables Clients To Thrive Despite COVID-19 Restrictions

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Ahad&Co, Boutique CPA Firm, Enables Clients To Thrive Despite COVID-19 Restrictions

July 08
00:13 2020
Ahad&Co, Boutique CPA Firm, Enables Clients To Thrive Despite COVID-19 Restrictions
New York-based accounting firm files over 1,400 tax returns for clients in lockdown, leveraging advanced technology for virtual CPA service.

Ahad&Co, a boutique CPA firm serving clients in the New York area and around the US, announced today that it had devised ways of helping businesses thrive despite the impact of the COVID-19 pandemic and related lockdown measures. The firm has filed a remarkable 1,400+ tax returns this season by leveraging advanced technology to create a virtual CPA service. Ahad & Co has also provided extensive advisory services for clients that need to navigate the government’s coronavirus programs.

“To say this has been a challenging few months would be an understatement,” said founder Ahad Ali, CPA. “We have succeeded nonetheless, due in part to our great team here at the firm, as well to the power of technology. We can conduct bookkeeping and prepare tax returns on a completely virtual basis.” Ali continued, offering insights into how his firm helps clients handle the financial impact of the pandemic. “The COVID-19 lockdowns are putting some of our clients under a great deal of pressure,” he said. “We have been able to work through the problems and help them adjust their cash management and business planning to weather the storm.”

Ahad&Co is renowned as one of the best accounting firms in New York for providing personalized tax and accounting services. They offer a premium accounting solution for individuals and businesses. The firm tailors its accounting and financial management offerings to each client’s individual needs. Their portfolio of services includes day-to-day bookkeeping, financial reporting, tax preparation, and filing. Ahad&Co is set up to manage accounting for freelancers and contractors as well as for business owners (S-Corp, C-Corp, and LLC) and W-2 type full-time employees.

One area where the firm has been active recently is in advising clients on the CARES Act and other COVID-19 related government aid programs. Ahad&Co published guidance on the CARES Act, outlining how small businesses can apply for assistance. The article also references a comparable New York State small business loan program.

The article goes into depth on the Economic Injury Disaster Loan (EIDL), which is offered by the Small Business Administration (SBA), part of the US Treasury Department. In this program, businesses can get up to $2 million in financial assistance for working capital to pay bills and operating expenses. Ahad&Co then provides recommendations for applying for the Paycheck Protection Loan Forgiveness Program, which is one of the most significant sections of the CARES Act. It offers an emergency loan that can be forgiven when it is used for payroll.

The firm gives clients up-to-date information other COVID-19-related accounting matters, such as the 100% Refundable Tax Credit for Paid, Sick and Family Leave, Net Operating Loss (NOL) Carryback and Higher Business Interest Deduction. They give clients the information they will need to defer Payroll Taxes as well.

For more information, visit www.ahadandco.com

Media Contact
Company Name: AHAD & CO
Contact Person: Ahad Ali
Email: Send Email
Phone: 929-371-9915
Address:118-21 Queens Blvd, Suite 606
City: Forest Hills
State: NY 11375
Country: United States
Website: https://www.ahadandco.com

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