SPECIAL ALERT: VA, SSI RECIPIENTS
The Internal Revenue Service issued a special alert for Supplemental Security Income and Department of Veterans Affairs beneficiaries to act by May 5 if they didn’t file a tax return in 2018 or 2019 and have dependents so they can quickly receive the full amount of their Economic Impact Payment.

For VA and SSI recipients who have a qualifying child and didn’t file a 2018 or 2019 tax return, they have a limited window to register to have $500 per eligible child added automatically to their soon-to-be-received $1,200 Economic Impact Payment. A quick trip to a special Non-Filers tool on IRS.gov by May 5 for these groups may help put all of their eligible Economic Income Payment into a single payment. The Non-Filers tool is available in English and Spanish.

The IRS has additional material available on a special partners page on their website.
CHILD CARE FUNDING FOR ESSENTIAL WORKERS
As of Monday, April 20, New York State is providing child care scholarships to all essential. 

Essential workers  include first responders such as health care providers, pharmaceutical staff, law enforcement, firefighters, food delivery workers, grocery store employees and others who are needed to respond to the COVID-19 pandemic.

Child care costs will be covered with $30 million in federal CARES Act funding to essential staff whose income is less than 300 percent of the  federal poverty level  – or $78,600 for a family of four – and will be paid up to market rate for each region statewide.

Click here to apply for a child care scholarship or visit the New York State website for more information.
INFORMATION TO SHARE WITH EMPLOYEES
During this COVID-19 Pandemic, many workplaces have been directly impacted by closures or workforce reduction. Employers are required by law (12 NYCRR § 472.8) to provide certain information to their employees to help them promptly complete the unemployment insurance benefits application.

Immediate action required: In order to ensure that you are complying with your legal obligations, and to facilitate the timely processing of unemployment insurance benefits applications, the New York State Department of Labor is directing all New York State employers to provide the following information to each of your employees whose work schedule and/or employment status has been impacted as a result of COVID-19 related issues.
 
Employer Information
 
NYS Employer Registration No:
Federal Employer Identification No:
Employer Name:
Employer Address:
 
Please make sure that all relevant employees, including those who have already been impacted by COVID-19, are promptly provided this information. You may use Form IA 12.3 to provide this information to your employees.
THIS FINANCIAL CRISIS IS DIFFERENT
Jason Tabor, CFP ®, Financial Advisor for Allied Financial Partners, recently recorded a message providing some insight into how the financial crisis associated with the COVID-19 pandemic differs from past events.
Jason meets with clients in the Oneonta and Cooperstown offices. To schedule an introductory conversation in the Oneonta office please call Ramona at (607) 432-3462. For appointments in the Cooperstown office please call Debbie at (607) 282-4161.
If you have specific questions, or would like to discuss your personal situation, please call our office to speak with a member of our financial services team.
OUR OFFICES ARE OPEN!
If you have questions or need assistance, please call any of our office phone lines Monday - Friday between 8:30AM - 5:00 PM or visit our website for a list of direct employee contact information.

  • Buffalo: (716) 694-0336
  • Cooperstown: (607) 282-4161
  • Oneonta: (607) 432-3462
  • Perry: (585) 237-3887
  • Rochester & Victor: (585) 410-6733
RESOURCE LINKS
Enhanced Unemployment Insurance (UI) Benefits & Pandemic Unemployment Assistance (PUA) for New Yorkers.


Paycheck Protection Program (PPP)


Use this worksheet to help you understand your cash flow needs for the next month. Fill-in the amounts in blue and the worksheet will calculate your cash flow needs. This tool will help you when speaking with creditors and banks on your needs. 
ON A LIGHTER NOTE...




We know it is tough and we hope you are all doing okay out there!

-Your friends at Allied Financial Partners
BUFFALO | COOPERSTOWN | ONEONTA | PERRY | ROCHESTER | VICTOR
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Securities offered through Registered Representatives of Securities America, Inc., a broker-dealer, member FINRA / SIPC . Advisory services offered through Securities America Advisors, Inc., a Registered Investment Adviser. Tax services provided by Tette, Ingersoll & Co., CPAs, PC. Allied Financial Partners and Tette, Ingersoll & Co., CPAs, PC are not affiliated with Securities America.

Securities America is unaffiliated with any other named entities or services offered.

To be eligible for the Rochester Chamber Top 100, businesses must be privately held, headquartered in the nine-county Rochester region, and have earned at least $1 million in revenue in each of the three most recent fiscal years. The Rochester Chamber Top 100 is computed based on revenue growth, taking into account both dollar and percentage growth.