Annabi Accounting and Business Services delivers a full range of cost effective services to our clients. We take the time to understand the intricacies of each individual and business so that we can tailor our service to each client's unique situation.
Our Commitment
You will find our relationship with you centered on trust, collaboration, appreciation and respect. By embracing these values, our commitment to you and your organization is to deliver a better accounting experience.
Full Suite of Accounting Services
Whether you manufacture a product or service, operate a small retail location, receive a 1099 or are W2 employee, we will guide you through all the tax and accounting strategies and solutions to help you build income and save on tax liabilities. We provide experience and expert strategies specifically for you, your business, or your organization.
We pride ourselves on the quality of the relationships we build and the outcomes we achieve for our clients. We specialize in all areas of small business and individual tax and accounting. We have over 20 years experience and look forward to helping you with any tax or accounting issues.
Contact us to learn how we can help you. Reach us at annabicpa@gmail.com or call 909-638-1040.
COVID-19 Business and Individual Updates
COVID-19 Small Business Resources
CA Employment Development Department (EDD)
Extended tax deadlinesDelays the deadline for state payroll tax deposits and filing by 60 days for individuals and businesses unable to file on time based on compliance with public health requirements related to COVID-19. Available upon request in the portal to EDD Encouraging small businesses and individuals with hardship to reach out to EDD, which will provide additional relief on a case by case basis.
https://www.edd.ca.gov/about_edd/coronavirus-2019.htm
CA Office of Small Business Advocate
SBA Funding & Loan ProgramsIBank will issue loan guarantees up to 95 percent of the loan through its partner Financial Development Corporations to help small business borrowers who were impacted by disasters or public safety power shutoffs and who need term loans or lines of credit for working capital. Small businesses, including small farms, nurseries, agriculture-related enterprises and nonprofits that have suffered an economic loss Resources for Businesses and/or physical damage may apply. This disaster program will help lenders and small businesses by providing loan guarantees of up to $1 million for small business borrowers in declared disaster areas. IBank is also offering loans from $500 to $10,000 to low-wealth entrepreneurs in the declared disaster and emergency areas through its Jump Start Loan Program.
https://business.ca.gov/coronavirus-2019/
City of Los Angeles
Small Business Emergency Microloan ProgramThe Small Business Emergency Microloan Program will provide loans of $5,000 to $20,000 for small business enterprises that have been affected by the COVID-19 outbreak.
http://ewddlacity.com/index.php/microloan-program
San Francisco Office of Economic and Workforce Development
COVID-19 Small Business Resiliency FundBecause of the disruptions that COVID-19 has created for our small business community, the COVID-19 Small Business Resiliency Fund was created. It allows impacted small business owners to access up to $10,000 for employee salaries and rent.
https://oewd.org/covid-19-small-business-resiliency-fund
San Francisco Office of Economic and Workforce Development
Defer business taxes and licensing feesDefers business tax payment due to February 2021. No interest payments, fees, or fines will accrue as a result of the deferral. This benefit will be offered to business with up to $10 million in gross receipts, benefiting approximately 8,050 businesses with an average $5,400 tax payment deferral each. Delays license fees for three months, with a further delay to be contemplated based on need. This will lead to $14 million in deferrals impacting 11,000 payees.
https://sfmayor.org/article/san-francisco-announces-measures-support-small-businesses-response-covid-19
San Francisco Public Utilities Commission
Utilities reliefSan Francisco Public Utilities Commission (SFPUC) will no longer shut off water or power for delinquent payments, and that both the SFPUC and the San Francisco Municipal Transportation Agency (SFMTA) will no longer add penalties on to delinquent payments during the City’s Local Emergency response to coronavirus. These actions are part of the City’s response to reduce financial impacts on individuals during the COVID-19 pandemic.
https://sfmayor.org/article/san-francisco-suspend-power-and-water-shutoffs-waive-penalties-and-interest-delinquent
City of Oakland
Business Tax Relief; Paid Sick LeaveIn response to this crisis, the City’s Finance Department will waive late payment penalties for small businesses resulting from failure to file taxes due March 1, 2020 on time due to COVID-19. To apply for a payment plan or to seek waiver of penalties due to COVID-19, please call the customer service line at (510) 238-3704 or email BTwebsupport@oaklandca.gov Small businesses can receive direct help from the City’s Business Assistance Center by visiting visit oaklandbusinesscenter.com and completing the online assessment form. Staff in the Business Assistance Center will then work directly with the business to connect them with Oakland’s many business support organizations that offer financial products, technical assistance and other services to help local small businesses sturdy themselves in face of the pandemic. Please visit oaklandbusinesscenter.com for the latest information The City is reminding all workers and employers of Oakland’s voter-approved sick leave benefits. During the COVID-19 pandemic, it is important that workers have the ability to take paid time off when they are sick. Measure FF, voter-approved in November 2014, requires the accrual of paid sick leave for any individuals employed in Oakland. The minimum rate of accrual is one hour paid sick leave for every 30 hours worked. Employers with less than 10 employees must allow employees to accrue up to 40 hours of paid sick leave at a time and larger employers with 10 or more employees must allow employees to accrue at least 72 hours of paid sick leave. If an employee feels as if their paid sick leave accrual is not accurate, they should reach out to minwageoak@oaklandca.gov Through the Keep Oakland Housed program, services are available to all Oakland residents who are at risk of losing their housing. In addition to emergency financial assistance to help with rent, utility payments, and other housing-related costs, the program also offers supportive services and legal representation for tenants with an active eviction lawsuit.
https://www.oaklandca.gov/news/2020/city-of-oakland-outlines-small-business-workforce-support-to-mitigate-impacts-of-covid-19
Executive Department, State of California
Executive OrderGovernor Newsom is relaxing the state WARN Act requirements for businesses affected by COVID-19.
https://www.gov.ca.gov/wp-content/uploads/2020/03/3.17.20-EO-motor.pdf
U.S. Small Business Administration (SBA)
SBA Disaster AssistanceThe U.S. Small Business Administration 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).
https://disasterloan.sba.gov/ela/
CA Employment Development Department (EDD)
Extended tax deadlinesDelays the deadline for state payroll tax deposits and filing by 60 days for individuals and businesses unable to file on time based on compliance with public health requirements related to COVID-19. Available upon request in the portal to EDD Encouraging small businesses and individuals with hardship to reach out to EDD, which will provide additional relief on a case by case basis.
https://www.edd.ca.gov/about_edd/coronavirus-2019.htm
CA Office of Small Business Advocate
SBA Funding & Loan ProgramsIBank will issue loan guarantees up to 95 percent of the loan through its partner Financial Development Corporations to help small business borrowers who were impacted by disasters or public safety power shutoffs and who need term loans or lines of credit for working capital. Small businesses, including small farms, nurseries, agriculture-related enterprises and nonprofits that have suffered an economic loss Resources for Businesses and/or physical damage may apply. This disaster program will help lenders and small businesses by providing loan guarantees of up to $1 million for small business borrowers in declared disaster areas. IBank is also offering loans from $500 to $10,000 to low-wealth entrepreneurs in the declared disaster and emergency areas through its Jump Start Loan Program.
https://business.ca.gov/coronavirus-2019/
City of Los Angeles
Small Business Emergency Microloan ProgramThe Small Business Emergency Microloan Program will provide loans of $5,000 to $20,000 for small business enterprises that have been affected by the COVID-19 outbreak.
http://ewddlacity.com/index.php/microloan-program
San Francisco Office of Economic and Workforce Development
COVID-19 Small Business Resiliency FundBecause of the disruptions that COVID-19 has created for our small business community, the COVID-19 Small Business Resiliency Fund was created. It allows impacted small business owners to access up to $10,000 for employee salaries and rent.
https://oewd.org/covid-19-small-business-resiliency-fund
San Francisco Office of Economic and Workforce Development
Defer business taxes and licensing feesDefers business tax payment due to February 2021. No interest payments, fees, or fines will accrue as a result of the deferral. This benefit will be offered to business with up to $10 million in gross receipts, benefiting approximately 8,050 businesses with an average $5,400 tax payment deferral each. Delays license fees for three months, with a further delay to be contemplated based on need. This will lead to $14 million in deferrals impacting 11,000 payees.
https://sfmayor.org/article/san-francisco-announces-measures-support-small-businesses-response-covid-19
San Francisco Public Utilities Commission
Utilities reliefSan Francisco Public Utilities Commission (SFPUC) will no longer shut off water or power for delinquent payments, and that both the SFPUC and the San Francisco Municipal Transportation Agency (SFMTA) will no longer add penalties on to delinquent payments during the City’s Local Emergency response to coronavirus. These actions are part of the City’s response to reduce financial impacts on individuals during the COVID-19 pandemic.
https://sfmayor.org/article/san-francisco-suspend-power-and-water-shutoffs-waive-penalties-and-interest-delinquent
City of Oakland
Business Tax Relief; Paid Sick LeaveIn response to this crisis, the City’s Finance Department will waive late payment penalties for small businesses resulting from failure to file taxes due March 1, 2020 on time due to COVID-19. To apply for a payment plan or to seek waiver of penalties due to COVID-19, please call the customer service line at (510) 238-3704 or email BTwebsupport@oaklandca.gov Small businesses can receive direct help from the City’s Business Assistance Center by visiting visit oaklandbusinesscenter.com and completing the online assessment form. Staff in the Business Assistance Center will then work directly with the business to connect them with Oakland’s many business support organizations that offer financial products, technical assistance and other services to help local small businesses sturdy themselves in face of the pandemic. Please visit oaklandbusinesscenter.com for the latest information The City is reminding all workers and employers of Oakland’s voter-approved sick leave benefits. During the COVID-19 pandemic, it is important that workers have the ability to take paid time off when they are sick. Measure FF, voter-approved in November 2014, requires the accrual of paid sick leave for any individuals employed in Oakland. The minimum rate of accrual is one hour paid sick leave for every 30 hours worked. Employers with less than 10 employees must allow employees to accrue up to 40 hours of paid sick leave at a time and larger employers with 10 or more employees must allow employees to accrue at least 72 hours of paid sick leave. If an employee feels as if their paid sick leave accrual is not accurate, they should reach out to minwageoak@oaklandca.gov Through the Keep Oakland Housed program, services are available to all Oakland residents who are at risk of losing their housing. In addition to emergency financial assistance to help with rent, utility payments, and other housing-related costs, the program also offers supportive services and legal representation for tenants with an active eviction lawsuit.
https://www.oaklandca.gov/news/2020/city-of-oakland-outlines-small-business-workforce-support-to-mitigate-impacts-of-covid-19
Executive Department, State of California
Executive OrderGovernor Newsom is relaxing the state WARN Act requirements for businesses affected by COVID-19.
https://www.gov.ca.gov/wp-content/uploads/2020/03/3.17.20-EO-motor.pdf
U.S. Small Business Administration (SBA)
SBA Disaster AssistanceThe U.S. Small Business Administration 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).
https://disasterloan.sba.gov/ela/
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