Category: COVID Relief

The ongoing COVID-19 pandemic is deeply affecting everyone’s day to day lives. As a result, this is also affecting virtually all businesses and their normal daily operations. The accounting and financial reporting processes are two viable aspects of your business which must maintain their e Read More

The IRS has provided guidance for income tax returns due on April 15. The due date is extended until July 15 for individual, corporation, trust and estate income tax returns. The payment date is also extended for these returns. Any payments deferred until July 15 will not be subject to any in Read More

The Families First Coronavirus Response Act was passed by the Senate on March 18, 2020. The Act will take effect April 2, 2020 and expires on December 31, 2020. Employers covered under this relief bill will receive tax credits to allow them to provide enhanced benefits to those employees affe Read More

On Tuesday March 17, 2020, the Secretary of the Treasury, Steve Mnuchin, announced that there will be a 90 day interest and penalty free extension of time for certain taxpayers to pay all or part of their Federal income taxes beyond the normal April 15th deadline. This was followed the next d Read More