The Families First Coronavirus Response Act, the second coronavirus emergency aid package, was signed into law by President Trump on the evening of March 18, 2020. Only a small part of the legislation contains tax provisions; while the rest of the bill primarily focuses on funding for increased COVID-19 testing, providing free testing for everyone, [...]
Secretary of the Treasury Mnuchin announced an extension of the April 15 tax payment deadline for most individuals and businesses, giving 90 extra days to pay 2019 income tax bills and quarterly income tax estimates. Taxes due with individual income tax returns can be deferred up to $1 million in income tax payments (including self-employment [...]
Secretary of the Treasury Mnuchin announced an extension of the April 15 tax payment deadline for most individuals and businesses, giving 90 extra days to pay 2019 income tax bills. Individuals will be allowed to defer up to $1 million in tax payments and regular corporations will be able to defer up to $10 million [...]
Now that COVID19 has been declared a pandemic, businesses must assure they have a continuity plan and/or disaster recovery plan in place. As the situation escalates, we will continue to face emergency planning issues. The health of ourselves and employees, while preserving business continuity, are key to navigating the issue. Strong planning, the ability to [...]