As of Saturday March 21, 2020, the federal income tax filing due date has been extended to July 15, 2020, according to an announcement by the Treasury Department and IRS[1]. This follows a press conference held on March 17th, 2020 in response to the COVID-19 pandemic, where Treasury Secretary Steven Mnuchin stated that the deadline […]
Please see the interesting information provided by Lewis Brisbois Bisgaard & Smith LLP, a legal firm with whom we exchange business and technical support. The Families First Coronavirus Response Act was approved by the U.S. Senate and signed by President Trump on March 18, 2020 (the Act). The Act requires that covered employers grant up to […]
Dear All, Please find some insightful notes from a legal firm with whom we exchange business and technical support, Pavia & Harcourt LLP. These are unprecedented times, and we know our clients have many questions regarding how to navigate the downturn in business due to COVID-19. We are here to discuss your particular issues […]
On Thursday, March 19, 2020, Governor Cuomo announced that banks in New York State will waive mortgage payments for 90 days and suspend foreclosures[1]. The waivers will be dependent on financial hardship (those affected by the outbreak, including but not limited to layoffs)[2]. Fees involved with late payments and overdraft on ATM and credit cards […]
AICPA (The American Institute of Certified Public Accountants) has provided the following document – their State Tax Filing Guidance for Coronavirus Pandemic Chart. It contains updates regarding state issued guidance, relief/provisions, and other pertinent information for all 50 states. This document is frequently updated by AICPA. We have a have provided the link below. If you have […]
Dear All, attached a very interesting note from an Esquire with whom we exchange business and technical support – by Antonio Valla, founder and President of Valla & Associates Most “business interruption” insurance policies require that there be a physical loss in order to trigger coverage. However, many “commercial property insurance policies” provide coverage for […]