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COVID19 Updaye Text over Virus background

Coronavirus Update for Small Business Owners Q&A

Employers are scrambling to find ways to help their employees who are impacted by the novel coronavirus (COVID-19). Help is available. Now that COVID-19 has been declared a national emergency,[1] Internal Revenue Code Section 139 can be used to allow employers to make tax-free payments or reimbursements to employees as “qualified disaster payments.” Below are...
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IRS Moved Tax Filing Deadline to July 15

The IRS announced today that is extending the federal income tax filing deadline to July 15th, in order to provide taxpayers and businesses additional time to file and make payments without interest or penalties amid the Coronavirus pandemic. This three-month extension is part of an effort to keep the economy afloat while people and companies...
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