Help is on the Way for U.S. Small Businesses

On Friday afternoon, the latest stimulus package known as the CARES (CoronaVirus Aid Relief and Economic Security) Act was signed into law. Below we have targeted two provisions we believe are directly and most relevant to our startup clients.

Paycheck Protection Program (PPP)

Cash grants are available to companies who retain their current employees at their regular salaries. Some key points: 

  1. Grants are...

Tax Deadline - Important Update

The IRS has finally come through and officially fully extended the tax deadline from April 15, 2020 to July 15, 2020. Their original position as stated in our previous update was to only extend the payment due date. We are grateful to receive some good news during these challenging times.

Cash Flow Stimulus Package

Washington is currently very focused on putting cash and liquidity in the hands of small business owners an...

Our hearts are with you during these challenging times. We are rooting for each and every one of our resilient start-ups to emerge from this crisis even bigger and better than before!

Tax Deadline Updates:

Corporate Filing Deadline for the 2019 Tax Return or 2019 Extension Request remains April 15, 2020.

Payment of any the following:

  • Tax due as reported on the 2019 tax return

  • Tax due as reported on the 2019 extension request

  • Tax due as rep...

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MK Tax Ltd.

P: 073-794-4200

Jerusalem Central Station
224 Jaffa Road, 7th Floor

Jerusalem, 94383