Corona's Tax Impact #1
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 reported on the Q1 2020 estimated tax voucher
can be delayed 90 days to July 15, 2020.
Labor Law Updates:
Congress is expected to reach a decision shortly regarding the following employment related issues:
Payment for sick days
Payment to employees who are home on quarantine or caring for a child who is out of school
Tax Credits to Employers to help offset the costs of the above