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• March 30, 2020
  Significant Tax Provisions of the CARES Act

  On March 27, 2020 President Trump signed into Law the Coronavirus Aid, Relief, and Economic Security Act.The sweeping legislation gives substantial relief to business owners and individuals.

• March 24, 2020
  New York State Provides Limited Penalty Relief For Sales Tax Vendors

  In the wake of declaring a State Disaster Emergency, New York Governor Cuomo has issued an executive order expanding the Tax Commissioner’s authority to abate late filing and payment penalties to also allow the Commissioner to abate interest on quarterly sales and use tax filings and remittances with a due date of March 20, 2020…

• March 20, 2020
  New Employment Tax Credits Under Families First Corona​virus Response Act

  President Trump has signed into Law the Families First Coronavirus Response Act (FFCRA).The FFCRA requires that certain employers provide expanded paid leave and/or emergency family leave to certain employees.

• Treasury Delays Federal Income Tax Filing Deadline to July 15th

  Treasury Secretary Steven Mnuchin announced Friday, March 20th, that the Trump administration has decided to push the federal income tax filing and payment date to July 15 from April 15.

• March 19, 2020
  Treasury Grants Tax Relief and Trump Signs FFCRA

  On March 18, 2020 the Secretary of the Treasury issued a notice which grants relief with respect to the timing of the payment of Federal Income Tax which would otherwise be due on April 15, 2020.The relief grants taxpayers an extension of time until July 15, 2020 to make the payment and applies to…