At Arlia & Associates CPAs LLP the health and safety of our office staff and clients are our top priority. With the COVID-19 virus having an increasing impact in our community, we want to let you know how our business is addressing this situation.
Currently, our offices are still open for appointments. Here are the proactive steps we have put in place:
- All clients are encouraged to send us files and exchange documents online at email@example.com
- Our offices are currently open for appointments. However, we are prepared to take our teamwork virtual. Please call us at (718) 227-6864 if you want to schedule a phone appointment in lieu of a live visit.
To accommodate any concerns, our clients and staff may have we have taken the following additional steps:
- We have increased the cleaning and sanitation of our offices.
- We have added additional alcohol-based sanitizer around our office.
- We informed our staff if anyone is feeling ill (fever or cough), they need to stay home.
For updates on how COVID-19 will be affecting payment deadlines, please visit the IRS website here. Please be aware that the current extension put into place is for only for federal returns at the moment.
I strongly recommend preparing the return before April 15, 2020. This allows you to get your refund as well as do 2020 estimated tax payment planning.
Payment Delay. Your 2019 Form 1040 balance due is due July 15, 2020. Your 2020 1st quarter estimated tax payment is due July 15, 2020. Your 2nd quarter estimated tax payment is due June 15, 2020. Yes — your 2nd quarter payment is due before your 1st quarter payment.
If these payments are already scheduled for auto-debit, you can cancel the payment: call IRS e-file Payment Services 24/7 at 1-888-353-4537 to inquire about or cancel your payment, but please wait 7 to 10 days after your return was accepted before calling.
Tax Credits. The government is providing payroll tax credits to offset mandatory paid sick & family leave for 2020. Self-employed people get a tax credit if sick and unable to work. Individuals with COVID-19 can get higher tax credits. If you get sick and want to claim this tax credit, get some type of documentation regarding your illness. There is no guidance yet on required documentation.
Proposals. There is a pending Senate bill with a slew of tax provisions, including an advance tax credit payment similar to what happened in 2008. These items are not law. It is uncertain what will be passed.
- If you are a local business that has been affected by COVID-19, the SBDC (Staten Island Small Business Development Center) has outlined how they will be assisting small businesses here.
- If you are experiencing flu-like symptoms and have a scheduled appointment, please let our team know so that we can discuss options with you to ensure our collective well-being.
During this difficult time, we are committed to serving our clients and staff with care and consideration. We will continue to monitor the situation and take precautionary measures to promote the health and safety of our staff and clients.
Thank you for being a valued client and for your continued trust as we manage through this time together. If you have any questions or need further assistance, please call us at (718) 227-6864 or email us firstname.lastname@example.org.