Update on the Federal 90-Day Waiver of Penalties and Interest on Tax Payments Back on March 17, 2020 Treasury Secretary Mnuchin announced a 90-day grace period on the payment of individual and corporate Federal taxes, normally due April 15th. Individuals and corporations have until July 15th without being assessed [...]
Small Business Relief: Yesterday the Baker-Polito Administration announced administrative tax relief measures for small local businesses which have been impacted by the ongoing COVID-19 outbreak, especially in the restaurant and hospitality sectors. This tax relief includes postponing the collection of regular sales tax, meals tax, and room occupancy taxes [...]
As of yesterday afternoon, the SBA Economic Injury Disaster Loan (EIDL) program is now activated for Massachusetts. Primary eligible Counties: Barnstable, Berkshire, Bristol, Dukes, Essex, Franklin, Hampden, Hampshire, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, Worcester Applicants may apply online, receive additional disaster assistance information and download applications at disasterloan.sba.gov/ela/Information/ApplyOnline [...]
As businesses continue to be financially impacted by the COVID-19 pandemic, we wanted to share with you important information regarding the U.S Small Business Administration's recently released low-interest federal disaster loans. The SBA's Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic [...]
Dear Client, Our firm remains fully open for business. We are fortunate to work in a service industry in which much of our work is conducted remotely anyway - over the phone, by e-mail, fax and our Client Portal. At this time, we strongly encourage electronic delivery of [...]
