This morning, U.S. Treasury Secretary Steven Mnuchin announced, "We are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties." We expect the IRS will issue official guidance today or Monday, officially extending the deadline. Our plan is [...]
The Federal Government and States are offering small business loans and policies to offset some of the lost business. We encourage you to review these items to see if they might bring benefit to you and your business during this time. Please click on the following links below for more information: *Massachusetts launches $10 million [...]
This Technical Information Release (“TIR”) announces that the Department of Revenue (“Department”) will waive any late-file or late-pay penalties imposed under G.L. c. 62C, § 33 for returns and payments due during the period March 20, 2020 through May 31, 2020, for the following taxpayers: Vendors with meals tax return and payment obligations pursuant to G.L. c. 62C, [...]
In response to the coronavirus (COVID-19) pandemic, on March 18, 2020, Congress enacted a bill providing various forms of relief, including two separate laws mandating that employers give employees paid leave for specified purposes related to COVID-19. The two leave laws are the Emergency Family and Medical Leave Expansion Act, and the Emergency Paid Sick [...]
