URGENT…PLEASE READ REGARDING NEW PROCEDURES EFFECTIVE 4-2-20
UPDATE 3-23-20, APRIL 15th DEADLINE EXTENDED, NEW OFFICE PROCEDURES
UPDATE 3-26-20 URGENT PAYROLL INFORMATION Click here
SMALL BUSINESS GUIDE TO CARES ACT. (click here for summary)
PAYROLL PROTECTION PROGRAM. (click here for summary)
First and foremost, we hope you, your friends and family are in good health and doing what you must to protect yourselves from the spread of the Coronavirus. As with everything, this too shall pass, and we’ll be here to service you and your business in a more familiar way when we’re cleared to do so. Until then, please take the time to review our necessary policies so that we may continue do what needs to get done relative to your tax returns and associated business concerns. While not business as usual, we’re still working hard on your behalf to provide the service you expect from your Outsourced CFO team.
The spread of COVID-19 is presenting tough choices for individuals and businesses alike. We are following daily developments closely – prioritizing the health and well-being of our employees, clients, and families while keeping our organizations and economies moving forward.
The Federal Government has announced that the Federal Tax deadline has now been moved back to July 15th giving everyone an additional 3 months to complete their tax returns. While the sense of urgency has been eased a bit, we would encourage you to have your documentation prepared for drop off. Please reach out to schedule phone consultations and for further information as we continue along this continuously updating journey. In addition, the State of California has postponed the April 15th filing deadline until July 15th.
Effective immediately, in the interest for all concerned we will not be meeting in-person with any of our clients until further notice. This means we will be taking all appointments via telephone at this time. All other communication will be through email, phone or our secured portal as well as through traditional mail. Our team is working diligently on your behalf with a reduced team in the office and digitally from home to meet your expectations. We have also set up a drop box in front of the office for you to drop your documents into for review. We’ll be retrieving the contents frequently.
Deadline for Filing Taxes
Currently, the deadline for Federal returns has been changed to July 15, 2020. Both the IRS and California will waive any penalties for not paying taxes owed for an additional 90 days. The President has instructed the IRS to extend the filing date. We will update you if and when there are any changes.
Our Business Partners
We are working virtually with our business partners where physical meetings are not advisable and will continue to work with them so that services and products run as smoothly as possible. The IRS, software providers, and other providers are limiting their services during this time. As such, we will need to reduce our hours to ensure support.
We will continue to prepare your tax returns and other projects. We will contact you as your returns are completed. Most returns are electronically sent, and you can review the tax return online and return the action items to us electronically. Paper copies can be picked up at our office or can be mailed.
Please be patient during this unusual time. When you drop off your information, please use all precautionary measures. Additionally, please do not visit our office if you or your children are feeling ill or have been running a fever.
We will keep you up to date on the filing deadlines and tax payment deadlines. Please check our website, Facebook or our app for further information. As always, should you have questions, don’t hesitate to email or call us.
Thank you again for your assistance and understanding during this trying time for us all.
Stay safe and healthy,
The Outsourced CFO Solutions team