IRS grants everyone more time for other deadlines

Taxpayers were granted additional, broad tax filing and payment deadline relief by the IRS late on Thursday, April 10, in line with relief requested by the AICPA over the past several weeks amid the coronavirus pandemic. The new relief, issued in Notice 2020-23, applies to all taxpayers that have a filing or payment deadline falling […]

Business owners: Get familiar with the moving parts in COVID-19 pandemic

This article is incomplete! Things have gotten weird lately, and most–if not all–of us are sailing through uncharted waters. If you’re like most people, all the tax and policy buzzwords zipping around are amalgamating into a big, amorphous cloud. Here’s a quick rundown of the important moving parts you’ve probably been hearing about. Families First […]

CARES Act: What it is and what it does

On March 25th, 2020, the much anticipated and debated Coronavirus Aid, Relief, and Economic Security Act was passed unanimously by the Senate. Now the legislation moves to the House for passage and then the President’s desk for enactment which will hopefully occur by the end of the week. While many of the details related to […]

Desroches Partners updates payment preferences in response to COVID-19

With new guidelines about social distancing, our team has starting been remotely. The office is a ghost town and our homes are bustling with activity. Thank goodness we live in a time where miles of distance is no obstacle to clear communication! Because we’re doing our social duty by avoiding face-to-face contact, we’re also adjusting […]

State Tax Relief Developments related to COVID-19

U.S. states are providing tax filing and payment due date relief for individuals and businesses. The AICPA has compiled the latest developments on state tax filings related to coronavirus. View the document

IRS filing and payment deadlines have been changed…in your favor

We’ve all got our hands full these days. Though it sometimes seems the opposite is true, the IRS is actually here to help protect the interests of American businesses. In response to the coronavirus pandemic, they’ve extended a bunch of deadlines, and have published a comprehensive guide to help you understand what your new tax […]