With the chaos in our country over the current COVID-19 crisis, tax paying Americans are being given some grace by the IRS. The standard filing date of April 15th has been delayed to July 15th, 2020. For those who owe taxes this is great news, and for those receiving refunds, it gives you more time to maximize your refund.
What is even better news for Small Business Owners like myself who owe quarterly taxes, Q1 and Q2 deadlines have been extended as well. Instead of Q1 and Q2 being due on April 15th and June 15th, respectively, they are now due on July 15th, 2020!
If you need more information or have questions, feel free to contact me and I can help give you some guidance and direction as a Small Business Owner myself. If you are anxious about this whole crisis, I am here and still available to accept new clients.