We hope you are doing well in this time of worldwide crisis.
This morning the Treasury Secretary announced that federal tax filings and tax payments have been pushed back until July 15, 2020.
The latest updates are available on the IRS website.https://www.irs.gov/coronavirus
Illinois has not announced anything yet but it usually follows the federal government. They also established a special webpage with related extensions. https://www2.illinois.gov/rev/Pages/Taxpayer-Resources-during-COVID-19-%28Coronavirus%29-Outbreak.aspx
If your business temporarily closes, you should file for unemployment on the IDES website.
For our payroll clients, please let us know if you file for unemployment because we will need to stop payroll for you.
Please reach out if you have any questions. We are available by email and phone.
Stay healthy and safe.
Your friends at Caputa & Associates