We hope you all are safe and healthy. With respect to how Coronavirus (COVID-19) is effecting the tax/financial world, we will be sending you information as soon as we have it, which is generally in advance of releases to the general public. With that said, what we can currently share with you is we were notified by the American Institute of CPA’s (AICPA), over the weekend, that based on their conversations with U.S. Treasury, they are expecting the IRS will announce, this week, an extension of the April 15th tax deadline by as much as 90 days, and a waiver of penalties and interest for most tax payers. As more specific details surface we will be sharing that information with you.
With respect to best Coronavirus protocol, as recommended by the CDC and by our CPA industry, we are increasing our efforts to implement a “social distancing” policy over, at least the next few weeks. For the protection of our employees and clients, we are postponing any face-to-face client meetings for at least the next few weeks. With that said, we’ll be increasing our levels of electronic communication and telecommunication with our employees and clients. If you need to reach us or have questions, we are here, as normal to take your phone calls and e-mails. If you have something to drop off, we encourage use of your client portal which allows you to upload information and files to us. Password protected emails can be effective, then there’s always the regular mail as well. Rest assured, our office is still operating at high capacity, as we have the capability to work remotely in addition to in the office, so we are able to keep client matters moving along. If you have any questions and/or need anything, do not hesitate to reach out to us.