Whatever business your business is in, our specialty is being your partner in profitability and longevity.” Perry Ghilarducci

FTB:  More time to pay

 

Some Tax Deadlines Have Changed—Here is Some of the Latest Information:·    On March 13, 2020, the FTB announced special tax relief for California taxpayers affected by the COVID-19 pandemic.  Affected business and individual taxpayers are granted an extension to file 2019 California tax returns, and make certain payments, until June 15, 2020.·    Thus far we have not received guidance from the IRS regarding any change to the federal tax filing deadline of April 15th for 2019 individual income tax returns.  We anticipate there will be a postponement of the deadline, however, without an official announcement from the IRS we have no choice but to wait until we receive notification.

https://www.ftb.ca.gov/about-ftb/newsroom/news-releases/2020-2-more-time-to-file-pay-for-california-taxpayers-affected-by-the-covid-19-pandemic.html

The COVID-19 crisis has changed paid sick leave.  Employees may also be granted additional paid sick days under the federal Families First Coronavirus Response Act passed by the U.S. House of Representatives on March 14, 2020.  The bill is expected to be voted on in the Senate this week.  Here is a link to summary of the bill:  https://www.cepr.net/families-first-coronavirus-response-act-whats-in-and-whats-out/

 

State of CA DIR FAQ:

There are some other options available for your staff including filing for unemployment or Family Medical Leave.  We recommend that you review the State of California FAQs for COVID-19 as it outlines the options available.  Here is a link to their webpage:  https://www.dir.ca.gov/dlse/2019-Novel-Coronavirus.htm

EDD:

Webpage for filing claim related to Coronavirus 2019

https://www.edd.ca.gov/about_edd/coronavirus-2019.htm