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Showing posts from March, 2020

Coronavirus and Stimulus Package Update

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The impact of the Coronavirus (COVID-19) is changing rapidly and all of us at A&CO are praying for the safety of your family and ours.  Even though our first priority is our safety, life goes on and recent events have affected the way we and our clients work.  Please see below for current information regarding the April 15th tax deadline, our office procedures, small business funding resources, and the stimulus package that is expected to pass this week.    There is some free money on the table for businesses and individuals, and we don’t want you to miss it. APRIL 15 TAX INFORMATION The deadline to file your 2019 Form 1040 (individual income tax return) has been extended from April 15 to July 15. If you owe, the tax payment deadline has also been extended to July 15, without accruing penalties and interest. The deadline to contribute to your 2019 IRA or HSA has also been extended to July 15. The first quarter 2020 estimated income tax payments deadline has also been