The IRS has announced that the due date for making federal income tax payments has been postponed from 4/15/2020 to 7/15/2020. For consolidated groups and stand-alone C corporations, up to $10 million of tax payments can be deferred. For all other taxpayers, up to $1 million can be deferred, regardless of filing status. The relief
The IRS has announced that the due date for filing federal income tax returns has been automatically extended from 4/15/2020 to 7/15/2020. This deferment applies to all taxpayers, including individuals, trusts and estates, corporations, and other noncorporate tax filers, as well as those who pay self-employment tax. Taxpayers do not need to file additional forms
On March 24, 2020, Philadelphia launched it’s COVID-19 Small Business Relief Fund for businesses with revenues under $500K, $500 to $3m, and $3m-$5m. If your business has been disrupted by COVID-19, apply here. https://www.phila.gov/programs/philadelphia-covid-19-small-business-relief-fund/
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The U.S. Small Business Administration (SBA) offers low-interest federal disaster working capital loans to Pennsylvania small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). SBA acted under authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act recently signed by the President, following a request received from Gov. Tom