News You Can Use
PAYCHECK PROTECTION PROGRAM EXPENDITURE TRACKER. Keep track of your PPE Loan to ensure you are on track to have the loan forgiven by using the PPE Loan Spreadsheet.
PAYCHECK PROTECTION PROGRAM INFORMATION. If you have received funds from the Paycheck Protection Program, the American Institute of CPAs (AICPA) has provided the following documents to help you better understand your responsiblities if you want some/all of the money received to be forgiven:
Per Executive Order 2020-26, State of Michigan income tax filing and payment deadlines have been extended through 07/15/2020. City income tax filing and payment deadlines have been extended through 07/31/2020.
IRA/HSA/MSA contribution deadline has been extended through 07/15/2020. Click here for IRS Q&A regarding filing & payment deadlines.
FEDERAL
Due date for filing taxes for 2019 have been extended through 07/15/2020.
This relief applies only to federal income tax payments (including payments of tax on self-employment income).
*NO EXTENSION IS PROVIDED FOR THE PAYMENT/DEPOSIT OF ANY OTHER TYPE OF* *FEDERAL TAX OR TAX/INFORMATION RETURN*
STATES
The American Institute of CPAs (AICPA) is continually posting updates on its website regarding changes to states deadlines as they emerge. To find out information regarding your state, click here.