Special Message Regarding
As a Thirteen Year Virtual Accounting Service, MBA Services Stands Ready to Serve
As defined by Mayoral Order 2020-053 section 4-L, tax and accounting services are regarded as essential during the newly mandated tri-state area non-essential business closures. (https://coronavirus.dc.gov/sites/default/files/dc/sites/mayormb/release_content/attachments/Mayor%27s%20Order%202020-053%20Closure%20of%20Non-Essential%20Businesses%20and%20Prohibiti....pdf)
The global Covid-19 pandemic has dominated the news and changed the world presently, as well as for the foreseeable future. In less than a few weeks, national and local gathering restrictions have gone from voluntary to mandatory to flatten the positive curve of spreading the virus. As we all grapple with what this means for both our personal and financial health; I want to reassure our clients, colleagues and community we serve, that when this is over, MBA Services will be here and count it a privilege to provide essential services throughout this crisis.
Therefore, instead of flooding your inbox with information you undoubtedly have already procured from other sources, MBA Services response was/is to remain of service to you right now, in real-time. Over the past two weeks we have provided financials for loan and grant funding relief, continuously processed A/P, A/R, payroll attended conference calls to offer guidance/advice, etc. We remain ready to provide clear-headed calm, kindness and information clarity during these uncertain times. Since our inception thirteen years ago, our primary structure and service delivery system has been virtual. Consequently, we are not scrambling to get ready we are ready with state-of-the-art cloud capacity, high-security hardware, software and IT/Accounting professionals committed to working with clients on a case by case, need by need basis.
Please don’t hesitate to call or click should you have questions or need assistance.
Covid-19 Tax Deadline Extensions and Government Resource Links:
IRS Payment and Filing Deadline Extended to July 15, 2020 https://www.irs.gov/newsroom/payment-deadline-extended-to-july-15-2020
Other Upcoming Tax Deadlines:
April 15th - Edvest Contributions due (for 2019)
May 15th - Form 990-T
June 15th - Quarter 2 (2020) estimate tax payment due
July 15th - 2019 Form 1040 due (nothing needs to be filed with IRS before this date, it’s automatic)
Balance due on the 2019 Form 1040 tax returns (no late pay penalty or late interest)
2019 Form 1041 due date (for trust/fiduciary returns)
2019 Form 1120 due date (including 1120C and 1120H)
Estate and gift tax return due
IRA (traditional or Roth) contributions for 2019
Health Savings Account contributions for 2019
SEP contributions for 2019
Quarter 1 (2020) estimate payments
If needed, file Form 4868 for additional time to file 2019 Form 1040s (if you are unable to file income tax returns by July 15th, extension granted to 10-15-2020).
What is NOT extended by this IRS relief?
Excise taxes or information return filings.
Any taxpayers who have a filing or payment due dates other than April 15 have not been granted relief at this time.
New Payroll Protection Program (PPP) loans administered by the SBA
Washington, DC Business Recovery Resources
Washington, DC Food Resources for Students and Seniors
Washington, DC Testing Capacity