Special Message Regarding
As a Fifteen Year Virtual Accounting Service, MBA Services Stands Ready to Serve
The Covid-19 pandemic has dominated the news and changed the world presently, as well as for the foreseeable future. Although vaccine efforts have flattened the curve, alarming spikes continue throughout the United States. 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.
During this time, we have consistently provided financials for loan and grant funding relief, maintained pre-pandemic services without interruption, and participated in numerous conference calls and webinars to be informed and likewise, offer guidance/advice when requested. We remain ready to provide clear-headed calm, understanding, and information clarity during these uncertain times. Since our inception fifteen years ago, our primary structure and service delivery system has been virtual. Consequently, we never scrambled to get ready, we are ready; with state-of-the-art cloud capacity, high-security hardware, software, and protocols. Our IT and Accounting professionals remain 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 during this fast pace ever-changing world and financial climate.
Covid-19 Tax Deadline Extensions and Government Resource Links:
IRS Payment and Filing Deadline April 15, 2022 https://www.irs.gov/newsroom/payment-deadline-extended-to-july-15-2020
Other Upcoming Tax Deadlines:
April 15th - Edvest Contributions due (for 2021)
May 15th - Form 990-T
June 15th - Quarter 2 (2022) estimate tax payment due
July 15th - 2021 Form 1040 due (nothing needs to be filed with IRS before this date, it’s automatic)
Balance due on the 2021 Form 1040 tax returns (no late pay penalty or late interest)
2021 Form 1041 due date (for trust/fiduciary returns)
2021 Form 1120 due date (including 1120C and 1120H)
Estate and gift tax return due
IRA (traditional or Roth) contributions for 2021
Health Savings Account contributions for 2021
SEP contributions for 2021
Quarter 1 (2022) estimate payments
If needed, file Form 4868 for additional time to file 2021 Form 1040s.
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