More relief for small businesses! Governor Newsom signed an executive order on March 30th that allows the California Department of Tax and Fee Administration to grant a 90-day extension, without penalties, for tax returns and payments for all businesses filing a return for less than $1 million in taxes.
Highlights of the executive order:
- The due date for filing first quarter sales and use tax returns and for making payments has been extended to July 31, 2020.
- The statute of limitations to file a claim for refund with the CDTFA is extended by 60 days for businesses that are unable to file a timely claim due to COVID-19.
- Department for Consumer Affairs waiving continuing education requirements and annual fee payments (including installment payments) for 60 days.
- Driver’s license and I.D card renewal originally requiring in-person appointments can now be renewed by mail for the next 60 days. (Thank you, social distancing!)
Questions regarding how this impacts your particular situation? Please call your partner or manager directly, or email us. We’re here to help.
Dave focuses on tax compliance and planning in the areas of income and estate tax. He is the tax partner for our automotive group but he’s also tapped for his expertise in real estate, manufacturing and professional services. He’s a whiz at estate and gift taxation and can create a customized approach to designing and implementing a successful exit plan for business owners.
You can reach Dave at 714-672-0022.
Read Dave’s full bio.