Here are some updates on legislation relative to the coronavirus and news about Pennsylvania’s tax filing deadline.
Families First Coronavirus Response Act Affects Businesses with Under 500 Employees
As you may be aware, the “Families First” Act (Families First Coronavirus Response Act HR 6201) was passed into law March 18, 2020. If your company has under 500 employees, you are affected by this legislation. The Department of Labor provides a summary of the law here.
In short, this new law creates mandatory new paid time off (PTO) and new family medical leave (FMLA) mandates for employers effective April 2, 2020. There will be an opportunity for businesses with under 50 employees to file for an exemption if the viability of the business is in question. However, at this moment, the Secretary of Labor has not issued guidance on this new law.
Pennsylvania Tax Filing Deadline Extended to July 15, 2020
Also, as you know, the federal deadline for your tax returns and tax payments has been pushed back to July 15, 2020. Since Pennsylvania’s law dictates that Pennsylvania’s deadline must match the federal deadline, the Pennsylvania deadline has also been moved to July 15, 2020. The Pennsylvania Institute of CPAs is currently working with localities to push their deadlines back as well.
Canon Capital is Here for You
While Canon Capital falls under Governor Wolf’s list of life-sustaining businesses, we are continuing to implement procedures to have no more than 10 individuals in our office at one time. We continue to be available by phone or email as normal. While Montgomery County is currently under a “stay at home” order, we will continue delivering payroll and tax returns through secure methods.