COVID-19 News & Updates

We have created this section of our site to keep you informed of Jackson Thornton updates as well as other news that impacts our clients and friends.

CARES Act Stimulus 

March 28 – CARES Act Client Email

March 28 – Small Business Loan Programs Under CARES Act

Families First Act Updates

March 25 – Families First Coronavirus Response Act – Key Employer Provisions

Jackson Thornton/JTAM/JTT Updates

March 20 – Families First Act Passed | Tax Deadline Extended

March 19 – Important Tax News + Coronavirus Legislation Passes/Signed

March 18 – COVID-19 Update from Jackson Thornton Asset Management

March 17 – Jackson Thornton physical offices close – transition to remote work arrangement for JT employees

March 13 – JTT COVID-19 Business Continuity Plan

March 13 – Jackson Thornton COVID-19 Business Continuity Plan

Updates that Impact You or Your Business

March 30 – Availability of IRC Sec. 139 for making disaster relief payments as a result of COVID-19

March 27 – Tax Relief Offered by States in Response to COVID-19

March 25 – Families First Coronavirus Response Act – Key Employer Provisions

March 24 – The Dept. of Labor issued a press release with some key points for employers as related to payroll taxes as well as providing a comprehensive Q&A on their website.

March 24 – Filing and Payment Deadlines Q&A from Internal Revenue Service

March 23 – Alabama Extends State Income Tax Deadline

March 19 – Congress Passes the Families First Coronavirus Response Act – contains a broad array of programs and funding – including employer tax credits

March 17 – Tax Payment Deadline Extended to July 15, 2020

Frequently Asked Questions from Our Clients 

We hope the overview of key employer provisions below answers many questions related to the recent COVID-19 related  regulations. We will continue to update this FAQ document as additional questions arise (last updated 3/20/20).

 

 

 

 

 

Jackson Thornton provides the information on this website for general guidance only, and does not constitute the provision of tax advice, legal advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this website are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.