Small business in Maryland State? Just checking if you reclaimed your COVID-19 tax relief. With the outbreak of the coronavirus scaling to greater heights by the day. We thought we should just knock on your doors and check if you are taking steps to keep your small business afloat. Lucky for you, the state of Maryland is providing a host of coronavirus tax reliefs.
However, you must note that doing your bookkeeping all the time. And paying taxes keeps your business afloat during such times because it gives you access. Or makes your business eligible for government relief packages. Nevertheless;
- Have you filed for your tax refund as per the Maryland state which advised businesses who have paid their Sales & Use Taxes, for March, early to do so?
- Have you taken note that your business and individual income tax payment has been given a 90-day extension, until July 15 with no late penalties?
- Importantly, if you have set up your own tax filing using your own bank, you need to stop that transaction from going through.
I know, we mentioned something along the lines of keeping your bookkeeping up to date. In order to receive government relief during such ‘business-threatening’ pandemics. If you have been not doing this, you know you already lost out and your business faces closure risk. To prevent this the next time such a disaster hits, speak to us for not only your bookkeeping but business coaching to keep your business scaling.
Ps: If you have a question about what is happening? And what needs to be done get Coronavirus Stimulus check. Go to our Coronavirus FAQ: The Cares Act. Don’t forget that we can help you file your taxes! Have a Free Quick tax Chat with your Dave Ramsey Endorsed number 1 Tax Accountant. And to claim your COVID-19 tax relief.
