20 Mar COVID-19 Update 2: US Tax Filing Deadline Moved to July 15
US Tax Filing Deadline Moved to July 15
Americans will have an additional three months to file their taxes amid the coronavirus pandemic, the US treasury secretary said on Friday. “We are moving Tax Day from April 15 to July 15,” Secretary Steven Mnuchin tweeted. “All taxpayers and businesses will have this additional time to file and make payments without interest or penalties.”
CA Franchise Tax Board
Coronavirus Special Tax Relief and Updates
If you’re a taxpayer affected by the COVID-19 pandemic, review these resources for more information. Check back for updates on COVID-19 and California income taxes.
How to Calculate a Restaurant Break-Even Point
Especially in uncertain times, an important factor in decisions about how to operate your restaurant is your break-even point. Essentially, your break-even point is what sales you need for a certain period of time to not lose money, or “break even.” Learn how to calculate your restaurant’s break-even point below:
Managing Restaurant Operations During the COVID-19 Pandemic
There is an abundance of news and information available. Click the link below for comprehensive news and information that we hope you would find helpful, especially for restaurant owners and operators.
CA Department of Tax and Free Administration
COVID-19 State of Emergency
On March 12, 2020, Governor Newsom issued an Executive Order in response to the COVID-19 State of Emergency. Pursuant to this Executive Order, through May 11th, the CDTFA has the authority to assist individuals and businesses impacted by complying with a state or local public health official’s imposition or recommendation of social distancing measures related to COVID-19. This assistance includes granting extensions for filing returns and making payments, relief from interest and penalties, and filing a claim for refund.
Jewish Free Loan Association
Loans Available for Those Affected by Coronavirus
Has your business or income been impacted by the Coronavirus outbreak? Do you need to pay for childcare so you can get to work while schools are closed? Do you have other expenses you didn’t anticipate? Jewish Free Loan is here to help with a no-fee and interest-free loan to cover:
COVID-19 Los Angeles Community Resources
Click here for a list of community resources in Los Angeles for children and adults of all ages: