News
Coronavirus Resources
MKG will continuously post new information as it becomes available for our clients. Please check back often.
- For resource information pertaining to Small Business click here: Small Business
- For resource information pertaining to Unemployment click here: Unemployment
- For resource information pertaining to specific Tax Acts click here: Tax Acts
May 19, 2020: SBA and Treasury Release Paycheck Protection Program Loan Forgiveness Application
Learn more here: https://home.treasury.gov/news/press-releases/sm1010
May 13, 2020: Payroll Protection Program FAQs - updated regularly:
April 14, 2020: IRS Economic Impact Payments Learn more here
Additional resources:
State of Michigan Coronavirus Resources
Michigan Unemployment Insurance Agency
April 1, 2020: Individual Tax Relief Provided by the CARES Act
An update on the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act
Read here
March 30, 2020: Economic impact payments: What you need to know
View here
March 21 and March 27, 2020
IRS and Michigan extend April 15 tax filing and payment deadline.
Federal: The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020.
Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed. This deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax.
State: Michigan Governor Gretchen Whitmer has signed an executive order (EO 2020-26) that will extend the state tax filing and payment deadline amid the coronavirus pandemic from April 15, 2020 to July 15, 2020. This decision comes over a week after the IRS pushed back the federal tax filing deadline to July 15, 2020, and the state of Michigan has now committed to follow suit allowing residents and businesses additional time to file their income taxes.
*This includes Michigan cities as well. An annual city income tax return otherwise due on April 15 or 30, 2020, and any accompanying city income tax payment due with the return, will instead be due on July 15 or 31, 2020.
Link: https://www.michigan.gov/whitmer/0,9309,7-387-90499_90705-523380--,00.html
March 24, 2020: Office Closure
Due to Michigan governor’s “stay at home” order due to the coronavirus pandemic, our offices will be closed until April 13, 2020.
Our professionals are temporarily working remotely, to protect the health and safety of our colleagues and clients. We remain committed to delivering quality service to our clients. E-mail will be the most efficient way to contact us and you can find this information here: MKG Email addresses.
To protect both our staff and our clients against virus spread, we are recommending that where possible, we conduct information sharing using electronic options. To provide us with documents, you can send items through our Client Portal, available on our website. We are also available to provide your completed tax return via portal as well. To get set up on the portal please email abrazelton@mkgpc.com or call either office. Click here for Portal information
