In This Issue
On the Relief Front-lines: Rebates, Retirement Plans and Charitable Contributions
Your Business Playground is Different. New Provisions for Employers and the Self-Employed
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Reminders
Reminder   

April 10
* Individuals - If you are a tipped worker and received $20 or more in tips in March, report them to your employer on Form 4070. 

April 15 
* Individuals - If you are expecting a refund on your 2019 taxes, don't take the extension. File your taxes on time to get your refund sooner.

April 25
* Businesses - New Mexico Gross Receipts Tax payments have not been deferred (as of this writing). Pay your March GRT by the April 25 due date to avoid a penalty and interest. 

> Other important dates
March 2020
 

As COVID-19 continues to change the world as we know it, Tax & Accounting Solutions is focused on recovery - both health and financial. Our staff is practicing social distancing and enhanced hygiene as we continue our work. And the State of New Mexico, the federal government and the IRS are implementing credits and extended tax deadlines that should help individuals and businesses get back on their feet. 

As all of us navigate emergency orders, we ask that you call or email us (rather than visit) if you need to deliver documents or have questions. Our entire team wishes you the best of health, now and in the future. Be safe!
Individuals
On the Relief Front-lines: Rebates, Retirement Plans and Charitable Contributions

The most immediate financial assistance for families and individuals will come in the form of a tax rebate, but the recently passed CARES Act also allow people experiencing adverse financial consequences as a result of COVID-19 to modify their retirement funds.   > Here's what the CARES Act provides

Businesses
Your Business Playground is Different. New Provisions for Employers and the Self-Employed

From payroll tax deferment to small business loans that include criteria that allows them to be forgiven, the CARES Act aims to improve your cash flow and keep your business afloat. > Ways to stretch a dollar
Need clarity about the provisions of the CARES Act? Call our office at 505-984-0646  to schedule a video or phone appointment.