Blog

26
Mar

Simple Guide to IRS and Virginia Tax Deadlines

In order to simplify all of the newly released information from the IRS and Virginia Department of Taxation on tax filing deadlines for individuals, we at Harris, Hardy & Johnstone, P.C. have put together a simplified set of instructions for our clients on how we would like to approach the upcoming filing deadlines. Virginia deadlines for Individuals Filing deadline for 2019 tax returns is May 1, 2020.  Please note, this has not…  Read more

19
Mar

Employers Can Immediately Provide Tax Free Qualified Disaster Payments to Employees in Connection with COVID-19

Employers are scrambling to find ways to help their employees who are impacted by the novel coronavirus (COVID-19). Help is available. Now that the COVID-19 has been declared a national emergency,[1] Internal Revenue Code Section 139 can be used to allow employers to make tax-free payments or reimbursements to employees as “qualified disaster payments.” Below are some frequently asked questions about how employers can use Section 139 immediately to help employees…  Read more

19
Mar

Federal Aid Package Helps Individuals Affected by COVID-19

The Families First Coronavirus Response Act (H.R. 6201),  became law on March 18, 2020. The Act guarantees free testing for the novel coronavirus (COVID-19), establishes emergency paid sick leave, expands family and medical leave, enhances unemployment insurance, expands food security initiatives, and increases federal Medicaid funding. The Act includes up to 80 hours of emergency paid sick leave for workers who are unable to work while they are sick or…  Read more