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Covid-19 Impact
Mar 20, 2020
Updates for Stone & Company Clients
The current situation as a result of this global COVID-19 pandemic is truly unprecedented, affecting our home life, our businesses and our communities. Our hearts go out to anyone who’s been impacted by the virus, either directly or indirectly. Especially to those who are sick we extend our wishes for a fast and full recovery.
During this time, I wanted to reach out and update you on how we’re approaching the situation at Stone and how we’re balancing the safety and health of our colleagues, clients and other stakeholders, while preserving business continuity and the quality of technical expertise, advice, and service that defines our firm. The following are some important steps we are taking, as well as some important updates that may affect you and impact this year’s tax filings that are still in progress:
• We are taking advantage of our capabilities to work remotely, utilizing remote access and our secure Sharefile document exchange portal. Our software systems and online tools allow us to collaborate and provide tax services without interruption, even while working remotely. We are connected and communicating daily.
• We are asking our team members to work with our clients through digital channels as much as possible. Please contact us if you need assistance at info@stonecpas.com
For clients who do visit our offices, we have implemented an approach that recognizes social distancing and greetings without touching. We are pleased to have seen that clients understand that this is out of an abundance of caution and for everyone’s safety.
• We are monitoring developments closely, including following recommendations from the World Health Organization (WHO), the Centers for Disease Control and Prevention (CDC), as well as other local, regional and global health authorities.
Also, below, please find a summary of key dates and updates related to taxes and Covid Relief:
• Filing Due Date: The filing deadline for income tax returns, as well as any payments that were due on April 15th, has now been extended to July 15th. This provides some much needed relief in these times. However, while no payments or filings are due before July 15th, it is likely that we will still be able to complete a significant number of returns as planned and well before the new deadline, though some returns will be completed after April 15th.
• The key take away is that clients do not have to worry about interest and penalties if they don’t file or extend by April 15th. We are committed to getting work completed as soon as possible.
• Updates as we know them will be posted on our website.
Stone is doing all it can to help our business community through this challenging time. It is my sincere hope that you and your families are safe and doing well under these circumstances. While all our businesses are in uncharted territory, our relentless commitment to your success is stronger than ever. Our company was founded almost 35 years ago on certain core values: trust, integrity, collaboration, and commitment to our staff and clients’ success, and those values continue to guide us in everything we do.
In summary, we are open for business. Even when circumstances create challenges, our commitment and dedication to you remains the same. We have a truly amazing team here at Stone and I know I speak for all of us when I say we are here for you. Thank you for your business. We stand ready as your partners to assist and support you now, and persevering together in all the days and years ahead.
All the Best,
Rob Miller,
Managing Partner
News, Insights and Thought Leadership
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