Monthly Archives: March 2020

CARES Act – Impact to individuals, families and businesses

March 27, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES) was signed by President Trump on March 27. The bill includes nearly $2 trillion in funds for coronavirus relief for individuals and families, businesses, hard-hit industries, health care, states and municipalities, and more. The bill includes: $349 billion small business loan program (including nonprofits and physicians) […]

READ MORE

Illinois extends income tax filing deadline

March 25, 2020

Illinois has extended the income tax filing and payment deadline to July 15, 2020, to match the federal postponement in light of COVID-19. Important to note: Applies to all individual returns, trusts and corporations No extensions need to be filed, and interest and penalties are waived for the period Penalties and interest begins to accrue […]

READ MORE