New York State Tax Filing & Payment Deadline Moved

Governor Cuomo has issued an executive order (202.12) authorizing the Tax Commissioner to provide relief from certain tax filing and payment deadlines. In response, the Tax Commissioner has extended the April 15, 2020 due date to July 15, 2020, for New York State personal income tax and corporation tax returns originally due on April 15, 2020. In addition, the Commissioner is allowing taxpayers to defer all related tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed.

Read the full guidance here

News

Op/Ed: Budget Decisions Will Tell If New York State is Serious About Economic Recovery

The Business Council wrote an op/ed urging New York State lawmakers to be fiscally prudent with the state’s fiscal year 2021 budget, due Wednesday, April 1. Six business groups across New York State signed the op/ed in support.

Read the full op/ed here

New York State Business Council Webinar:

Connectivity During Quarantine

Technical & Legal Implications of COVID-19

April 2, 11:00 am

We are facing new issues as a society and business landscape.

Join us for a conversation touching on relevant technology and legal issues that are being voiced by small and large businesses during this novel time.

Register Here

Latest in New York

Coronavirus Cases

As of this posting there were 59,513 confirmed cases in New York State with 33,768 confirmed cases in New York City.

Click here to see a county by county break down.

News

• Governor Cuomo extended the ‘PAUSE’ directive to April 15 which includes nonessential businesses to work from home for an additional two weeks.  Read the Governor’s press release here.
• The federal government has approved four new sites for temporary hospitals – the Brooklyn Cruise Terminal, the Aqueduct Racetrack facility in Queens, CUNY Staten Island and the New York Expo Center in the Bronx – adding an additional 4,000 beds.
• New Yorkers without Health Insurance can apply through NY State of Health within 60 days of losing coverage. Details here.
• Testing remains free for all eligible New Yorkers as ordered by a health care provider.

Members Making a Difference

Every business has been impacted by the coronavirus in some form. Still, many New York State businesses, who have the ability, are putting their needs on hold or taking on additional ventures to aid in the fight and assist the public in this difficult time.

The Businesses Council is highlighting those businesses. Please feel free to share any examples of your businesses, or employers you know, who are making a difference.

You can send your stories to the Putnam County Business Council.

U.S. Chamber of Commerce

Access the latest Coronavirus Emergency Loans Small Business Guide here.

Useful Links

The Small Business Owner’s Guide to the CARES Act

This guide from the U.S. Senate Committee on Small Business & Entrepreneurship provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA.

The Business Council’s ‘Managing Coronavirus’ Page

This resource guide is updated daily with useful links and tips for employers and employees.

The Business Council’s ‘Business to Business’ Page

This forum allows businesses to share company policy changes, strategies and ideas to help one another navigate COVID-19.

Human Resource Guidance

For questions on how to manage staff or to seek clarification on any new policy or mandates regarding worker’s rights, email Frank Kerbein, Director of the Center for Human Resources or call direct 1-800-332-2117.

SBA Economic Injury Disaster Loan — Update

Here is a video providing updates to the SBA Economic Injury Disaster Loan