Tax Deadlines
- Reminder: The tax filing due date for individuals for the 2020 tax year has been extended from April 15 to May 17, 2021.
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April 15, 2021 remains the deadline for;
- C-Corporations
- Estates & Trusts
- 1st Quarter Estimated Tax Payments
- May 17, 2021
- Individuals
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Tax Exempt Organizations (original 05-17-21 deadline not changed)
Payroll Quarterly Reports will be posted to you Employer on the Go portal by the fifth of May. At this time there have not been any extensions to the quarterly payroll filing deadlines.
Appointments
For the protection of our clients and employees we are encouraging our clients to drop off, mail, or securely upload tax documents to our office through our portal system. Our team is available to you via phone conference, virtual meeting or for in-person appointments.
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AFP Named A 2021 TOP WORKPLACE |
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This is our first year on the list and we owe it all to our amazing team. Thank you to all of our employees for your hard work and dedication!
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Important Birthdays Over 50 |
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Most children stop being “and-a-half” somewhere around age 12. Kids add “and-a-half“ to make sure everyone knows they’re closer to the next age than the last.
When you are older, “and-a-half” birthdays start making a comeback. In fact, starting at age 50, several birthdays and “half-birthdays” are critical to understand because they have implications regarding your retirement income.
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NYS Enacts Paid COVID Vaccination Leave |
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Friday, March 12th, Governor Cuomo signed new COVID legislation requiring both public and private employers of all sizes to provide paid leave of up to 4 hours to employees for the purposes of receiving the COVID vaccine (the original version of the bill was applicable only to public employers). The law, which became effective immediately upon signing, is scheduled to expire on December 31, 2022 and does not set a limit as to the number of leaves an employee can take during that timeframe to receive a vaccination. Likewise, if the FDA, CDC or other government agencies recommend a COVID booster shot, employees will presumably be entitled to take advantage of this COVID leave in order to receive the booster.
The COVID Vaccination Leave is in addition to any employer provided leave, including New York State Paid Sick Leave. Employees must be paid their regular rate of pay (FLSA calculation) for such leave. Hospitality employers that take a tip credit must pay tipped employees at the full minimum wage for the leave period. As with virtually all mandated leaves, employers cannot retaliate against employees for exercising their leave rights.
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Apply For Independent Restaurant & Bar Grants |
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A $28.6 billion restaurant and bar grant program will be made available soon. Members of the Independent Restaurant Coalition partnered with members of Congress to craft the legislation.
While the Small Business Administration prepares to stand up the program, businesses should take steps to organize the materials necessary to submit an application once it is available. Click the link below for more information about the program, and what businesses can do to prepare for the application.
Update: As of April 8, 2021 Restaurant Revitalization Fund applicants no longer need to sign up for a SAM.gov account or have a DUNS number.
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Online Credit Card Payments Payments to Allied CPAs, PC and Allied Payroll Services can be made online at www.alliedfp.com. Look for the Make A Payment button on the top right corner of our website. AFP accepts Mastercard, VISA and Discover. Please note: Electronic payments cannot be accepted for financial planning or investment services.
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The CCH Axcess Portal allows for the secure transfer of documents between you and our firm.
Portals are being set up upon request, if you would like a portal please contact our office.
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MY1040Data Web Organizer Now Available
As part of our tax software transition web organizers will be available on our website through the My1040Data platform. To access your web tax organizer please visit our website, alliedfp.com and log into the My1040Data platform.
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IRS Tax Scam Reminder: The IRS does not initiate contact with tax payers by email, phone or social media channels to request personal or financial information. If you receive a call like this do not provide any personal information.
For more details about Tax Scams, or to report a scam, visit the IRS website by clicking here.
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We want to hear from you!! This eblast is written for the benefit of our clients. Please reply to this email with any topics of interest, questions or concerns you may have and we would be happy to address them.
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Buffalo | (716) 694-0336
Cooperstown | (607) 282-4161
Oneonta | (607) 432-3462
Perry | (585) 237-3887
Rochester | (585) 410-6733
Victor | (585) 410-6733
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Is the content of this email relevant to you?
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Allied Payroll Services is bonded.
Securities offered through Registered Representatives of Securities America, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc., a Registered Investment Adviser. Tax services provided by Allied CPAs, PC. Allied Financial Partners and Allied CPAs, PC are not affiliated with Securities America.
To be eligible for the Rochester Chamber Top 100, businesses must be privately held, headquartered in the nine-county Rochester region, and have earned at least $1 million in revenue in each of the three most recent fiscal years. The Rochester Chamber Top 100 is computed based on revenue growth, taking into account both dollar and percentage growth.
Top Workplaces Award is given based on employee survey results.
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