A letter to our DDK family
To our valued clients, friends, and associates
At DDK, our number one priority during these unprecedented times, is to ensure we’re taking care of the health, safety and wellbeing of our employees and their families, along with our client and communities.
Our firm has worked to develop a disaster recovery plan that protects the DDK family and ensures we continue to service our clients with a seamless experience and the support you need and expect from us. In order to be proactive with the continuing COVID-19 impact, DDK and Company is enacting our work from home policy beginning immediately and effective through March 29th. We will be reassessing this date should conditions warrant.
DDK and Company will remain fully operational during this time. We are equipped with telecommuting technologies that will allow the DDK team to have anytime, anywhere access and provides us with a great deal of flexibility. Our IT team has put the firm through a variety of tests that will allow us to maintain steady service to all of our clients for as long as is needed, to be able to avoid any disruption in work and to successfully meet our client service obligations.
In order to help us in this mobile environment, please consider sending important documents via our secure file exchange which can be accessed by c
licking here or by visiting our home page
www.ddkcpas.com and then clicking on Secure File Exchange above our Logo. For additional assistance or questions please contact our DDK IT team at:
support@ddkinfotech.com. We have arrangements in place to securely receive mail and packages in the offices should you be mailing in any documents. If you have any questions or concerns please email
mrubin@ddkcpas.com.
Please note we are still awaiting any formal tax deadline guidance from the government and we will keep you informed of any developments.
We wish you continued health and safety during these challenging times.
If you have any further questions in regards of the current situation, please do not hesitate to reach out.
Sincerely,
Your DDK team
Assistance for NYC businesses
Assistance for NYC businesses
NYC has issued the news blast below, which may assist you during this time.
Mayor Bill de Blasio announced on March 8 that the City will provide relief for small businesses across the City seeing a reduction in revenue because of COVID-19. Businesses with fewer than 100 employees who have seen sales decreases of 25% or more will be eligible for zero interest loans of up to $75,000 to help mitigate losses in profit.
The City is also offering small businesses with fewer than 5 employees a grant to cover 40% of payroll costs for two months to help retain employees. Eligible owners who would like to learn more about these programs should fill out our
interest form.
IRS defers 2020 tax payments by 90 days
The IRS has yet to extend the deadline to file your taxes. During a press conference today, Treasury Secretary Steven Mnuchin announced “If you owe a payment to the IRS, you can defer up to $1 million as an individual — and the reason why we are doing $1 million is because that covers lots of pass-throughs and small businesses — and $10 million to corporations, interest-free and penalty-free for 90 days. All you have to do is file your taxes, you’ll automatically not get charged interest and penalties,” Mnuchin said. He also said, “We encourage those Americans who can file their taxes to continue to file their taxes” by the normal tax filing deadline.
Reading above, we must wait for some guidance and regulations from the IRS. We hope that we will have some clarity soon.
