Tax season, like the rest of 2020, seems to be going on forever this year. I am not sure if it is actually October 15th or March 229th. I think we can all agree that it has been a very long year.
We started out 2020 with a bang, just knowing that it was going to be better than the tax season of 2019, when we were dealing with a new tax law, and all of the accompanying issues that come with trying to implement that.
And do you know what? The year did start out better. We were going to be so on top of things! And then March. March of 2020.
So not only were we, like everyone else, dealing with the uncertainty of a global pandemic, but we were getting new legislation; new things to help our clients navigate. First the Families First Coronavirus Response Act, followed shortly thereafter by the Coronavirus Aid, Relief, and Economic Security Act (CARES). But we were ready.
Need help with questions on stimulus checks? We were ready. Need help with applying for loans from the Paycheck Protection Program (PPP)? We were ready.
And then more legislation – would it pass both the House and the Senate? (So far that answer is no.)
And then new vernacular started hitting us – Interim Final Rules. And interim final rules or SBA guidance or IRS pronouncements – something published that always seemed to be posted on a Friday evening. But do you know what – we were ready for this also. (Though, to be fair, the term interim final is still somewhat bizarre for me to comprehend.)
And as we are processing the last of the 2019 calendar year tax returns, we are taking the time to reflect on all that we have done this year. We moved our workforce to be mostly remote, without too many hiccups, we have had very safe work environments, we are lucky to still have clients that need our assistance – assistance that we are more than qualified to give to them.
But as we receive the last of the efile signature forms and release the returns for electronic filing, we will be celebrating an extra holiday on October 16th. And we are most definitely ready for that as well!
Donna H Laubscher, CPA