We are committed to serving the needs of our clients while maintaining a safe and stable work environment for our employees. Moreover, DMJ takes our role in social responsibility during the coronavirus outbreak very seriously, protecting our most vulnerable, and believes in doing our part to prevent the spread of the virus. Effective Saturday, March 21, all DMJ offices will be closed to outside visitors until further notice. Our team will continue to work remotely and be available to you. We have continuance plans and modified schedules in place to provide you with ongoing service.

From the start, we have followed workplace recommendations and will continue to adapt in accordance with additional recommendations. This is an important step in an abundance of caution to protect the health and safety of our team and their families, given the ongoing coronavirus pandemic.

Documents

Please be reminded that all tax information you have available should be submitted as soon as possible. Remember, the earlier documents are shared, the more proactive our tax professionals can be.

Please submit documents to us electronically. Contact your DMJ professional to discuss the best option for electronic document submission. Options include:

  • Email remains the most effective option for electronic communication.
  • Electronic document sharing may be arranged using DMJ’s secure portal. If you would like to be set up on the firm’s portal, please contact us at portal@dmj.com.
  • Electronic signature of documents is available using DocuSign. Electronic signature of tax returns is available using SafeSend. See your DMJ contact.

Alternatively, we ask that you mail or overnight documents to your regularly visited DMJ office. A list of addresses is available on our website: https://www.dmj.com/locations/. In addition, all DMJ offices offer “Drop Boxes” located outside these offices near or beside our entry doors.

Extension Deadline – The Latest on the April 15 Tax Filing Relief

As you have heard on the news, there is much discussion from the President and other Administration officials about the need for April 15 filing relief. DMJ’s Director of Tax Services, Milton Howell, CPA, CSEP, shares a few key facts based on what we know right now.

Update 12:00 p.m. March 21, 2020

You may have heard that the Secretary of the Treasury moved the April 15 filing date to July 15 for 2020. Let’s talk about what this means for your tax filings that ordinarily would be in process right now.

  • Yes, your federal tax return for 2019 is now due July 15, 2020. No interest or penalty will apply during that period.
  • North Carolina is following that rule, but North Carolina cannot waive interest at 5% under state law.
  • Other states may or may not follow that rule. We are following that and as the news develops.
  • If you ordinarily pay a first-quarter estimated tax payment due April 15, that is deferred until July 15, 2020.
  • You MAY still owe a second-quarter estimate due June 15 but that is also developing at this time.

We are relaxing the long busy season hours that our staff works with this change in the deadline. If you require that your tax work is expedited before July 15, please let us know and we will prioritize it.

If we have already completed your tax work, and you are due a refund – please file as soon as possible to get your money back.

If you have already picked up your tax work and you owe money, there is now no reason to pay the balance before July 15 but it is still good to get your return filed. Be sure to check with us on each separate state for their rules.

Business Issues & Resources

As the impact of the coronavirus continues to unfold on our business community, we are available if you need assistance or guidance from your DMJ professional regarding these unique sets of challenges. Please contact them directly or reach out to contact@dmj.com.

DMJ has also established a resource center for all firm communications related to coronavirus on our website found HERE.

As the market responds to the pandemic, DMJ Wealth Advisors is actively tracking the situation and evaluating strategies to address the potential impact of the coronavirus. Those updates can be found here. If individuals would like to have a general planning conversation regarding strategies or opportunities for this market, DMJ Wealth Advisors is available utilizing GoToMeeting, virtual meeting technology.

A reminder to be aware and diligent regarding “bad actors” online. Phishing campaigns are emerging from cybercriminals posting as the CDC, WHO, and other organizations.  It is as important as ever to remain vigilant when it comes to cybersecurity. Learn more here.

As the coronavirus spreads within the U.S., how do business leaders ensure continuity during this pandemic? During these times, it is essential that you have a business continuity plan. Consider five steps you can take to ensure ongoing operations and what to address when disruption happens. Learn more here.

Thank you for your continued patience and understanding as we all navigate through these challenges ahead. DMJ will continue to be available to you in any capacity you need us as we persevere through this time of unprecedented uncertainty. We have faith in each other and our community. Please keep us apprised of how we can further assist you.

Sincerely,

Mike Gillis, CPA/PFS/CGMA

Managing Partner, DMJ & Co., PLLC