COVID-19 Update for Clients

3/12/2020 - By Christina Doss

Updated 4/13/20 - As we learn more about the evolution and impact of COVID-19 (Coronavirus), we want to assure our valued clients and friends that we are monitoring the situation closely. At this time, our main concern is for the health and safety of our clients, our employees and their families.

Effective Wednesday, March 18th, Saltmarsh Financial Advisors will be operating primarily in a virtual working environment.

We are here to support you and are uniquely positioned to navigate a situation like this. Over the past several years, we have has embraced technology that allows us to provide a “work from anywhere” environment for our team while maintaining the level of quality and service our clients have come to expect. As a result, our professionals are fully equipped and trained to work remotely, and you can count on us to remain available and in communication.

A small number of employees will work from our offices for critical functions (mail, scanning documents, etc.), but we ask that you help us leverage phone/video calls and email during this time.

In addition to being able to serve you efficiently and effectively through remote capabilities as needed, know that we are here to help you with your own remote working environment, and have a robust team dedicated for this. Please contact Stephen Reyes, Information Technology shareholder for assistance.

CLIENT MEETINGS & OFFICE VISITS

At this time our office locations remain open. However, we encourage clients to use our secure online portal to submit documents electronically. Contact your Advisor to discuss the best option for electronic document submission. Alternatively, we ask that you mail or overnight documents to your local Saltmarsh office.

In-person meetings will be rescheduled with conference calls or other electronic communication tools. If you need to reschedule a meeting, please contact any member of our team.

IRS RELEASES COVID-19 TAX RELIEF

April 15th filing and payment deadlines extended until July 15th – On Thursday, April 9th, the U.S. Treasury issued Notice 2020-23 to further amplify relief provided in previous notices, including Notice 2020-18, which postponed the due date of federal income tax returns from April 15, 2020 to July 15, 2020.

Consequently, any federal tax obligation for tax return filing or tax payment which is due to be performed on or after April 1, 2020, and before July 15, 2020 are now due on July 15, 2020.

This includes:

Quarterly estimated income tax payments, including the second quarter individual and corporate tax estimates that were previously due on June 15, 2020
Individual income tax payments and return filings
Calendar year or fiscal year corporate income tax payments and return filings
Calendar year or fiscal year partnership return filings
Estate and trust income tax payments and return filings
Estate and generation-skipping transfer tax payments and return filings
Gift tax payments and return filings

The relief granted above is limited to federal income taxes only. Please contact your Saltmarsh tax advisor for the latest regarding the status of any state filing/payment relief.