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Webinar Audio:
You can dial the telephone numbers located on your webinar panel.
Or listen in using your headphones or computer speakers.
Tax Compliance in the Wake of COVID-19:
What’s Changed?
We will begin shortly.
Welcome!
Live Webinar:
• Presentation is roughly 1 hour
• All phone lines are muted
• If anyone has any questions during this webinar – please type them in your
Questions Box located at the bottom of your webinar panel
Webinar Details
Presenters
Daniel Petry | Avalara
Strategic Development
Peter Conway | Net at Work
Senior Account Manager
250+ Business Technology
Architects and Consultants
IT Road
Mapping
& Strategic
Planning
Business
Process Review
Ecosystem
BI, Analytics
& Reporting
Cloud & IT
Managed Services
ERP/
Accounting
Web
Development &
e-Commerce
Sister Company
Payment
Processing
SWYPE
Sister Company
CRM &
Marketing
Automation
HRMS/
Employer
Solutions
Document
Management
Nonprofit
Solutions
Managed Print
Services
Sister Company
Cloud / Hosting
COVID-19 Tax Relief:
What You Need to Know
5
U.S. Federal Tax
Relief Measures
• Tax Day moved from April 15 to
July 15 for income taxes
• No late fees or penalties incurred
• Individuals can defer up to $1
million of the tax due for 2019; C
corps can defer up to $10 million
• Federal Reserve slashed interest
rates “close to zero”
©Avalara. Confidential and proprietary.
States Adopting July 15 as
State Income Tax Deadline
©Avalara. Confidential and proprietary.
• Rhode
Island
• South
Carolina
• Utah
• Vermont
• Virginia (June 1)
• Wisconsin
• Washington, D.C.
• Alabama
• Arkansas
• Arizona
• California
• Colorado
• Connecticut
• Delaware
• Georgia
• Hawaii
• Idaho
• Indiana
• Iowa (July 31)
• Kansas
• Kentucky
• Maine
• Maryland
• Minnesota
• Missouri
• Montana
• Nebraska
• New Mexico
• New York
• North Carolina
• North Dakota
• Oklahoma
• Oregon
• Pennsylvania
Louisiana
• Sales and excise tax deadlines
automatically extended to
5/20
• Penalties and interest waived
for late sales tax remittances
Illinois
• Automatic short-term relief
from penalties and interest
for food and drinking
establishments with less
than $75,000 in sales tax
liability in 2019
• Chicago pushed tax payment
due date to 4/30 for
amusement tax, bottled
water tax, checkout bag tax,
hotel accommodation tax,
parking tax, and restaurant
tax
Alabama
• Late payment penalties
waived for certain small
retail businesses
• 30-day suspension of
International Registration
Plan and International Fuel
Tax Agreement requirements
©Avalara. Confidential and proprietary. 8
State-Specific COVID-19 Efforts
Washington, D.C.
• Interest and late payment
penalties for sales and use
taxes waived for periods
ending 2/29 and 3/31
• Businesses must file timely
monthly and quarterly sales
and use tax returns to qualify
• Deadline for 2019 District of
Columbia individual and
fiduciary income tax returns,
partnership tax returns, and
franchise tax returns
extended to 7/15
South Carolina
• State income tax deadline
pushed to 7/15
• Due date for other tax
returns and payments (e.g.,
admissions tax, sales and use
tax) extended to 6/1
• Interest and penalties
waived if payment made by
6/1
• Charleston has suspended
collection of hospitality and
accommodations taxes for 90
days.
New York
• Penalty and interest waived
for quarterly and annual
sales tax filers unable to file
or pay by 3/20.
• New York City taxpayers may
request a waiver of penalties
on late-filed extensions or
returns of business and
excise taxes
©Avalara. Confidential and proprietary. 9
State-Specific COVID-19 Efforts
Other Noteworthy
State Tax Relief
Measures
• Vail, Colorado: Suspended sales
tax collection until further notice
to allow those funds to fuel cash
flow for businesses
• Puerto Rico: Exempted certain
COVID-19 related products (e.g.,
face masks, disinfectant) and foods
from sales and use tax
©Avalara. Confidential and proprietary.
Turkey
• VAT return and filing deadlines
extended until June 27, 2020
• VAT rates cut on domestic
flights and hotel
accommodation
Germany
• Businesses may apply for VAT
payment postponement until
December 31, 2020
United Kingdom
• All VAT payments deferred
until the end of June 2020
(File returns on time)
• Any deferred VAT is due by
March 31, 2021
©Avalara. Confidential and proprietary. 11
Global Tax Relief Efforts
Norway
• VAT rate cut from 12% to 8%
on public transport, cinema,
sporting and cultural events.
• VAT payment deferred from
April 14 to June 10
China
• VAT rates cut on medical
services, catering and
accommodation services,
sundry personal services
(e.g., hairdressing, laundry),
and public transport
• Avalara’s tax relief roundup blog
https://www.avalara.com/us/en/blog/2020/03/coronavirus-tax-
relief-roundup.html
• Avalara’s COVID-19 VAT cuts blog
https://www.avalara.com/vatlive/en/vat-news/world-turns-to-
vat-cuts-on-coronavirus-threat.html
• AICPA state-filing guidance for coronavirus
https://www.aicpa.org/content/dam/aicpa/advocacy/tax/downl
oadabledocuments/coronavirus-state-filing-relief.pdf
• Avalara.com
©Avalara. Confidential and proprietary. 12
Keep up with the latest on COVID-19 tax relief
Please type in
your questions
Any Questions?
Featured Webinar: Monday, April 6 | 2pm ET
Maintaining Business Continuity:
Steps & Best Practices in Optimizing for a Remote Workforce
Register Online Today: netatwork.com/events
Connect with Net at Work:
(P) 800-719-3307
www.netatwork.com
netatwork.com/blog
Net at Work YouTube
Follow us on Twitter: @netatwork_corp
Follow Net at Work on LinkedIn
Follow Net at Work on Facebook
Contact your Net at Work Account Manager for any questions or concerns.
Or you can reach out to us via the information below!
Thank You For Attending!

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Tax Compliance in the Wake of COVID-19 What’s Changed

  • 1. Webinar Audio: You can dial the telephone numbers located on your webinar panel. Or listen in using your headphones or computer speakers. Tax Compliance in the Wake of COVID-19: What’s Changed? We will begin shortly. Welcome! Live Webinar:
  • 2. • Presentation is roughly 1 hour • All phone lines are muted • If anyone has any questions during this webinar – please type them in your Questions Box located at the bottom of your webinar panel Webinar Details
  • 3. Presenters Daniel Petry | Avalara Strategic Development Peter Conway | Net at Work Senior Account Manager
  • 4. 250+ Business Technology Architects and Consultants IT Road Mapping & Strategic Planning Business Process Review Ecosystem BI, Analytics & Reporting Cloud & IT Managed Services ERP/ Accounting Web Development & e-Commerce Sister Company Payment Processing SWYPE Sister Company CRM & Marketing Automation HRMS/ Employer Solutions Document Management Nonprofit Solutions Managed Print Services Sister Company Cloud / Hosting
  • 5. COVID-19 Tax Relief: What You Need to Know 5
  • 6. U.S. Federal Tax Relief Measures • Tax Day moved from April 15 to July 15 for income taxes • No late fees or penalties incurred • Individuals can defer up to $1 million of the tax due for 2019; C corps can defer up to $10 million • Federal Reserve slashed interest rates “close to zero” ©Avalara. Confidential and proprietary.
  • 7. States Adopting July 15 as State Income Tax Deadline ©Avalara. Confidential and proprietary. • Rhode Island • South Carolina • Utah • Vermont • Virginia (June 1) • Wisconsin • Washington, D.C. • Alabama • Arkansas • Arizona • California • Colorado • Connecticut • Delaware • Georgia • Hawaii • Idaho • Indiana • Iowa (July 31) • Kansas • Kentucky • Maine • Maryland • Minnesota • Missouri • Montana • Nebraska • New Mexico • New York • North Carolina • North Dakota • Oklahoma • Oregon • Pennsylvania
  • 8. Louisiana • Sales and excise tax deadlines automatically extended to 5/20 • Penalties and interest waived for late sales tax remittances Illinois • Automatic short-term relief from penalties and interest for food and drinking establishments with less than $75,000 in sales tax liability in 2019 • Chicago pushed tax payment due date to 4/30 for amusement tax, bottled water tax, checkout bag tax, hotel accommodation tax, parking tax, and restaurant tax Alabama • Late payment penalties waived for certain small retail businesses • 30-day suspension of International Registration Plan and International Fuel Tax Agreement requirements ©Avalara. Confidential and proprietary. 8 State-Specific COVID-19 Efforts
  • 9. Washington, D.C. • Interest and late payment penalties for sales and use taxes waived for periods ending 2/29 and 3/31 • Businesses must file timely monthly and quarterly sales and use tax returns to qualify • Deadline for 2019 District of Columbia individual and fiduciary income tax returns, partnership tax returns, and franchise tax returns extended to 7/15 South Carolina • State income tax deadline pushed to 7/15 • Due date for other tax returns and payments (e.g., admissions tax, sales and use tax) extended to 6/1 • Interest and penalties waived if payment made by 6/1 • Charleston has suspended collection of hospitality and accommodations taxes for 90 days. New York • Penalty and interest waived for quarterly and annual sales tax filers unable to file or pay by 3/20. • New York City taxpayers may request a waiver of penalties on late-filed extensions or returns of business and excise taxes ©Avalara. Confidential and proprietary. 9 State-Specific COVID-19 Efforts
  • 10. Other Noteworthy State Tax Relief Measures • Vail, Colorado: Suspended sales tax collection until further notice to allow those funds to fuel cash flow for businesses • Puerto Rico: Exempted certain COVID-19 related products (e.g., face masks, disinfectant) and foods from sales and use tax ©Avalara. Confidential and proprietary.
  • 11. Turkey • VAT return and filing deadlines extended until June 27, 2020 • VAT rates cut on domestic flights and hotel accommodation Germany • Businesses may apply for VAT payment postponement until December 31, 2020 United Kingdom • All VAT payments deferred until the end of June 2020 (File returns on time) • Any deferred VAT is due by March 31, 2021 ©Avalara. Confidential and proprietary. 11 Global Tax Relief Efforts Norway • VAT rate cut from 12% to 8% on public transport, cinema, sporting and cultural events. • VAT payment deferred from April 14 to June 10 China • VAT rates cut on medical services, catering and accommodation services, sundry personal services (e.g., hairdressing, laundry), and public transport
  • 12. • Avalara’s tax relief roundup blog https://www.avalara.com/us/en/blog/2020/03/coronavirus-tax- relief-roundup.html • Avalara’s COVID-19 VAT cuts blog https://www.avalara.com/vatlive/en/vat-news/world-turns-to- vat-cuts-on-coronavirus-threat.html • AICPA state-filing guidance for coronavirus https://www.aicpa.org/content/dam/aicpa/advocacy/tax/downl oadabledocuments/coronavirus-state-filing-relief.pdf • Avalara.com ©Avalara. Confidential and proprietary. 12 Keep up with the latest on COVID-19 tax relief
  • 13. Please type in your questions Any Questions? Featured Webinar: Monday, April 6 | 2pm ET Maintaining Business Continuity: Steps & Best Practices in Optimizing for a Remote Workforce Register Online Today: netatwork.com/events
  • 14. Connect with Net at Work: (P) 800-719-3307 www.netatwork.com netatwork.com/blog Net at Work YouTube Follow us on Twitter: @netatwork_corp Follow Net at Work on LinkedIn Follow Net at Work on Facebook Contact your Net at Work Account Manager for any questions or concerns. Or you can reach out to us via the information below! Thank You For Attending!