Coping with Covid 19: Embry and Watts, CPAs
With the Coronavirus/Covid-19 pandemic wreaking havoc across the globe, it seems no one is immune from making major changes in their lives both personally and professionally. Beech Tree News (BTN) is grateful for other businesses in our community that, when facing challenges related to Covid-19, have risen to be a bright spot during a difficult time. Recently, BTN asked many local businesses how the Covid-19 pandemic has impacted them. In a recent series of articles, we have featured those businesses that have responded. In this article, we feature Embry and Watts, CPAs.
Kendall Embry, CPA, explains that Embry and Watts, CPAs has been effected but “in a different way than most every other business. Payroll has slowed down some because not as many people are working. However, because of the CARES Act, we have been busier trying to figure everything out for our clients and community.”
The CARES Act is the Coronavirus Aid, Relief, and Economic Security Act, a law passed due to the financial hardships brought upon by the Coronavirus/Covid-19 pandemic.
“We have always tried to stagger our clients, so we don’t have people in together, to minimize their waits,” Embry says, “but because of Covid-19 we have had more people dropping their paperwork off, and us mailing them their returns when we have them finished.”
On March 20, US Treasury Secretary Steven Mnuchin announced that the deadline for filing U.S. income taxes had been moved from April 15th to July 15th to allow relief for those who would be making payments once their taxes were filed.
“We are still operating and trying to finish as many returns as possible by April 15,” Embry says. He adds, “although we are now very glad the deadline was extended to July 15th.”