NYS Response to COVID-19 Outbreak

Dear Members:
 
On behalf of the Massapequa Chamber of Commerce, we will strive to provide you - our valued member businesses - with the most updated information as it becomes available to us during this evolving situation. Most recently, we have received the following updates regarding the COVID-19 outbreak and the State's response to the crisis. We hope that you will find this information helpful, and that it may assist you in navigating throughout this challenging time. 
 
NYS Extends Quarterly Sales Tax Payment Deadline
 
  • Tax Commissioner extends deadline to abate penalties and interest to June 22nd, 2020
  • Second extension of this payment deadline, which is normally March 20th
  • Initially extended to May 20th by NYS due to Coronavirus pandemic

The New York State (NYS) Department of Taxation and Finance extended the payment deadline for quarterly and annual sales and use tax once again, setting a new due date of June 22nd, 2020. Previously, NYS had extended the payment deadline from its normal due date of March 20th to May 20th in response to the economic hardships caused by the Coronavirus pandemic. As previously reported, many in the business community, especially small businesses, struggled to find the operating cash from which to make their sales and use tax payments as the May 22nd deadline approached, as many remained shut down due to social distancing orders. The one-month extension has been viewed as an optimistic prediction that a healthy portion of businesses will be operational by the time the June 22nd deadline comes around.

As unemployment numbers continue to climb and businesses remain hopeful that additional relief is on the way from Congress, it remains unclear if this deadline will once again be extended as well as if the quarterly sales tax payment deadline for Q2 will need to be adjusted as well. Be sure to check out the DSJCPA COVID-19 Information Center to stay up to date as amendments continue to be made to this tax filing and more.

(Information courtesy of DSJCPA, Anthony Perrone Financial Services Partner, 1400 Old Country Road, Suite 310E, Westbury NY 11590, 516-541-6549)

Paid Leave Bill Signed into Law

In announcing passage of the bill, Assembly Speaker Heastie described its provisions as follows: "In order to help protect New York's workers and to curb the spread of COVID-19, this legislation will make all private and public sector employees eligible for sick leave and wage replacement during a mandatory or precautionary order of quarantine or isolation due to COVID-19."

Employees that work for small sized employers, which includes employers with 10 or fewer employees and that have a net income of less than $1 million, would receive unpaid sick leave and immediately become eligible for Paid Family Leave and Temporary Disability Insurance (TDI) benefits.

Those working for medium sized employers, which includes employers with 10 or fewer employees that have a net income of greater than $1 million and employers with between 11 and 99 employees, would receive at least five days of paid sick leave, followed by eligibility for Paid Family Leave and TDI benefits.

Those working for employers with 100 or more employees, as well as all public employees, would receive a minimum of 14 days of paid sick leave.

The bill will allow these employees to collect Paid Family Leave benefits, supplemented by increased TDI benefits to make their weekly wages whole, for those who earn up to a maximum of $150,000 annually. Additionally, it eliminates the waiting period for these benefits, as well as for unemployment insurance for claims related to the coronavirus. It also expands Paid Family Leave benefits to cover an employee or their dependent child if they are under a mandatory or precautionary order of quarantine or isolation due to coronavirus."

CLICK HERE to read the bill text. (Must use a current supported browser.)
 
Changes in Filing for Unemployment

The NYS Department of Labor is adding staff and waiving the seven-day waiting period for claimants to file if they have lost jobs due to coronavirus. Based on the first letter of an applicant's last name, people can file in the following schedule: A-F on Mondays; G-N on Tuesdays; O-Z on Wednesdays. Visit the DOL website for information and updates: https://www.labor.ny.gov/home/

Recommended Resource

The Business Council of the State of New York has compiled resources of value to NYS employers during the pandemic: https://www.bcnys.org/managing-coronavirus