Working from home has many benefits – but comes with a host of challenges as wellGiven the current health environment, your ability to balance family and life is being challenged in ways you’ve likely never experienced. With many employers instituting a work from home policy, you now need to adapt to a new way of working, connecting, and telecommuting. Our team members at Wilmington Trust are right there with you, with a majority of our staff now facing this new way of working.
The Federal Tax Code permits the postponement of certain tax deadlines by reason of Presidentially declared disaster actions. On March 13, 2020, President Trump issued an Emergency Declaration (COVID-19 Emergency) to the Treasury Secretary to provide relief from certain specific tax deadlines. Please note this only applies on the Federal level. State income tax deadline and payments may still be due, although some states have already granted similar extensions.
Financial experts weigh in to help guide business owners if sales, supply chains, spending, hiring, and planning are negatively affected by the COVID-19 pandemic.Survey reveals deterioration of national economic sentiment from 78% to 48% within one week.81% of survey respondents have experienced direct or indirect impacts on their business due to the virus outbreak.83% view the outbreak as either a “serious” or “extremely serious” threat to the global economy.