ATTENTION: An Important Notice to Our Clients - View Message
Spina CPA

UPDATE 3/23/20

Governor Tom Wolf’s most recent order has dictated that certain and specific few industry segments can stay open in an updated industry operation guidance as of 3/20/20. Spina & Company, PLLC and other Accounting and Tax Services is a vital industry segment that has been allowed to stay open per the updated operation guidance.

Per the new guidance, Spina & Company PLLC, is now open and operational but not open to the public or taking any in person client meetings. Please continue to email and mail your tax documents and organizers. If you need to drop off tax documents and organizers please do so as we are here working at the office until further notice.

Spina & Company, PLLC- Tax and Accounting Clients

The IRS has extended the 2019 federal tax filing and payment deadline from 4/15/20 to 7/15/20. PA state has announced that all 2019 tax filings and payment deadlines will be extended to at least 7/15/20. We will continue to update our website: https://spinacpa.com/ as new information is released. Please reach out to the following staff member of the accounting firm if you need further assistance.

Spina & Company, PLLC Property Management- Tenants

UPDATE 3/23/20

Although your April Rent is still due April 1st, 2020, we acknowledge that our tenants may be experiencing difficult financial times amid the Covid-19 pandemic. As a remedy, we have decided to waive all late fees and absorb costs for E Check ACH transfers of $1/check and Credit/Debit Card payments of 3% of total rent.

Additionally, if you need an alternate payment schedule please contact property managers, Joseph Bernstein at jbernstein@spinacpa.com or Sameer Ahmed at Sameer@spinacpa.com as soon as possible. Please be advised that communication is still expected for any late payments of rent for April and moving forward.

A Message From Joseph Bernstein, Property Manager

As all of you are aware, our public health situation is rapidly changing. Yesterday, the Governor of Pennsylvania Tom Wolf, required all "non-life sustaining businesses" to fully close. As much as we would like to believe our services are essential, Spina & Company, falls under the list of "non-life sustaining businesses" and must wind down operations immediately.

This means we will not be able to attend to routine or non-routine maintenance. We will be checking emails from home and doing our best to return your calls. We could offer over the phone advice, including virtual assistance for basic issues (leaking sink/ clogged sink drain).

On clogs, we know some people do not have access to toilet paper because other people have hoarded it. This is a sad situation. Under no circumstances should you be flushing ANYTHING (paper towels, tampons, "flushable" wipes, napkins, tissues) besides toilet paper down the drain. These DO CAUSE clogs. We want you to be able to avoid clogs at all cost as we may not be able to unclog it for you.

Should there be a fire- call 911 and then the office line. Should there be a flood that is life threatening - call 911 followed by the office. 

In regards to payment of April 2020's rent, we will be emailing you the invoice for the April's rent and this will take you to a screen where you can either enter your banking information to pay by check or your credit card information.

The current situation is fluid for all of us. We are taking things day by day. We hope to be able to resume normal business operations and services as soon as we are allowed to.

CPA & Property Management Firm

2220 Fairmount Ave, Philadelphia, PA 19130

Monday - Friday:
9:00am - 05:00pm

2019 Tax Return Filing Updates

Federal Taxes

The Treasury Department and Internal Revenue Service announced that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020.

Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed. This deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax.

State Taxes

The Department of Revenue today announced the deadline for taxpayers to file their 2019 Pennsylvania personal income tax returns is extended to July 15, 2020. This means taxpayers will have an additional 90 days to file from the original deadline of April 15.

The Department of Revenue will also waive penalties and interest on 2019 personal income tax payments through the new deadline of July 15, 2020. This extension applies to both final 2019 tax returns and payments, and estimated payments for the first and second quarters of 2020.

Philadelphia Taxes

The Department of Revenue will honor the federal extensions granted to businesses from the IRS for filing and payments until July 15, 2020 for the Business Income and Receipts Tax and the Net Profits Tax. This policy includes estimated payments.

Stimulus Bill 2020

The bill provides for direct payments to Americans, giving individuals who make up to $75,000 a year checks for $1,200, couples making up to $150,000 payments of $2,400, and an additional $500 per child. The payments decrease for those making more than $75,000, with an income cap of $99,000 per individual or $198,000 for couples.

2019 Tax Return data will be used if a 2019 tax return is not filed then the 2018 tax return information will be utilized.

Please see the link below for specific information:
https://www.nytimes.com/article/coronavirus-stimulus-package-questions-answers.html

When to Pay Estimated Taxes

View the table below to see due dates for estimated taxes. If you are experiencing any tax issues, please contact us and talk to one of our tax experts today.

PAYMENT PERIOD Due Date
January 1 – March 31 April 15
April 1- May 31 June 15
June 1 – August 31 September 15
September 1 – December 31 January 15* of the following year
See January payment in Chapter 2 of Publication 505, Tax Withholding and Estimated Tax

Tax Tips and Links

View the tables below and use our helpful tax tips and links to gather the proper information for your tax needs. If you are seeking professional tax services, please contact us and speak to one of our experts today.

WHERE’S MY REFUND?
Federal Refund Status Learn More
Federal Amended Return Status Link Learn More
PA Refund Status Link Learn More
TAX YEAR 2018 TAX REFORM CHANGES
IRS News Learn More
2018 Tax Reform Explained Learn More
Tax Reform News Article Learn More