Stay-at-Home Order; LDR Extensions; and more
Monday, March 23, 2020
Posted by: Ann Lupo
Hard at work to keep everyone working.
We know your email box is flooded with news on COVID-19. That’s why our focus has been dedicated to bringing you information on the latest federal and state tax updates and other issues impacting you and the businesses and taxpayers you serve. We’re getting your calls, emails, texts, and we hear you. Our staff is working remotely 24/7 to communicate with various federal, state, and local government agencies on solutions and to communicate the information in timely and verified manner.
We’re on it. We will continue to monitor, assess, and advocate for you and provide you with information you can trust.
Governor's Stay-at-Home Order and Accounting Services
Yesterday, Governor John Bel Edwards issued Proclamation Number 33 JBE 2020, a "stay-at-home" advisory and ordered all "non-essential" businesses to close their doors and move to remote-only work. Please refer to Section 5 of this order for exceptions to the general rule.
LCPA has petitioned the Governor for clarity on whether accounting and tax services are included as essential services under the guidance from the Cyber and Infrastructure Security Agency (CISA). Our Advocacy Team is taking these steps to ensure our industry moves forward as uninterrupted as possible. We understand the critical work you do as trusted advisors to keeping our economy functional through the most turbulent times.
LDR RIB 20-009 Income and Franchise Tax Return Extensions and Other Matters Related to COVID-19
The purpose of LDR RIB 20-009 guidance is to provide filing and payment extension relief for income and franchise tax returns and payments due on April 15 and May 15, 2020, and to share other important information with our stakeholders.
State Board and the CPA Exam
Following Prometric's decision to temporarily close CPA Exam test centers throughout the United States and Canada for 30 days, the State Board of CPAs of Louisiana has agreed to grant everyone an extension to 09/30/20 on the NTS if they currently have a NTS expiring between 04/01/20 and 06/30/20.
The board additionally agreed to grant extensions of exam credits on a case-by-case basis for those candidates who have open NTS and expiring credits thru 06/30/20 if the candidate is harmed due to closed testing centers. All requests should go thru CPAES.
LCPA is working to provide more information on the challenges of implementing adjusted work arrangements, handling employee health concerns, and preparing for potential layoffs particularly in light of the passing of H.R. 6201 The Emergency Family First Coronavirus Response Act.
Local Property Tax Reporting Forms
LCPA is aware of members’ concerns regarding the filing of LAT-5 forms used to report general business assets, and we are seeking further guidance on any possible filing extensions.
The Governor’s proclamation JBE 2020-30 extends all legal deadlines set forth by law within Title 47 of the La. Revised Statutes, Revenue & Taxation (Section 5:A.13.) until at least April 13, 2020.
The April 1st LAT-5 filing deadline is set forth in La. R.S. 47:2324. Therefore, it appears that JBE 2020-30 does extend the LAT-5 filing deadline to April 13, 2020. However, we suggest filing the LAT forms by April 1st, if possible, to avoid any potential issues. Refer to the Statute regarding written requests for extension.
AICPA-led Coalition Pushes Congress for Small Business Funding
Barry Melancon, CPA, CGMA, CEO of The Association of International Certified Professional Accountants, announced the establishment of a coalition with Paychex, Intuit, and the International Franchise Association, to urge the administration and Congress to create a payroll fund that can be distributed to small businesses using the current payroll processing systems many companies use today. Read the coalition’s proposal.
Questions about the content of this Alert should be directed to LCPA State Government Relations Director Linda Babin.