Small Business Resources

Small Business Resources

This information has been compiled and provided by Boscia & Boscia, PC

In this unprecedented time dealing with the COVID-19 pandemic there has been a lot of governmental assistance. Everyday there are news updates and things are constantly changing. We are receiving tons of calls, emails, and texts which is expected in such uncertain times. However, most or all of your questions could be answered with the following governmental sources below and useful PDF attachements.

Hopefully this helps bring some clarity and useful tools to assist you during this time.

Automatic Tax Extension

  • IRS Tax Deadline is July 15th (most states follow this deadline, including New York & New Jersey)
    *We are strongly encouraging clients to get their taxes prepared ASAP – Do NOT wait until July 15th

Online Applications: SBA Loan Programs

  • New Jersey (NJEDA) Small Business Emergency Assistance Grant Program *Application is Closed*

Online Applications: Unemployment

Useful Reference Links Below & PDFs (Attached):

New Jersey Deadlines
The New Jersey Division of Taxation has published a comprehensive list of return due dates. Here are some highlights:

What’s been extended:

  • 2019 gross income tax returns and payments, including trusts
  • 2019 corporate business tax returns and payments
  • First quarter 2020 GIT/CBT estimated tax payments
  • First quarter 1041 estimates
  • Partnership returns and payments
  • Partnership filing fees and licensed professional fees

Penalties and interest will not be imposed on the balance of 2019 income tax due between the original due date and July 15. 

What has NOT been extended:

  • Second quarter 2020 estimated tax payments
  • Sales and use tax filings and remittances
  • Payroll tax remittances
  • Inheritance taxes
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