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Update 1

An important employment law, the WARN Act, is suspended in California for now. The WARN Act requires employers with 75 or more employees to provide 60 days’ written notice of a mass layoff, relocation or termination affecting 50 or more employees. CA Governor Gavin Newsom has issued an executive order suspending the law in light of the coronavirus (COVID-19) pandemic. Per the order, businesses must still provide employees with written notice, but are not subject to the 60-day advanced notice. Employers must give as much notice as practicable and must contain a brief statement that the termination is COVID-19-related. Here’s more: https://bit.ly/3aizZVA

Update 2

California Governor Gavin Newsom recently issued an executive order on the coronavirus (COVID-19) including certain tax relief. His order suspends interest and penalties for individuals and businesses who are unable to file a timely tax return or make timely payments due to compliance with COVID-19 guidance. Suspension gives taxpayers 60 days after the date of the order, which was March 12, 2020, and applies to tax and fees administered by the CA Dept. of Tax and Fee Administration (CDTFA). Affected taxpayers and feepayers need to request this relief by visiting the CDTFA website https://bit.ly/3ac1kss and following directions or by calling CDTFA at 1-800-400-7115.

If you have questions, please contact your Linkenheimer CPA.