MRA IRS Updates, CARES Act, FDA Update and Navigating To Go Sales Webinar

April 13, 2020

Massachusetts Restaurant Association

IRS issues a number of announcements

New FAQs Re: Employer Payroll Tax Deferral through December 31, 2020

The CARES Act allows employers to defer the deposit and payment of the employer's share of social security taxes and self-employed individuals to defer payment of certain self-employment taxes. These FAQs address specific issues related to the deferral of these taxes.
FAQ Link: https://www.irs.gov/newsroom/deferral-of-employment-tax-deposits-and-payments-through-december-31-2020

Extensions of Tax Filing, Payment, and other Deadlines

Treasury and the IRS announced more extensions of tax filing, payment, and other deadlines.
The IRS press release is here: https://www.irs.gov/newsroom/irs-extends-more-tax-deadlines-to-cover-individuals-trusts-estates-corporations-and-others
The full notice detailing the extensions follows: https://www.irs.gov/pub/irs-drop/n-20-23.pdf
Net Operating Loss Guidance and Reminder on Electronic Options for Tax Returns: https://www.irs.gov/newsroom/irs-provides-guidance-under-the-cares-act-to-taxpayers-with-net-operating-losses
Finally, the IRS issued a reminder about electronic options for tax returns, refunds, and payments: https://www.irs.gov/newsroom/irs-urges-taxpayers-to-use-electronic-options-outlines-online-assistance
This could be a helpful option for those amending returns due to NOL, QIP, or other reasons.

FDA Update

“Best Practices for Retail Food Stores, Restaurants, and Food Pick-Up/Delivery Services During COVID-19 .

Following is a link to the update: https://www.fda.gov/food/food-safety-during-emergencies/best-practices-retail-food-stores-restaurants-and-food-pick-updelivery-services-during-covid-19

Webinar: Navigate and Elevate Alcohol to-go sales

E.&J. Gallo Winery have put together a presentation for restaurants on how to sell wines retail during this crisis. Join us on Thursday, April 16 @ 10:00AM

I mportant Survey Reminder: How is COVID-19 impacting restaurants?

The National Restaurant Association Research Group developed a new survey designed to collect data that will inform our ongoing advocacy activities. Please take a few minutes to complete this survey. This information is important to both federal and state efforts moving forward, as it gets attention from both lawmakers and the media.

Complete survey here: Restaurant Impact Survey

https://myemail.constantcontact.com/Coronavirus-Daily-Update--4-13-20.html?soid=1011133167056&aid=xVjsI9lhYlg