The COVID-19 pandemic has changed the state and local tax practice in significant ways including tax agencies, pandemic information glut, virtual client meetings and new schedules and environments.
One such impact is the host of new issues to navigate, causing the practitioners to be flexible with deadlines and requirements. But this is not always the case.Read More
Breen spoke to Law360 and said that Illinois filing deadlines and use taxes are statutory unlike other states where these laws have been pushed back. “They can’t [push back deadlines]. So they’ve tried to find a workaround. That’s all they can do; then you have to take what you can get.”
In regards to virtual client meetings, Breen spoke about how the HMB Salt Team brainstormed for new ways to connect among themselves and with clients that went beyond the use of video calls. The team landed on putting out weekly webinars.
Breen said, “We spent a lot of time putting something together in the beginning, and we’ve been doing it weekly. That’s a huge need, and it’s another stressor on top of their other stress, so we’re trying to fulfill that need in some way.”
HMB Legal Counsel will continue to provide updates as the situation evolves. The ongoing issues related to the spread of the Coronavirus (COVID-19) have had and will continue to have a significant impact on individuals, families, businesses and markets. Visit our collection of resources providing guidance during these fast-changing circumstances. Please reach out to your lead team member to answer specific questions.