Tag: Taxes
Providence extends deadline for homestead recertification
PROVIDENCE – The city has extended the homestead recertification application deadline until Feb. 21, 2021, to accommodate residents who may receive their mail notifications...
Retirement interrupted?
1. Has the COVID-19 pandemic disrupted tax and retirement planning for your business?
No: 63%
Yes: 38%
2. What measures did you take to address the disruption?...
Fear of heftier estate tax has R.I.’s wealthy worried
The potential of higher taxes on gifts and estates after Democrat Joe Biden enters the White House in January is giving a lot of...
Tax questions over PPP loans remain unresolved
Accountants who helped shepherd businesses through the process of obtaining federal Paycheck Protection Program loans this year are now cautioning them to not assume...
House Finance Committee to consider breaking with CARES Act tax provisions
PROVIDENCE – The House Finance Committee on Wednesday will take up a proposal to break away from federal tax provisions outlined in the Coronavirus...
R.I. Taxation Division grants 1-month extension on quarterly tax filings
PROVIDENCE – Seeking to offer financial relief to struggling taxpayers amidst the COVID-19 pandemic, the R.I. Department of Revenue’s Division of Taxation has postponed...
DOR: March revenue $53.4M above expectations
PROVIDENCE – While state revenue sources are expected to take a significant hit amid the economic shutdown prompted by the new coronavirus, that was...
Despite extension, state income tax returns on par with prior year
PROVIDENCE – While state personal income tax returns aren’t due for another three months, the number of current and former residents who have already...
R.I. extends tax filing deadlines to July 15 due to COVID-19...
PROVIDENCE – No penalties or interest will apply to individuals and certain business entities who file tax returns and pay balances due on or...
Legislators eyeing short-term borrowing to cover delayed revenues
PROVIDENCE – The closure of restaurants, bars, hotels, casinos and other businesses amid the coronavirus pandemic will result in less sales tax and income...
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