Last week, the City of Philadelphia announced a COVID related relief option which includes the ability for Philadelphia based businesses to amend their 2019 BIRT if they overestimated their 2020 estimate and the ability for restaurants to amend their November & December U&O returns to exclude the dining area from the calculation.
If you are a Philly business impacted by the recently enhanced restrictions, reach out to your accountants ASAP to determine how these announcements impact you.
https://www.phila.gov/documents/coronavirus-tax-guidance/
Erin Arvedlund of The Philadelphia Inquirer’s Business Desk wrote an article about this on Monday, December 7th. Brinker Simpson’s Kristen McCabe was interviewed and featured in it. Read the article HERE
Please reach out to cares@brinkersimpson.com with questions.