Important IRS Announcement | Filing and Payment Deadline

On Tuesday, March 17, Treasury Secretary Mnuchin announced a series of tax relief measures designed to assist taxpayers and tax preparers during the coronavirus (COVID-19) pandemic. On Wednesday, March 18, the Internal Revenue Service released Notice 2020-17 providing further information and clarity on what the extensions of time entailed. The two specific announcements made at the press briefing were:

1.    C Corporations can defer up to $10 million in tax payments for 90 days.

2.    All other taxpayers can defer tax payments up to $1 million in tax payments for 90 days.


The extension of time covers:

1.    Federal income and self-employment tax only

2.    Calendar year 2019 income tax returns only

3.    Calendar year 2020 first quarter estimated tax payments only
No additional tax returns, tax types, or periods covered are eligible for the relief.  Any tax returns originally due on the April 15 date must either be filed or extended, if an extension is normally available.

There will be no late payment penalties or interest on payments that were originally due on April 15 if made by the new July 15 deadline. Interest and penalties will begin to accrue on July 16 for these deferred payments.

We hope this will help you manage your personal or business cash flow and provide some much-needed relief during this uneasy time. Please contact us if you have any questions or want to discuss your tax return filing or payment options.

To read the IRS notice please  https://www.irs.gov/pub/irs-drop/n-20-17.pdf

In addition, states are offering relief for tax returns and tax payments due during the months of March-May.  The AICPA is keeping track of each state and we are also tracking this.  To see the state chart please visit the AICPA website for State Tax Filing Guidance for Coronavirus Pandemic:
https://www.aicpa.org/content/dam/aicpa/advocacy/tax/downloadabledocuments/coronavirus-state-filing-relief.pdf

As additional information is released or changes we will provide further information.

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Rose Financial Solutions Empowers Fractional CFOs and CPA Firms to Support Clients with Scalable, AI-Enabled Financial Infrastructure

September 4, 2025
Rose Financial Solutions (“ROSE®”), a pioneer in Finance as a Service ( FaaS ), today announced new strategic partnerships designed to empower fractional CFOs and CPA firms to support clients with scalable financial infrastructure. Through alliances with Apex Finance Solutions, CFO Advisory DC, CTM Partners, and Rubino & Company , ROSE is expanding access to scalable, AI -enabled solutions that simplify financial operations and amplify the value advisors deliver to growing businesses. “Fractional CFOs and CPA firms are critical growth partners for businesses, but they shouldn’t have to build financial infrastructure on their own,” said Ted Rose, President, CEO, and Founder of ROSE . “With these partnerships, we’re giving them access to enterprise-grade tools that drive efficiency, scalability, and insight—so they can remain focused on their most important role: trusted advisors.” At the center of these partnerships is ROSE’s Finance as a Service ( FaaS ) model, which integrates People, Process, Technology, Organization, and Data . This framework simplifies back-office operations while empowering financial leaders with real-time insights, audit-readiness, and proactive decision-making . All four partners now gain access to Easby ® , ROSE’s AI-powered, enterprise-grade automation platform that seamlessly integrates with accounting systems to transform financial data into actionable intelligence. Meet the Partners Apex Finance Solutions : Guides high-performing entrepreneurs with executive-level financial leadership. With Easby®, Apex enhances its strategic advisory capabilities through real-time data insights. CFO Advisory DC : Brings a global perspective from private equity, impact investing, and strategy consulting. Easby strengthens its ability to deliver operational excellence and scalable growth strategies. CTM Partners : Specializes in driving scalable growth and operational efficiency through financial leadership. By leveraging ROSE’s FaaS model, CTM expands client visibility and decision-making agility. Rubino : A Maryland-based CPA firm delivering audit, tax, and CFO consulting expertise (through their CAS – Client Accounting Services). By integrating Easby, Rubino enhances compliance readiness while delivering deeper client insights. “This is just the beginning of our CFO and CPA partner network buildout,” added Rose. “Our goal is to ensure every growth focused organization in the nation has access to the same level of sophistication and scalability as enterprise finance teams—without the cost or complexity. Our nationwide network will reshape the way financial leaders deliver trusted, data-driven advisory services.” About Rose Financial Solutions ROSE is a leading provider of Finance as a Service (FaaS – next generation of finance and accounting outsourcing) , helping businesses simplify financial operations by aligning People, Process, Technology, Organization, and Data . Its enterprise-grade AI-enabled automation platform, Easby® , transforms financial data into actionable insights, enabling companies to scale with confidence and agility. With ROSE and Easby, organizations achieve audit readiness, operational efficiency, and data-driven decision-making—redefining the future of finance and accounting. To learn more about how ROSE and Easby® can transform your financial operations, visit www.rosefinancial.com and www.easby.ai . Ready to empower your firm with enterprise-grade financial infrastructure? Contact us today to explore partnership opportunities.

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