If you are a small business that has experienced disrupted operations due to the COVID-19 pandemic, you now have additional time to make your sales, use and withholding tax monthly payment. That’s the word this afternoon from the Michigan Department of Treasury.
Effective immediately, small businesses scheduled to make their monthly sales, use and withholding tax payments on March 20th can postpone filing and payment requirements until April 20th. The state Treasury Department will waive all penalties and interest for 30 days.
Michigan Gov. Gretchen Whitmer says, “The past week has been hard for small businesses owners across the state as we work to mitigate the spread of coronavirus,” and adds, “Allowing them more time to pay their monthly tax payments will help us provide some much-needed assistance. I will continue doing everything I can to ensure our small businesses have the support they need during this time. We will get through this together.”
Specific information about Treasury providing tax assistance to small businesses due to COVID-19 can be found in the waiver notice at this link:
MI-Penalty-and-Interest-Waiver
State Treasurer Rachael Eubanks says, “Our small businesses are important drivers of Michigan’s economy,” and adds, “This change will provide some help to businesses as they navigate their way through this state and national emergency.”
The waiver is not available for accelerated sales, use or withholding tax filers. Businesses with questions should call the Treasury Business Tax Call Center at 517-636-6925.
To learn more about Michigan’s taxes, you can go online to www.michigan.gov/taxes or follow the state Treasury Department on Twitter at @MITreasury.
Information around this outbreak is changing rapidly. The latest information is available at Michigan.gov/Coronavirus and CDC.gov/Coronavirus.
