Create law in the calendar year 2020 FLOYD PAGUIO APRIL is the busiest month for most accountants, if not all, as the deadline for filing of the annual income tax return (AITR) of registered entities falls on or before the 15th day of the 4th month following the close of the taxpayer’s taxable year (April 15) for entities reporting on a calendar year (December 31). Adding to the heavy workload of accountants are certain recent critical developments affecting the completion of financial statements and audit such as the implementation of a stricter community quarantine status, the nonextension of the April 15 deadline and the enactment of Republic Act 11534 (Create Law).