The Paycheck Protection Program (PPP) has provided temporary funding for many businesses of various sizes and across many industries. Once borrowers have received approval and funding (if not sooner), they should focus on...more
5/18/2020
/ Best Practices ,
Business Necessity ,
CARES Act ,
Coronavirus/COVID-19 ,
Employee Retention ,
Full-Time Employees ,
Loan Forgiveness ,
Mortgage Interest ,
Paycheck Protection Program (PPP) ,
Payroll Expenses ,
Rent ,
Required Documentation ,
SBA ,
Small Business Loans ,
Utility Rates
The President recently signed into law the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act” or “the Act”). The following summarizes key tax provisions.
Business Tax Provisions -
Employee Retention...more
4/3/2020
/ CARES Act ,
Charitable Deductions ,
Coronavirus/COVID-19 ,
Employee Retention ,
Families First Coronavirus Response Act (FFCRA) ,
Internal Revenue Code (IRC) ,
Net Operating Losses ,
Payroll Taxes ,
Relief Measures ,
Retirement Plan ,
Tax Credits ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Deferral ,
Tax Relief