The New COVID-19 Law Provides Businesses With More Relief
This article only explains some of the relief available to businesses. Additional relief is provided to individuals. Be aware that other rules and limits may apply to the tax breaks described here. Contact us if you have questions about your situation. This information was accurate as of 3/30/20.
Paycheck Protection Program Under The (“CARES Act”)
Do you have questions regarding the new Paycheck Protection Program? This is a just a brief overview of one section of the CARES Act. We will continue to share additional details on other provisions of the CARES Act that are relevant to you and your business in the coming days and weeks. This information was accurate as of 3/29/20.
CARES Act will Provide Billions of Dollars of Relief to Individuals, Businesses, State and Local Governments, and the Health Care System
After extensive negotiations between the U.S. House of Representatives, the U.S. Senate and the White House, an agreement has been reached on a massive stimulus bill to address the financial and health care crisis resulting from the Coronavirus (COVID-19) pandemic. We will share additional details on the provisions that are likely most relevant to you or your business in the coming days. This information was accurate as of 3/27/20.
Employee Leave Under the Families First Coronavirus Response
Congress passed and the president signed into law the Families First Coronavirus Response Act on March 18. The law allows employees time to care for themselves or loved ones and includes provisions for new tax credits to offset employers’ costs. However, the immediate need to pay employees on leave may still be difficult for organizations struggling with revenue losses. This information was accurate as of 3/27/20.
COVID-19 Tax Related Actions
If you have time to read about some non-medical, but important matters related to the health crisis, here is a summary of IRS action already taken and federal tax legislation already enacted to ease tax compliance burdens and economic pain caused by COVID-19. This information was accurate as of 3/25/20.
IRS Announces Income Tax Deferral
The IRS Announces that Income Tax Payments Due April 15 can be Deferred to July 15, Regardless of the Amount. Click here for more details. This information was accurate as of 3/24/20.
What COVID-19 Legislation Means for Nonprofits and Their Staffers
Whether your not-for-profit is newly deluged with demand for services or you’ve closed doors temporarily, it’s important to keep up with legislation responding to the coronavirus (COVID-19) crisis. On March 18, the Families First Coronavirus Response Act was signed into law to provide American workers affected by the pandemic with extended sick and family leave benefits. This information was accurate as of 3/25/20.
SBA Offering Loans to Small Businesses Hit Hard by COVID-19
Every company has faced unprecedented challenges in adjusting to life following the widespread outbreak of the Coronavirus (COVID-19). Small businesses face particular difficulties in that, by definition, their resources are limited. If this describes your company, click here to learn more. This information was accurate as of 3/25/20.
Coronavirus (COVID-19): Tax Relief for Small Businesses
Businesses across the country are being affected by the Coronavirus (COVID-19). Fortunately, Congress recently passed a law that provides at least some relief. Click here to learn more. This information was accurate as of 3/23/20.
Individuals Get Coronavirus (COVID-19) Tax and Other Relief
Taxpayers now have more time to file their tax returns and pay any tax owed because of the Coronavirus (COVID-19) pandemic. To learn more, click here. This information was accurate as of 3/24/20.