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Tag: CARES Act

Details of New Coronavirus Relief Legislation

As key provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act are set to expire, lawmakers introduced the $900 billion Consolidated Appropriations Act, 2021. Following last night’s Senate

Year-End Tax Strategies Amid an Unusual Year

Like so many things this year, the recommended practices for your annual end-of-the-year tax planning reflect the COVID-19 pandemic and its far-reaching effects. The economic impact, as well as federal

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Red Flags When Borrowing From Your Retirement Plan

The COVID-19 pandemic has resulted in many people borrowing from their companies’ qualified retirement plans, and the Coronavirus Aid, Relief, and Economic Security (CARES) Act provides some temporary rule changes

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Five Key Points About Bonus Depreciation

You are probably aware of the 100 percent bonus depreciation tax break that is available for a wide range of qualifying property. Here are five important points to be aware

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Excess Business Losses Under the CARES Act

The Coronavirus Aid, Relief and Economic Security (CARES) Act made changes to excess business losses. This includes some changes that are retroactive, and there may be opportunities for some businesses

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The Possible Tax Consequences of PPP Loans

If your business was fortunate enough to receive a Paycheck Protection Program (PPP) loan in connection with the COVID-19 crisis, you should be aware of the potential tax implications. PPP