The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) (the Act) includes provisions that provide loan funds to businesses, including not-for-profits (NFPs), to assist them with urgent and immediate financial needs caused by the pandemic.
On March 27, 2020, the President signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2.2 trillion economic stimulus package legislated to provide immediate relief for nonprofits, businesses, individuals and state and local governments in response to the COVID-19 pandemic.
This article is part of a continuing series updating our clients regarding the effects on tax filings due to COVID-19.
In the short time the coronavirus has spanned the globe, cash has become the coveted asset of choice.
This Alert provides recently-issued information issue by the IRS which effects and extends the timing of when retirement plan documents need to adopted.
This article addresses the payroll tax provisions, specifically the payroll tax deferral and the employee retention credits.
The COVID-19 pandemic has turned everyone’s world upside down. Our families, our businesses, our wealth, life as we knew it has changed.
COVID-19 Update – Excerpt from Notice 2020-18 — Relating to IRAs, Work-based Retirement Plans, Health Savings Accounts (HSAs) and Archer Medical Savings Accounts (MSAs)
By Louis F. LiBrandi, EA, CEBS, ChFC, TGPC, Principal This Alert includes recently-issued information in Notice 2020-18, which the IRS developed […]
The reduction of revenues or lack thereof has caused enormous strain on the owners of hotels, restaurants, and catering facilities.