by Kyle Kmiec, CPA | Dec 14, 2020
Reading Time: 2 minutes As of March 27, 2020, the Coronavirus, Aid, Relief and Economic Security Act (CARES Act) was passed due to the needs caused by the global COVID-19 pandemic. The act includes several tax provisions to provide relief and cash flow to businesses...
by Brad Cummings | Apr 15, 2020
Reading Time: 2 minutes One of the highlights of the recent $2 trillion CARES Act is the Paycheck Protection Program (PPP). The PPP is a loan designed to provide small businesses with the funds necessary to navigate the effects caused by COVID-19. The PPP loans are...
by Eric Teachout and Michael Arnell, CPA | Mar 31, 2020
Reading Time: 5 minutes COVID-19 Tax Update The CARES Act includes many income tax implications for both businesses and individuals. Below are summaries of the top provisions from this new legislation. Section 2303 – Modifications for net operating losses The...
by Lori Lato, CPA | Mar 31, 2020
Reading Time: 6 minutes COVID-19 Funding Opportunity In order to severely limit the COVID-19 health risks on the more than 330 million Americans, the United States Government requested millions of Americans to fight this virus by staying home because the existing...
by Natasha Erskine, CPA | Mar 30, 2020
Reading Time: 4 minutes COVID-19 Benefit Plan Opportunities The CARES Act includes retirement-based provisions which ease retirement plan hardship and loan regulations in order to make retirement funds available to individuals impacted by the pandemic. The final bill...
by Linda Pierce, CPA | Mar 30, 2020
Reading Time: 5 minutes Congress passed legislation that allows companies to delay and/or retain payroll taxes in order to be reimbursed for the expense of paid leave for COVID-19 reasons or to assist companies in keeping employees on the payroll. Tax Credits for...
by Bryan Valencia | Sep 15, 2023
Reading Time: 2 minutes From now until the end of 2023, at the earliest, the IRS has announced that they will delay the processing of any new claims for the Employee Retention Credit (ERC) program. The employee retention credits were established through the CARES Act...
by Amanda Wood | Jun 23, 2023
Reading Time: 3 minutes The ERC is a tax credit that helps businesses retain employees during challenging times by providing a credit against employment taxes. It’s designed to support companies facing financial challenges like the COVID-19 pandemic. The credit...
by Kyle Kmiec, CPA | Dec 8, 2022
Reading Time: 2 minutes The Tax Cut and Jobs Act (TCJA) signed into law in late 2017, made some of the most significant tax regulation changes in decades and created many new planning opportunities for contractors. Changing entity types, accounting methods, new...
by Scott Contreras | Jan 17, 2022
Reading Time: 2 minutes Congress has passed several different programs to keep people employed when companies were dealing with the impacts of COVID., such as the Employee Retention Credit (ERC). The ERC was originally introduced under the CARES Act, but the...
by Kyle Kmiec, CPA | Dec 13, 2021
Reading Time: < 1 minute As a follow-up to our previous article, 2021 Tax Planning Opportunities for the Construction Industry, additional coronavirus relief-related legislation has been passed in addition to the CARES Act. Because many businesses face unparalleled...
by Kyle Kmiec, CPA | Dec 10, 2021
Reading Time: 2 minutes The Tax Cut and Jobs Act (TCJA) signed into law in late 2017 made some of the most significant tax regulation changes in decades and created many new planning opportunities for contractors. Changing entity types, accounting methods, new...
