Insights
COVID-19 Legislation Impacts Estate Planning and Wealth Transfer Strategies
COVID-19 Tax Planning Update During these challenging times, we are often thinking of our family members. Some of us are at home with our entire family together in the same house, while others must live apart. No matter what your situation is, times like these...
How Can Your IT Department Make the Most of COVID-19?
These past several weeks have produced many challenges for IT organizations across the world. In addition to supporting operations in a truly unprecedented environment, many have had to implement new processes and tools in order to enable a now remote workforce to...
What Are the CARES Act’s Changes to Section 163(j)?
COVID-19 Tax Planning Update We are hearing this question more and more now that the CARES Act has passed—are there other tax planning items to examine to minimize the amount of paperwork? Section 163(j) received a major overhaul with the 2017 Tax Cuts and Jobs Act...
IRS Provides Form 5500 Relief for Filings Due Before July 15, 2020
COVID-19 Benefit Plan Opportunities The Pension Benefit Guaranty Corporation (PBGC) announced the IRS has extended deadlines for upcoming premium payments and other filings with the agency. This extension only applies to filings due before July 15, 2020. It does...
How Does the CARES Act Affect R&D Tax Credits?
One of the questions we are getting from clients is “If my business has had some recent losses, but we also think we may be eligible for the research and development credit, how does the CARES allow us to maximize the cash tax refunds?” The recent CARES Act that...
How Can I Generate Tax Refunds and Cash Flow For My Business?
COVID-19 is changing our daily lives in terms of medical safety and how we conduct business. At Calvetti Ferguson, many of our clients have reached out with questions about their businesses, since after all, businesses pay employees, and employees buy goods and...
CARES Act: Are U.S. PE Middle Market Firms Left Out?
COVID-19 PPP Loans Update 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...
Major Disruption Survival Guide For Construction Contractors
COVID-19 Construction Update This guide will help construction contractors navigate through six key areas of business during a major disruption (like the current global health pandemic) to mitigate risks and strengthen finances and operations. Overall Business and...
Texas Comptroller Extends Franchise Tax Deadline
COVID-19 Tax Update The Texas Comptroller announced April 2, 2020, that his agency is automatically extending the due dates for all 2020 Texas franchise tax reports to July 15 so it is consistent with the Internal Revenue Services (IRS). Since this is an automatic...
