Monthly Archives: May 2020

Individual Income Tax Provisions of the CARES Act

The Coronavirus Aid, Relief, and Economic Security Act, known as the CARES Act, was signed on March 27, 2020.  The CARES Act includes several provisions related to individual income tax. This article discusses a few of those individual tax provisions... Read More

What Do I Need to Know About PPP Loan Forgiveness?

Congress designed the Paycheck Protection Program (PPP) to help businesses maintain their workforce, and as a result, maintain employee paychecks.  In addition, the PPP allows employers to receive funds to cover a designated amount of other qualified expenses, such as... Read More

The CARES Act Payroll Tax Relief – Four Provisions

The emergency tax legislation passed in response to COVID-19 significantly impacted payroll, payroll taxes, and related credits. The main purpose of the legislation was to get cash into the hands of employees. As such, government funding of payroll was key. Significant funding occurred... Read More

Natural Disaster Related Employee Retention Credit

U.S. tax laws provide for two separate types of Employee Retention Credit related to qualifying natural disasters. One credit, provided in the CARES Act, is an Employee Retention Credit claimed as a credit against payroll taxes for employers due to... Read More