The IRS issued guidance about provisions from the CARES Act regarding PPP loans. Certain deductions aren’t allowed if a business has received a PPP loan.
https://blog.fiducial.com/wp-content/uploads/2020/05/FiducialBlogImage--PPPLoan_e919cb887c1cc66b3fd37fb7cb7687d5_2000.jpg292560Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2020-05-27 13:00:112020-05-27 13:04:58Fortunate Enough to Get a PPP loan? Forgiven Expenses Aren’t Deductible
In order to incentivize charitable giving, the CARES Act made some changes. Good news for businesses: charitable deduction rules are even more favorable.
https://blog.fiducial.com/wp-content/uploads/2020/05/FiducialBlogImage--GuysHoldingCOVID-19Sign_bba89c944f781fa0e90cd7f3ed225169_2000.jpg13332000Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2020-05-22 13:00:132020-05-22 13:05:34Coronavirus-Related Tax Relief for U.S. Families and Individuals
Fiducial has a look at how Congress modified net operating loss tax rules under the CARES Act. These changes may provide relief from the COVID-19 crisis.
https://blog.fiducial.com/wp-content/uploads/2020/05/FiducialBlogImage--NetOperatingLoss_94984b2c553acf5e52c8d85141c89e76_2000.jpg292560Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2020-05-20 13:00:112020-05-20 13:03:35Net Operating Loss Tax Changes Provide Relief Through CARES Act
https://blog.fiducial.com/wp-content/uploads/2020/05/FiducialBlogImage--DeferredPayrollTaxes_a591019aef9b0ba0d3a7ddf5dd8551e1_2000.jpg13332000Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2020-05-08 13:01:022020-05-08 14:26:24Deferred Payroll Taxes for Employers Due to COVID-19 Pandemic
The CARES Act has tax-related provisions for business hit by the COVID-19 crisis. It will ialso mpact financial reporting. Fiducial has the scoop on how.
The Dept. of Labor issued temporary regulations for the emergency paid sick and family leave. Theses regulations are provided under the FFCRA and CARES Act.
https://blog.fiducial.com/wp-content/uploads/2020/05/FiducialBlogImage--TemporaryRegsCOVID-19_3ba21cf408a1a6698b477f72ede5f6fa_2000.jpg292560Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2020-05-04 13:00:552020-05-04 13:02:37Paid Sick or Family Leave, Health Plans Addressed by Temporary Regs