by Brian Hare, CPA, CGMA | Apr 11, 2020 | COVID-19
Employers are eligible for business tax provisions like the payroll tax credit under the CARES Act. This includes a 50 percent refundable payroll tax credit on qualified wages [up to $10,000] with respect to each employee during the crisis. The credit is available to...
by Brian Hare, CPA, CGMA | Apr 11, 2020 | COVID-19
Many people are familiar with tax credits for individual taxpayers, such as the credits for higher education expenses or the child tax credit. But businesses and business owners also may be eligible for some valuable credits that can lower their tax bills. Here are...
by Brian Hare, CPA, CGMA | Apr 11, 2020 | COVID-19
The coronavirus (COVID-19) outbreak has had a crippling effect on the global economy. This is clearly uncharted territory. As millions around the globe do their best to minimize their exposure to the virus, business owners and managers face an uncertain and stressful...
by Brian Hare, CPA, CGMA | Apr 11, 2020 | COVID-19
Questions from employers and employees about coronavirus (COVID-19) pandemic are multiplying almost as fast as the virus itself. Employers need to rely on a combination of authoritative legal and medical advice, and their own common sense, to keep employees safe and...
by Brian Hare, CPA, CGMA | Apr 11, 2020 | COVID-19
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020. In addition to giving people access to health care treatments, the new law will provide roughly $2 trillion in much-needed financial relief to individuals,...
