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Daily Archives: May 14, 2020

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CARES Act: 5 Business Provisions that may Help with Cash Flow

Cares Act: 5 Business Provisions That May Help With Cash Flow

Blog, Business Owner/Self Employed, Coronavirus, TaxBy Editorial TeamMay 14, 2020

The CARES Act created additional business provisions for bonus depreciation, student loans, limitations on losses and business interests, as well as alternative minimum tax (AMT) credits.

IRS to Allow Mid-Year Changes to Health Care Plans, FSAs

IRS to Allow Mid-Year Changes to Health Care Plans, FSAs

Blog, Coronavirus, InsuranceBy Editorial TeamMay 14, 2020

The IRS will let employers allow mid-year changes to their employer-sponsored health care and dependent care elections.

Congress Makes Charitable Giving Easier During the COVID-19 Crisis

Blog, Charitable Giving, Coronavirus, TaxBy Editorial TeamMay 14, 2020

To encourage charitable contributions to deserving qualified charities during these trying times, Congress has relaxed some of its restrictions related to how much a taxpayer can deduct as a charitable contribution in any given year.

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