With RMDs Suspended for 2020, Should We Take Some Gains?
While we would all love a tax break now, maybe in the long term it would be better if we were to take advantage of this situation and clear out of some of those large gains.
Small Business Relief under the CARES Act
Download this helpful overview of the Small Business Relief program under the CARES Act from our friends at Steptoe:
How Can I File for Unemployment in the United States?
The U.S. Department of Labor has released updated eligibility criteria for unemployment insurance programs to include people that have become unemployed as a direct result of the coronavirus outbreak.
Emergency Paid Sick Leave, Expanded FMLA, and Related Employer Tax Credits
Have an employee with coronavirus? The CARES Act provides for paid sick leave for the employee and tax credits for your expenses.
Business Tax Provisions of the CARES Act
The CARES Act aims to help businesses keep employees during closures because of COVID-19. Learn more about the Employee Retention Credit and Delaying Payroll Taxes.
Step-by-Step Guide on How to Apply for an SBA Economic Injury Disaster Loan
If your business is struggling in the wake of COVID-19, this step-by-step guide from the U.S. Chamber of Commerce will help you through the application process for a low-interest small business loan.
Impact of the CARES Act on Your QCD Considerations
While you may not have to take your required minimum distribution this year, you may still want to make a qualified Charitable Distribution from your IRA.
The CARES Act Provides Student Loan Relief
The CARES Act provides relief for those with federal student loans and a bonus benefit if your employer offers tuition assistance!
IRS Issues Guidance on Tax Credits for Coronavirus Paid Leave
Check out this bulletin prepared by our friends at Pritchard & Jerden, Inc. that details how small and midsize employers can use two new refundable payroll tax credits for coronavirus paid leave.
CARES Act: Economic Impact Payments Issued Within Three Weeks via Direct Deposit
Thanks to the CARES Act, your Economic Impact Payment of up to $1,200 for individuals or $2,400 for married couples and up to $500 for each qualifying child will be deposited directly into the same bank account used on your tax return within three weeks.