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Covid-19 Tax Relief Resources Covid-19 Tax Relief Resources

Latest Updates

Paycheck Protection Program

The Paycheck Protection Protection program is part of the emergency stimulus passed by Congress under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”).

Employee Retention Credit

The Employee Retention Credit part of the Coronavirus Coronavirus Aid, Relief and Economic Security (CARES) Act aims to help businesses

Economic Injury Disaster Loans

The Small Business Administration’s Economic Injury Disaster Loans (EDIL) is a federal-sponsored financial assistance that offers working capital loans up to $2 million.


Deferral of Employer Payroll Tax Payments

The CARES Act does allow taxpayers to defer paying the employer portion of the social security taxes through the end of 2020.

Carryback for Net Operating Losses and Taxable Income Offset

The CARES Act brings in changes to the Net Operating Loss (NOL) rules for businesses.


Business Interest Expense Deduction

The CARES Act does allow businesses to increase the existing Adjusted Taxable Income (ATI) limit from 30% to 50%, thus allowing a greater amount of business interest

Families First Coronavirus Response Act

FFCRA was signed by President Trump on March 18. This new law goes into effect on April 1, 2020, and it will remain in effect until December 31, 2020.