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The CARES Act includes a loan forgiveness provision for loans that businesses received under the Paycheck Protection Program (PPP)

The COVID-19 pandemic has disrupted everyone’s lives and has caused chaos worldwide

An Alternative to Laying Off Employees The coronavirus (COVID-19) has had a disastrous effect on many small businesses that, with a reduction in business, cannot afford to keep their employees working

The IRS has provided emergency relief for health savings accounts (HSAs) and COVID-19 health plans costs

The American Institute of CPAs (AICPA) has requested additional guidance on tax reform’s Internal Revenue Code (IRC) Section 199A Qualified Business Income (QBI) deduction

The IRS has issued guidance regarding tax relief under the CARES Act for taxpayers with net operating losses

In response to technical corrections made by the Coronavirus Aid, Relief and Economic Security (CARES) Act, the IRS has provided guidance allowing a taxpayer to change its depreciation under Internal Revenue Code (IRC) Section 168 for qualified improvement property placed in service by the taxpayer after December 31, 2017, in…

The SBA has finally issued guidelines on calculating monthly payroll costs for Paycheck Protection Program loans for all entities, including self-employed taxpayers and partnerships

On April 13, 2020, California Insurance Commissioner Ricardo Lara ordered insurance companies to refund a portion of premiums to both consumers and businesses in order to provide relief during the COVID-19 pandemic

FAQs on the new Economic Impact Payments highlight some areas that are already causing problems and confusion for a number of taxpayers