Description
Tax Update: What we have learned from COVID-19 Inspired Legislation
(CARES Act, FFCRA, Payroll Tax Deferral, PPP, and more)
The Coronavirus Aid, Relief and Economic Security Act (CARES Act) and the Families First Corona Virus Response Act included a number of provisions that impact dealerships and their owners. Some of these impacts were felt immediately and others will have a delayed effect to be considered during planning for 2020 tax compliance. We will cover the following topics:
- Paycheck Protection Program
- FFCRA Employer Tax Credits
- Employee Retention Credit
- Employer Payroll Tax Deferral
- Technical Correction to QIP
- NOL Carryback Period Expansion
- Increase in 163(j) limitation
- Changes to Business Loss Limitation
- Charitable Contribution Deduction Changes for 2020
Speaker(s):
Category:
Concurrent Session (Online)
