This session will explore and navigate practical planning strategies, traps for the unwary and will demystify certain aspects of COVID-19 responses from Congress, Treasury, the IRS and SBA. We will provide a thorough and straight forward discussion of the relevant portions of the CARES Act and subsequent legislative actions and administrative guidance that has been issued since the passage of CARES Act.
Discuss tax treatment of PPP expenses and implications on 2020 or 2021 income
Maximizing cash flow with tax provisions of CARES Act and other COVID-19 tax related incentives, including maximizing NOL carrybacks
When is bankruptcy the best option for a business from a cash-flow preservation and tax standpoint
Changes in the medical, liability and business interruption insurance market landscape