Key tax relief measures designed to provide critical cash flow for businesses. The CARES Act provides many potential sources of tax relief for businesses, particularly to help maintain operations and continue payroll for employees.Businesses may benefit from these tax relief measures to relieve pressure now and, where appropriate, by amending prior tax returns and claiming refunds.
We understand that working from home has many benefits—but comes with a host of challenges as well.Given the current health environment, your ability to balance family and life is being challenged in ways you’ve likely never experienced. With many employers instituting a work from home policy, you now need to adapt to a new way of working, connecting, and telecommuting.
On Friday, March 27, 2020, President Trump signed the Coronavirus Aid, Relief, Economic and Security (CARES) Act.This 880-page legislation provides emergency assistance and health care response for individuals, families, and businesses affected by the COVID-19 pandemic. We have highlighted the key personal income tax measures in the CARES Act affecting and assisting individuals and families.