Several key tax provisions for businesses provided by the new COVID-19 law

By |2020-04-27T23:22:08+00:00March 31st, 2020|Categories: Blog, COVID 19, News|Tags: , , , , , |

On March 27, President Trump signed into law another coronavirus (COVID-19) law, which provides extensive relief for businesses and employers. Below are several key tax-related provisions in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Employee retention credit The new law provides a refundable payroll tax credit for 50% of wages paid [...]