The CARES Act provides relief measures allowing liberalized deduction rules for losses that were previously limited by provisions in the TCJARead More
Archive for the ‘Business’ Category
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Should You File a Business Interruption Claim for COVID-19 Losses?
There’s much disagreement regarding whether business interruption insurance policies should cover loss of income triggered by the COVID-19 pandemicRead More
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Paycheck Protection Program (PPP) Q&A
The Paycheck Protection Program (“PPP”) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms…Read More
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Business Tax Provisions in Third Coronavirus Relief Package
By a unanimous vote on March 25, the Senate passed a third coronavirus relief package, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act, H.R. 748,…Read More
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CARES Act Signed, SBA Loan Expanded
The CARES (Coronavirus Aid, Relief, and Economic Security) Act was signed into law, significantly expanding loans for small businesses.Read More
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Maryland Business Relief Programs Available
Yesterday Governor Larry Hogan announced the closure of all non-essential Maryland businesses, and there’s hardly an industry that hasn’t been impacted. Hogan also announced new COVID-19 business…Read More
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Is Your MD Business an Essential Service?
Governor Larry Hogan issued an order instructing all non-essential businesses in Maryland to close at 5:00 pm today until further notice. At this time, the Office of…Read More
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Coronavirus (Covid-19): Tax Relief for Small Businesses
In response to the coronavirus (COVID-19), Congress and the IRS have recently provided tax relief to businesses. Here’s a brief rundown.Read More
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New Bankruptcy Relief Coming Soon
Is your small business struggling to make ends meet? Some relief may be on the way for distressed business owners. The Small Business Reorganization Act of 2019…Read More
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Bonus Depreciation for Your Business: Let’s Review Your Options
First-year bonus depreciation has been around for a while now. However, the Tax Cuts and Jobs Act (TCJA) set forth more-generous, but temporary, rules for 2018 through…Read More