If your business is donating to charity to help ease the pain from COVID-19, you may be eligible for enhanced charitable deductions for donations.Read More
Archive for the ‘COVID-19 Resourcecs’ Category
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Maryland Small Business COVID-19 Emergency Relief Grant Fund
This $50 million Grant Fund offers working capital to provide interim relief for Maryland small businesses and nonprofits whose operations were disrupted due to COVID-19. Terms and…Read More
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Managing Cash Flow Amid a Crisis
The COVID-19 pandemic is wreaking havoc on the world economy, and business owners are feeling it. Here are a few tips for managing cash flow.Read More
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Increase the Chances of Having Your PPP Loan Forgiven
You got a loan from the Paycheck Protection Program…now what? Here are a few steps you can take to help ensure your PPP loan is forgiven.Read More
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New COVID-19 Law Makes Favorable Changes to “Qualified Improvement Property”
The law providing relief due to the coronavirus (COVID-19) pandemic contains a beneficial change in the tax rules for qualified improvement property (QIP)Read More
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COVID-19 Tax Relief: TCJA Loss Limitation Rules Are Eased
The CARES Act provides relief measures allowing liberalized deduction rules for losses that were previously limited by provisions in the TCJARead More
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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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Adjusting Your Financial Statements for COVID-19 Tax Relief Measures
Amid the COVID-19 crisis, it’s critical to stay atop a barrage of tax law changes that may affect quarterly and year-end reporting.Read More
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Relief From Not Making Employment Tax Deposits Due to COVID-19 Tax Credits
The coronavirus (COVID-19) crisis has resulted in unprecedented challenges for employers. Here are the details of some relief from the federal government.Read More
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The Employee Retention Tax Credit
The Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50 percent of the qualified wagesRead More