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Coronavirus

CARES Act Provides Tax Credits for Employers Who Must Shut Down Due to Coronavirus, but Continue to Pay Employees

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) is a massive stimulus package that became law on March 27, 2020. In total, the bill provides roughly $2 trillion, making it the largest economic stimulus bill in U.S. history. One noteworthy provision for small businesses involves a refundable employment…

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Federal Government Extends Tax Filing Deadlines for Alcohol, Tobacco, and Firearms Businesses Because of the Coronavirus

As local and state governments continue to implement protective measures against the global coronavirus pandemic, businesses have had to adapt quickly. Many businesses have had to close indefinitely because of “shelter in place” orders that urge people to remain home except for essential functions. The IRS has extended the deadline…

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