Skip to Content

The CARES Act: Understanding the tax implications for private equity

Presented By:
Don Stanovcak Jeremy Sikkema
Thursday, April 16, 2020
View On-Demand
View our on-demand webinar, presented in partnership with ACG Global, for an in-depth break down of the CARES Act and what it means for private equity. 

Picture of a downtown business area in the afternoon.The Coronavirus Aid, Relief, and Economic Security (CARES) Act is a $2.2 trillion bill designed to support the economy during the COVID-19 pandemic. The bill provides tax relief and tax incentives for individuals and businesses alike, including an employee retention credit, payroll tax deferral, lessened limitations imposed on deductions, and more.

But what are the implications and opportunities for private equity?

During this on-demand webinar, Plante Moran experts discuss the current state of capital markets and recent legislation that affects private equity. We cover the CARES Act tax provisions that impact private equity including:

  • Utilization of net operating losses (NOLs) 
  • Increase of the business interest expense deduction 
  • Changes to expensing of costs associated with qualified improvement property 
  • Deferral of payment of employer portion of Social Security taxes
  • Employer tax credit for employee retention due to COVID-19 closure 
  • Changes for excess business losses from pass-through and businesses reported on schedules C, E, and F
  • Corporate AMT refundable credits

We also briefly cover the current disaster relief loan programs, including:

  • SBA 7(a) Paycheck Protection Program
  • Title IV direct lending program
  • SBA Economic Injury Disaster Loans
  • Main Street Lending program
  • Troubled Debt Restructuring (TDRs)

For a copy of the on-demand webinar slides, click here

Related Thinking

Man using his cell phone while writing with a pen on documents in front of him.
May 5, 2020

FAQ: Understanding the tax implications of the CARES Act on private equity

Article 7 min read
Skyline view of a city during the day looking out a window.
April 13, 2020

The CARES Act: Tax implications for transactions and private-equity-owned portfolio companies

Article 15 min read
Businessman in a suit sitting at a table reading through structuring transactions and tax planning guidance.
May 13, 2020

Structuring transactions and tax planning in difficult times

Webinar 1 hour 6 min watch