The tax implications of the CARES Act
- Wednesday, April 1, 2020
The $2.2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act was 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. A recovery rebate for individuals is also introduced.
During our webinar, Plante Moran experts will discuss the tax implications of the Act to help you understand what actions you can take now. We’ll also briefly cover SBA loan implications.