The Coronavirus Aid, Relief and Economic Security Act (CARES Act) is a $2.2 trillion relief bill that was signed by the President of the United States on March 27, 2020. The CARES Act provides federal government support of the Coronavirus public health crisis. Federal support includes expanded unemployment insurance, a paycheck protection program, rebate recovery for individual taxpayers, and many other benefits to small businesses and individuals.
David Blain, Partner and Director of Entrepreneurial Services and Mark Heath, Partner and Director of Tax Services with McKonly & Asbury, will be hosting this webinar that will discuss the key income tax benefits and economic stimulus included in the CARES Act to help support small businesses and individuals during this global pandemic. The CARES Act provides tremendous opportunity for small businesses; you don’t want to miss this webinar.
During this webinar, attendees will be provided with:
- An overview of the CARES Act.
- Discussion of key provisions of the CARES Act including:
- Paycheck Protection Program
- Recovery Rebate for individual taxpayers
- Charitable contribution deduction limits
- Retirement account distributions and loans
- Student loan relief
- Business tax deferrals and credits
- Recommendations for utilizing the benefits of the CARES Act.
Tuesday, March 31 at 2 PM EST
This free, one hour-long webinar will take place on Tuesday, March 31st at 2:00 p.m. EST. This program is a live webinar which offers you the opportunity to ask questions and interact with the presenters. We look forward to you joining us! If you can’t make it, we will be recording the webinar and posting it on our blog, so look out for that in the coming days.
Questions on submitting your PPP loan application or the forgiveness process?
Our team stands ready to assist you through the PPP loan application and forgiveness process. Do not go at it alone. Ensure you are submitting the right information and receiving the highest forgiveness amount possible. Visit our PPP Loan Consulting webpage by clicking here to request assistance or support.
This communication is intended to provide general information on legislative COVID-19 relief measures as of the date of this communication and may reference information from reputable sources. Although McKonly & Asbury has made every reasonable effort to ensure that the information provided is accurate, we make no warranties, expressed or implied, on the information provided. As legislative efforts are still ongoing, we expect that there may be additional guidance and clarification from regulators that may modify some of the provisions in this communication. Some of those modifications may be significant. As such, be aware that this is not a comprehensive analysis of the subject matter covered and is not intended to provide specific recommendations to you or your business with respect to the matters addressed.