While the CARES Act made several changes to unemployment, the normal rules and processes still apply if an employee refuses to return to work.
Tag: COVID-19
Charitable Contribution Rules for Businesses Change Under the CARES Act
In order to incentivize charitable giving, the CARES Act made some liberalizations to the rules governing charitable deductions.
The CARES Act and Construction: Keeping an Eye on Taxes
Let’s look at three issues that contractors should keep an eye on in light of the CARES Act: payroll, losses and qualified improvement property.
The CARES Act Makes Favorable Changes to Net Operating Losses
You may be able to benefit by carrying a net operating loss (NOL) into a different year — a year in which you have taxable income — and taking a deduction for it against that year’s income.
Hiring Independent Contractors? Make Sure They’re Properly Classified
As a result of the coronavirus (COVID-19) crisis, your business may be using independent contractors to keep costs low. But you should be careful that these workers are properly classified for federal tax purposes. If the IRS reclassifies them as employees, it can be an expensive mistake. The question of whether a worker is an
CARES Act Makes Favorable Changes to “Qualified Improvement Property”
The CARES Act contains a beneficial change in the tax rules for many qualified improvement properties.
COVID-19 Employment Tax Deposit Relief Guidance Issued by IRS
The IRS has issued guidance providing relief from failure to make employment tax deposits for employers that are entitled to the refundable tax credits provided under two laws passed in response to the coronavirus (COVID-19) pandemic.
FAQs: CARES Act Employee Retention Tax Credit
The recently enacted CARES Act provides a refundable payroll tax credit for certain employees during the COVID-19 pandemic.
Cash Flow Series: Why Business Owners Need to Care About Cash Flow
Though the definition of cash flow is straightforward, it is a powerful metric that assesses the health of a business and enhance future successes.
CARES Act Provides Businesses with More Relief
Here are some of the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).