LinkedInFacebookTwitterInstagram

CARES Act Offers Real Estate Companies Multiple Tax Planning and Business Strategy Opportunities

Real estate companies, like companies in most other business sectors, have struggled to maintain operations and drive revenues during the coronavirus (COVID-19) pandemic. Thankfully, the $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES Act) contains changes to the 2017 Tax Cuts and Jobs Act (TCJA). Those changes, along with tax law changes and loan programs under the CARES Act, provide potential relief to companies in the real estate industry.

2020-05-13T18:54:34+00:00May 13 2020|
Read More

U.S. Treasury Changes Position on Qualifying Wages Under Employee Retention Credit

In a decision announced on its website, the U.S. Treasury has amended its position on the Employee Retention Credit (ERC)—specifically, its position on qualifying wages. Under this new position, employer-provided health insurance coverage now qualifies as wages, with respect to the ERC, to the extent it is otherwise allocable to qualifying wages, or to a period where the employee is not providing services. Treasury addresses this matter both for employers that averaged 100 or fewer employees in 2019 and employers who averaged more than 100.

2020-05-13T18:54:28+00:00May 13 2020|
Read More

PPP Loans Under $2 million Automatically Meet the Certification Concerning the Need for a PPP Loan 

Today the Treasury released FAQ #46 regarding the PPP loan which includes guidance that PPP loans under $2 million automatically meet the certification concerning the need for a PPP loan. This long-awaited SBA guidance is very good news for most borrowers with respect to whether the loan was necessary.

2020-05-14T17:31:48+00:00May 13 2020|
Read More

House Passes Additional $310B in Funding for Paycheck Protection Program

On April 23, 2020, the U.S. Congress passed a $484 billion relief bill to provide additional stimulus and support for businesses as well as additional funds for hospitals and COVID-19 testing. The majority of the funds, $310 billion, are designated to provide additional funding for the Paycheck Protection Program (PPP) that ran out of funds in only two weeks.

2020-04-24T15:36:11+00:00April 24 2020|
Read More

CARES Act: IRS Issues Guidance on Deferral of Employer Social Security Taxes

The recently enacted $2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES Act) contains a provision which permits employers to defer the employer share of social security taxes, as well as certain railroad retirement taxes. Now, the IRS has issued additional guidance clarifying this.

2020-04-21T15:33:11+00:00April 21 2020|
Read More

The CARES Act: Elections Under Business Interest Limitation Rules Amended By IRS

The $2 trillion CARES Act contains an array of tax provisions designed to increase deductions that are available to businesses, and by doing so, generate cash flow during the coronavirus (COVID-19) crisis. The information in this blog highlights recent changes related to the Business Interest Limitation under IRC section 163(j).

2020-04-21T15:28:19+00:00April 21 2020|
Read More

Main Street Lending Program Targets Relief for Small and Midsize Businesses

Responding to the needs of U.S. businesses amid the evolving coronavirus (COVID-19) pandemic, the Federal Reserve Board announced details on the Main Street Lending Program, which will deliver four-year loans with deferred principal and interest payments to small and midsize businesses with up to 10,000 employees and/or less than $2.5 billion in revenue.

2020-04-21T15:19:37+00:00April 21 2020|
Read More
ALL CPAs
1330 Boylston Street
Chestnut Hill, MA 02467
Phone: 617-738-5200
Fax: 617-738-0875
SITEMAP
PRIVACY POLICY

© ALL CPAs – 2020 – All Rights Reserved

LGA, LLP and ALL CPAs proudly announce a merger, effective November 1, 2021. The firm will operate under the LGA brand and maintain offices in Woburn, MA, Chestnut Hill, MA, and Salem, NH. Read the press release to learn more.

Read Press Release
Go to Top