The CARES Act contains a number of provisions impacting businesses. The chart below is meant to highlight the tax modifications and provide some potential planning ideas.
Please do not hesitate to reach out to us with questions or concerns you have about taxes or your financial situation.We are happy to help you during this challenging time.
Your content goes here. Edit or remove this text inline or in the module Content settings. You can also style every aspect of this content in the module Design settings and even apply custom CSS to this text in the module Advanced settings.
On January 19, 2024 the House Ways and Means committee approved the Tax Relief for American Families and Workers Act of 2024.
The IRS issued Announcement 2024-3 on December 21, 2023 to roll out the Voluntary Disclosure Program. The program is a process to pay back the ERC credit for recipients who believe they received it in error.
Effective from January 1, 2024, new and existing business entities (with exceptions) must comply with
the CTA
Subscribe to our blog
We appreciate your interest in Smith Schafer and would love to hear from you. So please complete this form or feel free to email us directly at: [email protected]