CARES Act Tax Changes

Apr 28, 2020Business, Business Tax, Covid-19

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.

CARES Act Tax Changes Chart

Questions?

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.

Blank

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.

Trending Posts

Subscribe to our Blog

Related Industry Posts

IFC Presentation: State of Taxes in 2022

IFC Presentation: State of Taxes in 2022

Smith Schafer Tax Managers, Joe and Kyle, presented at the IFC National Marketing conference at Treasurer Island. They gave updates on the state of taxes in 2022, pass-through entity taxes, planning strategies, and more.

read more
Important Estate Tax Portability Update Announced

Important Estate Tax Portability Update Announced

If the federal estate tax exemption is cut approximately in half in 2026, as is currently scheduled, it may create significant issues for Minnesota taxpayers. The matter becomes especially challenging when one considers what may happen if the portability election is not made.

read more
document Organization for Your 401k Plan Audit

document Organization for Your 401k Plan Audit

s discussed in part two of our 401k blog series, one of the purposes of a retirement plan audit is to ensure the plan operates in compliance with both plan documents and IRS and DOL regulations. To do this, your auditor will request access to several documents. Some will be plan-specific documents, while others will be HR and related documents.

read more

Subscribe to our blog

SEND US A MESSAGE

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]