Impact of the CARES Act on Not-for-Profit Organizations
April 3, 2020 - On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act (the “Act”), a $2 trillion economic stimulus package intended to...
Gift Tax Returns Added to July 15 Tax Filing Deadline
April 2, 2020 - On March 20, 2020, the IRS published Notice 2020-18 postponing both the filing and payment deadlines for income tax returns from April 15 to July 15, 2020. Noticeably missing from...
Individual Mandates from CARES Act
April 1, 2020 - The President signed the Coronavirus Aid, Relief and Economic Security (CARES) Act into law on March 27, 2020. This stimulus package provides economic relief to individuals and...
Employee Retention Credit for Employers Subject to Closure due to COVID-19 (Section 2301 of the CARES Act)
March 30, 2020 - While the Families First Coronavirus Response Act (FFCRA) allows payroll credits for employers who are required to provide paid leave to employees affected by COVID-19, the employee...
Paycheck Protection Program (PPP) - CARES Act Section 1102 & Small Business Administration (Economic Injury Disaster Loan)
March 30, 2020 - The $2.2 trillion coronavirus stimulus bill was enacted by Congress on March 27, 2020. Even though the new legislation has $2.2 trillion allocated to it, the law appropriates $349...
