Final Guidance on Business Interest Expense Deduction Limitation Under Section 163(j) in the CARES Act

Many U.S. companies took advantage of the Paycheck Protection Program, Economic Injury Disaster Assistance Loans, and other funding sources to shore up cash flow amid the coronavirus pandemic.

2020-10-15T15:22:36-04:00October 15, 2020|Categories: PBMares COVID-19 Insights, Tax: Business|Tags: , , |

IRS Issues FAQs on Provider Relief Payments Made Under the CARES Act

The IRS explains the taxability of Provider Relief Fund reimbursements made to health care providers pursuant to the CARES Act. (authored by RSM US LLP)

2020-09-24T14:06:34-04:00July 29, 2020|Categories: Healthcare, PBMares COVID-19 Insights, Tax: Business|Tags: , |

FAQs About the Employee Retention Credit and Refundable Tax Credits

The Paycheck Protection Program helped more than four million businesses continue to pay their employees during the coronavirus pandemic.

2020-09-21T08:20:10-04:00July 29, 2020|Categories: PBMares COVID-19 Insights, Tax: Business|Tags: , , , |

Deduct Some Losses Due to COVID-19 on Your 2019 Taxes

Over the past several weeks, there has been a lot of attention regarding the tax provisions and federal loan programs such as the Paycheck Protection Program included in the CARES Act.

2020-10-05T10:36:48-04:00June 30, 2020|Categories: PBMares COVID-19 Insights, Tax: Business|Tags: |