WYCOTAX Presents: 5 IRS Emergency Business Funds under the CARES Act

Description

Two COVID-19 legislations gave generous tax incentives for employers through payroll tax and business losses. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed on March 27, 2020, it was a supplement to Families First Coronavirus Response Act (FFCRA), signed March 18, 2020. The following emergency funds include:

The July 22, 2020 Seminar will cover Employee Retention Credit
The Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50 percent of the qualified wages an eligible employer pays to employees after March 12, 2020, and before January 1, 2021.