CARES Act Signed Into Law

(3/28/2020) On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act, which provides relief to taxpayers affected by the novel coronavirus (COVID-19). The CARES Act is the third round of federal government aid related to COVID-19. We have summarized the top provisions in the new legislation below, with more detailed alerts on individual provisions to follow. Read More »

Summary of the CARES Act

(3/27/2020) As of March 27, 2020, both the United States House and Senate have voted to pass a sweeping $2.2 trillion stimulus package designed to abate the economic damages caused by the coronavirus (COVID-19) pandemic. The Coronavirus Aid, Relief, and Economic Security (CARES) Act is the third piece of legislation crafted to address the economic havoc being created by COVID-19. The bill contains many provisions, including an expansion of unemployment insurance, direct payments to Americans, a loan guarantee program for industries, a suite of aid programs for small businesses, and more. President Trump has indicated that he will sign the bill into law. Details on the provisions included in the bill are laid out below. Read More »

Federal Aid Package Helps Individuals Affected by COVID-19

(3/24/2020) The Families First Coronavirus Response Act (H.R. 6201),  became law on March 18, 2020. The Act guarantees free testing for the novel coronavirus (COVID-19), establishes emergency paid sick leave, expands family and medical leave, enhances unemployment insurance, expands food security initiatives, and increases federal Medicaid funding. Read More »

Details of Tax Deadline Extension in Response to Coronavirus

On March 13, 2020, the President released an emergency declaration instructing the Secretary of the Treasury to give relief to taxpayers impacted by COVID-19. Here are details of Notice 2020-17, Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic. Read More »

The Latest Tax Updates Regarding COVID-19

Here is a summary of information, as of March 19, 2020, that is on the subject of the coronavirus (COVID-19) and that is of relevance to our clients. Read More »

Governor Ron DeSantis Activates Emergency Bridge Loan Program for Small Businesses Impacted by COVID-19

On March 16, 2020, Governor Ron DeSantis activated the Florida Small Business Emergency Bridge Loan Program to support small businesses impacted by COVID-19. The bridge loan program, managed by the Florida Department of Economic Opportunity (DEO), will provide short-term, interest-free loans to small businesses that experienced economic injury from COVID-19. The application period opens tomorrow, March 17, 2020 and runs through May 8, 2020. Read More »

Tax Payment Deadline Delayed by 90 Days

There has been much speculation surrounding the impact of the Coronavirus (COVID-19) pandemic on the U.S. tax filing deadline. At a Tuesday White House briefing, Treasury Secretary Steven Mnuchin announced new relief measures that are effective immediately. Read More »

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