Chatham University

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Webinar: CARES Act Tax Provisions

July 29, 2020
11:00 AM - 12:00 PM

Enacted on March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES) Act was established to deliver $2.3 trillion in assistance to individuals, businesses and health care systems affected by COVID-19. Importantly, some CARES Act sections require that money be allocated to specific types of businesses – including women-owned businesses.

The Paycheck Protection Program (PPP) is the most well-known of all the COVID-19 related funding sources, providing potentially forgivable loans of up to $10 million. Section 1102 of the CARES Act stipulates that lenders and agents that process and disburse PPP loans should prioritize certain small business concerns, including those of businesses owned by women.

In addition to several women’s business center programs (Sections 1103, 1104 and 1106) recognized in the CARES Act, there are also important business tax breaks in the Act that haven't received a lot of attention. While most of the new tax breaks are only temporary, several tweak or reverse changes made by the 2017 tax reform law. All are designed to get coronavirus-ravaged businesses and workers back on their feet as quickly as possible.

Attendees will learn more about:
- Employee retention tax credits
- Delayed payroll taxes
- Net operating loss (NOL) carrybacks
- Other tax-related changes
+ Qualified improvement property
+ Business interest expense limitation
+ Excess loss limitation
+ Student loans paid by employers
+ High deductible health plans
+ Charitable contributions

Stacy A. Weller, CPA – Senior Manager | The Herbein + Company
Michael J. Hermes, CPA – Manager | The Herbein + Company

To register for the Webinar, CLICK HERE!

Registration and Directions

Fee : Free
Location : Online

Event Contact Information

Mitra Saeidi