The 2017 tax reform bill changed the treatment of NOLs and could only be carried forward. The CARES Act relaxes these limitations on a corporation’s use of NOLs. The CARES Act allows businesses to carry back NOLs incurred in 2018, 2019, and 2020 for five...

In addition to potentially receiving the SSI Tax Credit, the CARES Act allows employers to defer the payment of the employer’s share of the 6.2% Social Security tax on wages paid beginning on March 27, 2020 and ending on December 31, 2020. The deferred amounts...

The CARES Act also provides assistance to businesses through the modification of rules related to net operating losses (“NOLs”), interest expense deductions, alternative minimum tax credits and trade or business losses of non-corporate taxpayers. Many of these modifications are designed to provide critical cash flow...

As we are a fun-loving bunch, we know how to celebrate and enjoy each other’s company. Being such a diverse team, we truly enjoy and deeply appreciate other cultures and include this respect in our day-to-day business dealings as well. On a regular basis we congregate...

“The best way to predict the future is to create it” (credited to Abraham Lincoln and Peter Drucker) Can you predict the future? I suspect most of you reading this would say no. For those that would say yes, perhaps you need some therapy (humor intended). Imagine...