Marcum Accountants and Advisors is holding webinars to address the stimulus package passed by the U.S. Senate and House of Representatives. According to the company, the $2 trillion Coronavirus Aid, Relief and Economic Security Act (CARES Act) contains many significant tax-saving provisions that impact both individuals and businesses and which may affect prior tax years while working to create needed cash flow during the crisis.

The topics will include:
• Individual Provisions
• Cash Payments
• Retirement Fund Rules
• Charitable Contributions

 
• Employer Payment of Student Loans Education Assistance Program

Business Provisions
• Employee Retention Credit for Employers Subject to Closure due to COVID-19
• Deferral of Payroll Taxes for Employers and Self-Employed Individuals
• Relaxed Net Operating Loss (NOL) Rules
• Limitation of Individuals' Use of Business Losses
• Corporate Alternate Minimum Tax Credit Refund
• Business Interest Limitation under IRC section 163(j)
• Bonus Depreciation Allowed on Qualified Improvement Property (QIP)
• Excise Tax Exemption
• Expansion of the SBA's Business Loan Program and Disaster Loan Program and Loan Forgiveness

The speakers will be Joseph Perry, national tax leader, as moderator with panelists John Bonk - director, tax services, Michael D'Addio - principal, tax services, Andrew E. Finkle - partner, advisory services and Martin Martinez - partner, tax services.

The webinars will be held March 31, 3:30 to 4:30 EDT and April 2, 12:00 - 1:00 EDT.

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