Tag: CARES ACT

claiming employee retention credit

How Can I Claim The Employee Retention Credit?

Thanks to the Consolidated Appropriations Act, 2021, eligible employers who retained employees during the COVID-19 pandemic can take advantage of the employee retention credit (ERC), a provision of the CARES Act, through June 30, 2021. Eligible employers now have until June 30, 2021 to claim the tax credit on wages paid to employees they retained through the

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QIP Fix in CARES Act Provides a Boost for Property Owners

The CARES Act economic stimulus package approved by Congress includes a tremendous opportunity for property owners to take 100% bonus depreciation for qualified improvement property (QIP) retroactively. Specifically, property owners who used cost segregation for faster depreciation can either file a Form 3115, change of accounting method, or amend 2018 and 2019 returns to generate

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The Path Forward – Planning and Action Items Via The CARES Act

Written by Kreig Mitchell, Attorney at Law The Covid-19 situation has impacted just about every individual and business in the U.S. The Federal government has implemented a number of stimulus measures. The legislation is several thousand pages long. While there is a lot written on these topics, very few articles actually provide information that can

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