***Click here to download the slides from the presentation***

The CARES Act and other stimulus legislation provides various tax planning opportunities that businesses and individuals can take advantage of. During our webinar on May 15th, Stephen Minson, CPA, MST, Matthew Mulroney, CPA, MST and Sahri Zeger, JD, MBA discussed the most up-to-date guidance:

For Businesses

• Employee retention credit and payroll tax deferral
• Net operating loss modification
• Excess business losses
• Acceleration of alternative minimum tax credit
• Increased business interest limitation
• Qualified improvement property technical correction
• PPP loan forgiveness impact
• What will states do about all this?

For Individuals

• Tax deferred retirement accounts, such as RMD waiver, 401(k) loans, early distributions for hardship
• Charitable giving including the removal of AGI cap
• Estate planning considerations

If you have questions about these topics, please contact a member of your DGC client service team or Stephen Minson, CPA, MST at 781-937-5120 / sminson@dgccpa.com, Matthew Mulroney, CPA, MST 781-937-5372 / mmulroney@dgccpa.com or Sahri Zeger, JD, MBA at 781-937-5774 / szeger@dgccpa.com for more information. You can also visit DGC's coronavirus web page at dgccpa.com/coronavirus which is frequently updated with new resources to help you deal with the financial impact of the coronavirus on you and your business.

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