COVID-19: Tax Credits, Deferments & Deductions

We are joined by the team at Henry + Horne to review key tax benefits and implications of the 2020 CARES and FFCR Acts, including eligibility requirements for the different programs created and potential tax impacts for employers and restaurant owners.

By the end of this discussion, attendees will have a general understanding of the following items under the CARES and FFCR Acts:
• Payroll tax credits for expanded paid sick leave and emergency FMLA
• Potential payroll tax deferments and credits under the CARES Act
• Correction of depreciation rules for qualified improvement property
• Changes in net operating loss rules that could lead to potential refunds of prior year taxes
• Modification of section 163(j) – interest deduction limitation rules

Speakers:
• Brian Campbell, CPA, partner, Henry + Horne
• Bradley Dimond, CPA, partner, Henry + Horne

01:11:00