在周五, 3月27日, President Trump signed into legislation the Coronavirus Aid, Relief 和 Economic Security (CARES) Act. 2美元.2 trillion legislation represents the largest stimulus package in U.S. history—dwarfing the $800 billion package signed during the 2008 financial crisis—和 provides a variety of economic relief measures to mitigate the impact of the coronavirus p和emic on American society. The Act provides for six options for businesses in search of relief, which are listed below for consideration:
• 薪水保障计划 (SBA 7a Loan)
• Employer Payroll Tax Payment Deferral
•员工工资税抵免
• 经济损失灾害贷款 (SBA 7b Loan)
• Economic Stabilization Fund Backstop for Federal Reserve Lending
•有利的税法变化
The Impact of the CARES Act 和 the 薪水保障计划 on Small Businesses 和 Independent Contractors
Small businesses 和 independent contractors should be aware of some special considerations including:
薪水保障计划
• Small businesses with 500 or fewer employees can apply for a potentially forgivable loan for up to eight weeks of payroll costs, 按揭利息, 租金及水电费. Loan payments are deferred for six months.
•独资经营者, independent contractors 和 other self-employed individuals may be eligible to receive a loan based on their net earnings from self-employment or similar compensation.
• To be eligible for loan forgiveness, 75% of the loan proceeds must be used for payroll costs while 25% may be used for non-payroll costs such as rent, 公用事业公司, 等. over an eight-week period following the date of the loan.
• If proceeds from the loan are unsubstantiated 和 ultimately not qualified for loan forgiveness, the loan will be for a period of two years at 1% interest.
•如果满足某些条件, you may still be eligible for a loan if you have previously furloughed or laid off employees due to the adverse impact of COVID-19.
Independent contractors 和 self-employed individuals may apply for a loan under the 薪水保障计划 through June 30 or until the funds ($349 billion) have been expended.
经济损失灾害贷款
• The maximum amount for which small businesses are eligible under the 经济损失灾害贷款 is $10,000.
这笔贷款不必偿还.
有利的税法变化
•追溯至2018年, qualified improvement property (QIP) is depreciable as 15-year property, is eligible for bonus treatment through 2022,和 is subject to a 20-year life under the Alternative Depreciation System.
• Net operating losses from previous years can be used to offset taxable income in 2019 和 2020, 以及2018纳税年度的税收, 2019 和 2020 can be carried back up to five years.
• The business interest expense limitation has been temporarily set at 50%.
老葡京手机app will continue to provide breaking news to clients 和 friends of the firm as the very fluid COVID-19 situation develops, 和 we encourage you to keep an eye out for future alerts dedicated to the impact of the CARES Act.
We hope you all stay safe during this unprecedented time.
委员,葡京会手机app下载 & 老葡京手机app(老葡京手机app) is a professional services firm delivering tax, accounting 和 business advisory expertise throughout the Mid-Atlantic region from offices in 马里兰州贝塞斯达 和 华盛顿特区.
