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28 Mar 2020, 7:32 am
Also $17 billion to help small businesses repay existing loans; $10 billion for grants up to $10,000 for small businesses to pay operating costs.Emergency unemployment insurance: $260 billion. [read post]
27 Mar 2020, 5:36 pm
The CARES Act provides economic support at the federal level to the business sector, employees, individuals and families, and specific industries that have been impacted, including air transportation, healthcare, and education. [read post]
27 Mar 2020, 3:38 pm
“Covered individual” means the president, vice president, executive department heads, members of Congress, and these individuals’ spouses, children, and sons- or daughters-in-law. [read post]
27 Mar 2020, 3:22 pm
Charitable contribution deduction limitations are increased from 10 percent to 25 percent of taxable income for corporations. [read post]
27 Mar 2020, 1:29 pm
Additionally, the deduction limits for charitable contributions have been temporarily changed as follows: Individuals – the 60% of adjusted gross income (AGI) limit has been suspended; Corporations – increased from 10% to 25% of adjusted taxable income; and Food Inventory – increased from 10% to 25% of adjusted taxable income. [read post]
27 Mar 2020, 1:29 pm
Additionally, the deduction limits for charitable contributions have been temporarily changed as follows: Individuals – the 60% of adjusted gross income (AGI) limit has been suspended; Corporations – increased from 10% to 25% of adjusted taxable income; and Food Inventory – increased from 10% to 25% of adjusted taxable income. [read post]
27 Mar 2020, 1:29 pm
Additionally, the deduction limits for charitable contributions have been temporarily changed as follows: Individuals – the 60% of adjusted gross income (AGI) limit has been suspended; Corporations – increased from 10% to 25% of adjusted taxable income; and Food Inventory – increased from 10% to 25% of adjusted taxable income. [read post]
27 Mar 2020, 1:29 pm
Additionally, the deduction limits for charitable contributions have been temporarily changed as follows: Individuals – the 60% of adjusted gross income (AGI) limit has been suspended; Corporations – increased from 10% to 25% of adjusted taxable income; and Food Inventory – increased from 10% to 25% of adjusted taxable income. [read post]
27 Mar 2020, 12:46 pm
Now that due date has been further extended until July 10. [read post]
27 Mar 2020, 12:28 pm
Such businesses will be eligible for funds if they intend to restore at least 90% of their workforce as of February 1, 2020, and to restore all compensation and benefits to workers no later than 4 months after the termination date of the public health emergency. [read post]
27 Mar 2020, 12:09 pm
The maximum loan size available to any business is equivalent to 250 percent of the employer’s average monthly payroll costs (e.g., roughly 10 weeks of payroll expenses) over the year prior to the loan or $10 million, whichever is less. [read post]
27 Mar 2020, 11:00 am
The FFCRA is effective April 1, 2020. [read post]
27 Mar 2020, 10:20 am
The decision to cancel came after FEMA said it needed more time to assess whether the estimated $1 billion price tag for the project was prohibitive. [read post]
27 Mar 2020, 9:39 am
As a reminder, on January 1, 2026, the federal estate, gift, and GST tax exemptions are set to revert back to their pre-2018 levels (approximately $5.49 million per individual), as indexed for inflation. [read post]
27 Mar 2020, 8:39 am
The scenario would involve the licensed counselor providing individual therapy services via telemedicine technology. [read post]
27 Mar 2020, 2:00 am
Based on public information, it is likely that the local governments may require employers to work with office buildings to report individuals with high risks of infection. [read post]
26 Mar 2020, 7:55 pm
Background and Context On March 9 and 10, The Financial Policy Committee (“FPC“) met to discuss developments since its meeting on October 2, 2019 and the consequences of Covid-19. [read post]
26 Mar 2020, 3:41 pm
Individualized behavior is going to make less difference than in the automobile example, but the principle of looking at individual or individualized risk, rather than raw numbers of victims, is the same. [read post]
26 Mar 2020, 2:30 pm
In response to the continuing COVID-19 epidemic, the United States Coast Guard, Centers for Disease Control and Prevention, U.S. [read post]
26 Mar 2020, 2:30 pm
In response to the continuing COVID-19 epidemic, the United States Coast Guard, Centers for Disease Control and Prevention, U.S. [read post]
