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Webinar: Business & Individual Tax Planning Guidance Related to COVID-19 & the CARES Act

OnDemand Webinar – Watch Below

The Coronavirus pandemic has spawned a flurry of stimulus legislation and efforts taken by Congress, the Treasury, the IRS, and state & local governments to ease the impact on businesses and individuals. The most sweeping changes have come from Congress’s coronavirus relief package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which is the largest economic relief bill in U.S. history and will allocate $2.2 trillion in support to individuals and businesses affected by the pandemic and economic downturn.

In this timely webinar recorded on April 27, 2020, AAFCPAs’ David McManus, CPA, CGMA, Richard Weiner, CPA, MST, and Josh England, LLM, Esq. present a live, educational Webinar providing key considerations and best practice recommendations related to the CARES Act and timely tax planning opportunities to help business & individual taxpayers navigate this unprecedented situation.

AAFCPAs provides guidance on the CARES Act & COVID-19 tax planning considerations, such as:

  • Extensions of business & individual tax return filing and payment deadlines
  • Payroll Tax Credits and other payroll-related benefits
  • State legislative responses to COVID-19
  • Net Operating Losses and Excess Loss Deductions
  • Interest expense limitations
  • Depreciation modifications for Qualified Investment Property
  • Tax consequences of SBA loan debt forgiveness
  • Retirement plan provisions of the CARES Act, and tax planning opportunities related to individual investments
  • Charitable Contribution Changes in the CARES Act
  • Estate tax valuations & gifting strategies
  • Q&A

Much of the new legislation lacks specific guidance at this point and is subject to interpretation. In this webinar, AAFCPAs assist clients in interpreting available guidance so you may plan and achieve compliance in the most tax-efficient manner.

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About the Authors

David McManus CPA
Dave is a Tax Partner at AAFCPAs, a 240 person CPA and consulting firm with offices in Boston, Westborough, and Wellesley, MA. He provides assurance, tax advisory, and consulting solutions to privately-held commercial companies, including: multinational manufacturing & distribution companies, real estate developers, auto dealerships, as well as high tech, bio tech, cannabis, and renewable energy companies.
Richard Weiner CPA
Rich has over 30 years of broad tax experience with a specialty in tax planning and consulting for private and publicly-held businesses. Rich has specific expertise in the Software, Bio-Technology, Medical Device, Life Science, Manufacturing, Retail, Professional Service and Publishing industries, as well as U.S. aspects of international taxation. He works extensively with European companies expanding into the U.S. market. Additional areas of focus include companies and stockholders in transition, including structuring of and planning for Mergers & Acquisitions, planning for changes in ownership and management, and adoption of tax methodologies with a view toward the long term. He is well known in his field and is a frequent speaker on a variety of tax related topics.
Joshua England, Tax Attorney
Josh is a tax strategist with extensive expertise advising high-net-worth individuals, nonprofits, and business owners and investors on effective strategies to ensure tax efficiency, asset protection, well-executed succession plans, and wealth preservation. He has been practicing law since 2000 and focuses his practice on the areas of wealth transfer planning, fiduciary and individual taxation, business structuring to maximize tax efficiency, and advising tax-exempt organizations, foundations and charitable donors.