Posts by Craig Eaton

Opportunity Zones
Everything You Need to Know About Opportunity Zones

Brief summary of the qualified opportunity zone (QOZ) program and tax benefits, including capital gain…

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Returning to Business - Employee Retention Credit
As Governors Lift COVID-19 Restrictions, What Happens to the CARES Act Employee Retention Credit?

During this “in-between” stage, can employers continue to take the employee retention tax credit created…

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CARES Act and Favorable Adjustments to Depreciation
CARES Act Provides Taxpayers with Flexibility to Make Favorable Adjustments to Depreciation

Tax planning opportunities for a limited time period in certain circumstances, as a result of…

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Payroll Tax Credits & Deferral
COVID-19 Payroll Tax Relief — Credits and Deferral

Provisions within the CARES Act and FFCRA can provide significant relief for employers that continue…

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IRS Expands COVID-19 Postponement Relief

Federal tax payments and returns eligible for relief are expanded. Any tax return or payment…

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CARES Act for Coronavirus Relief
CARES Act Fixed the ‘Retail Glitch’ to Make Qualified Improvement Property Eligible for Bonus Depreciation

Based on a technical correction under the CARES Act, qualified improvement property (QIP) placed in…

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COVID-19: Calculating A Business of Fewer Than 500 Employees
Calculating If You Have ‘Fewer Than 500 Employees’ for COVID-19 Mandates

The Families First Coronavirus Response Act (H.R. 6201) became law on March 18, 2020. Among…

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April 15th Tax Deadline Delayed to July 15th
IRS Extends Federal Tax Filing Deadline to July 15th

The tax filing deadline was officially extended to July 15th, giving individual, trust and corporate…

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Qualified Disaster Payments for COVID-19 Relief
COVID-19: Employers Can Provide Tax-Free Disaster Payments

Now that the COVID-19 has been declared a national emergency, Internal Revenue Code Section 139…

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Federal Aid Package for COVID-19 Relief
Federal Aid Package Helps Individuals Affected by COVID-19

The Families First Coronavirus Response Act (H.R. 6201), became law on March 18, 2020. The…

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