The road to recovery: tax strategies to increase your cash flow
Corporations, partnerships and individuals are all learning how to use the changes in the CARES Act and other tax strategies to help boost their cash flow during this recovery phase of the COVID-19 pandemic. Baker Tilly has created this guide to help you understand what strategies may be applicable to you.
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Learn more about these strategies by contacting us or visiting the latest resources below:
Net operating losses
IRS provides guidance on the CARES Act five-year NOL carryback
Congress enacts CARES Act providing COVID-19 relief
Corporate minimum tax credit
Congress enacts CARES Act providing COVID-19 relief
Qualified improvement property
Planning to manage the QIP and business interest expense changes
IRS issues guidance on bonus depreciation for QIP
Bonus depreciation on qualified improvement property
Congress enacts CARES Act providing COVID-19 relief
Electing real property trade or business election
Congress enacts CARES Act providing COVID-19 relief
Limitation on business interest
Planning to manage the QIP and business interest expense changes
Congress enacts CARES Act providing COVID-19 relief
Employee retention credit
Federal coronavirus rescue programs
IRS significantly expands employee retention credit FAQ
IRS expands allocable healthcare expenses eligible for employee retention credit
Employer payroll taxpayer provisions
Congress enacts CARES Act providing COVID-19 relief
Self-employment tax deferral
Congress enacts CARES Act providing COVID-19 relief
Transfer pricing
International taxation relief provisions
Repatriation of earnings
International taxation relief provisions
Restructuring simplifications
State specific legislation and regulations
Qualified improvement property
Planning to manage the QIP and business interest expense changes
IRS issues guidance on bonus depreciation for QIP
Bonus depreciation on qualified improvement property
Congress enacts CARES Act providing COVID-19 relief
Electing real property trade or business election
Congress enacts CARES Act providing COVID-19 relief
Limitation on business interest
Planning to manage the QIP and business interest expense changes
Congress enacts CARES Act providing COVID-19 relief
Employee retention credit
Federal coronavirus rescue programs
IRS significantly expands employee retention credit FAQ
IRS expands allocable healthcare expenses eligible for employee retention credit
Employer payroll taxpayer provisions
Congress enacts CARES Act providing COVID-19 relief
Self-employment tax deferral
Congress enacts CARES Act providing COVID-19 relief
Transfer pricing
International taxation relief provisions
Repatriation of earnings
International taxation relief provisions
Restructuring simplifications
State specific legislation and regulations
Net operating losses
IRS provides guidance on the CARES Act five-year NOL carryback
Congress enacts CARES Act providing COVID-19 relief
Limitation on business interest
Planning to manage the QIP and business interest expense changes
Congress enacts CARES Act providing COVID-19 relief
Excess business losses
Congress enacts CARES Act providing COVID-19 relief
Required minimum distribution
Congress enacts CARES Act providing COVID-19 relief