CARES Act, Tax Reform, and More
The President signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Regulatory guidance from federal agencies such as the Department of Labor, Department of Treasury, Department of Health and Human Services, and the Internal Revenue Service is still necessary to fully explain the value and impact of these provisions.
The CARES Act endeavors to address the short-term economic needs of individuals and small business owners. While additional legislative narrative will clarify elements of this law, below is a summary of the known provisions.
For a detailed synopsis of the provisions, download it here.
Cooper Norman is here to help. Please contact us with any questions.