On April 9, the Federal Reserve announced that it is establishing a Main Street Lending Program to facilitate lending to small and medium-sized businesses that were in good financial standing before the Coronavirus pandemic. More information on the program can be found here: https://www.federalreserve.gov/monetarypolicy/mainstreetlending.htm Highlights of the Main Street Lending Program: Businesses with up to […]
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Taxpayers Provided With Flexibility To Make Favorable Adjustments To Depreciation
In April 2020, the IRS released several pieces of guidance providing taxpayers with the ability to receive immediate cash flow benefits and implement tax planning opportunities associated with changes made to depreciation under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The procedures in the guidance summarized below present taxpayers with a limited time […]
Read moreCertain Tariffs Are Issued 90-Day Postponement by U.S.
On April 18, the White House announced it would allow some companies to delay payment of import tariffs due to economic hardship triggered by the new coronavirus. The following day, the Treasury Department, in conjunction with U.S. Customs and Border Protection (CBP), issued a temporary final rule to allow companies to delay for 90 days the […]
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