Virtual Mandarin Roundtable

July 29, 2020

9:00 a.m. EST

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides economic assistance to American families and businesses. At our Virtual Mandarin Roundtable on July 29, we will discuss some critical business and individual provisions in the Act that apply to our clients, including tax planning strategies to maximize the benefits.

In addition, as states are searching for more tax dollars and become more aggressive in the pursuit of tax revenue, businesses may find themselves exposed. To help you avoid surprises, we will share new developments in state sales/use tax laws and how to identify and manage your state and local tax exposure.  Topics will include:

CARES Act

  • Business Provisions
    • Net operating losses
    • Minimum tax credits
    • Business loss limitation
    • Employee retention credit
    • Payroll tax deferral
  • Individual Provisions
    • Recovery rebates
    • Retirement funds
    • Charitable contributions
    • Employer education payments
  • Tax Planning
    • Net operating losses
    • Cost segregation study
    • Foreign-derived intangible income
    • Retirement and succession planning

State Sales/Use Tax New Developments

  • Wayfair background
  • States adoption of Wayfair rules
  • Streamlined sales and use tax agreement
  • Expanding nexus for other taxes continued
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