Business Tax Relief Provided By The CARES Act

The Coronavirus Aid, Relief, and Economic Security Act, or the CARES Act, contains several business relief provisions, including an employer payroll tax deferral and a companion provision allowing an employee retention credit.

Tax and Estates Partner John Eagan and Counsel Stephen Bowers provide guidance on what these deferrals and credits mean, and how businesses can use them to get relief during the COVID-19 pandemic here.