Cash Preservation in the Time of COVID-19: Six Tax Strategies You Need to Know Now

Hosted by McDermott Will & Emery

Location, or Event type:

Cash Preservation in the Time of COVID-19: Six Tax Strategies You Need to Know Now

Webinar, Hosted By McDermott Will & Emery


Tuesday, April 21, 2020 - 7:30 AM


The decisions you make today to stabilize your organization can have long-term impacts on your financial position.

Understand every option available to you, from planning strategies to the numerous tax provisions that directly impact businesses in the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

During our interactive discussion, we will share steps you can take to:

  • Preserve and protect your workforce and your business through payroll tax credits and other opportunities

  • Leverage 2020 losses to generate tax refunds in prior years, and other tax benefits provided to corporations by the CARES Act

  • Gain benefits from loss carryback rules, while understanding interactions with Tax Cuts and Jobs Act 2017

  • Determine if you qualify for cash refunds on current and/or past transactions

  • Keep cash in your pocket at the state level: understand how the CARES Act impacts state tax liability, how to take advantage of favorable state tax provisions, and how to avoid potential state tax increases

  • Manage executive pay reductions, delayed payments and restrictions under the CARES Act

 

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