CARES Act – What About Partnerships?

CARES Act – What About Partnerships?

If your business is a partnership (particularly one under the Bipartisan Budget Act of 2015 (BBA)), you may have already filed your returns in March of 2020 for the 2019 tax year, and typically you would not be able to file an amended Form 1065 under the BBA.  What if...
Are Cruise Lines Going to Get a Bailout?

Are Cruise Lines Going to Get a Bailout?

Are Cruise Lines Going to Get a Bailout? The $2 trillion stimulus bill passed Friday, March 27, 2020, in response to COVID-19.  Will the cruise lines, who are undoubtedly losing massive amounts of business right now get bailed out? Probably not.  Did you know most...
IRS Employee Retention Credit

IRS Employee Retention Credit

IRS Employee Retention Credit In response to the current COVID-19 pandemic, the IRS has made an employee retention credit available to many businesses.  Will you qualify? Generally, the credit is available to employers who fall into one of the following categories:...