Posts Tagged ‘CARES Act’
COVID-19 and Trade Associations: The Impact So Far
Summary of Keypoints COVID-19 has caused significant financial losses for trade associations, primarily due to cancellations of in-person conferences and events, which typically account for about 35% of annual association revenue. Membership dues revenue has also declined as member organizations reduce expenses, compounding the financial strain caused by event cancellations. Survey data from the American…
Read MoreTrade Associations, COVID-19 and the CARES Act
Summary of Keypoints Trade associations have been significantly impacted by COVID-19, despite limited public discussion, even as these organizations play a critical role in providing advocacy, information, training, and crisis support to their members. The CARES Act excluded trade and professional associations from Paycheck Protection Program (PPP) funding, leaving them with access only to the…
Read More4 Tax Provisions CARES Put Into Place You Should Pay Attention To
Summary of Keypoints CARES Act purpose: The CARES Act was enacted to support businesses affected by COVID-19, providing tax-related relief measures beyond stimulus checks and unemployment benefits to preserve jobs and improve cash flow. Net Operating Loss (NOL) changes: Businesses can carry back NOLs incurred between December 31, 2017 and January 1, 2021 to prior…
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