COVID-19 Updates

The COVID-19 pandemic poses unprecedented challenges to all types of Wisconsin businesses whose operations are impacted by disruptions to their supply chains, withering demand for their products and worker unavailability resulting from sustained social distancing.

This page is designed to provide the latest, best information to our clients and the citizens of Wisconsin on resources aimed at maintaining the vitality of the companies upon which our economy depends. As the volume of inquiries through our phone lines and website prevents us from responding individually to people as we would like, we invite you to visit this page regularly.

NEW Update(s)

There are no new updates at this time

PAST Updates

General

Mar122021

The Paid Tax Credit Eligibility Tool

March 12, 2021

The Paid Leave Tax Credit Eligibility Tool, created by Thomson Reuters Lab, is a new tool designed to determine whether your business qualifies for a…

Mar122021

American Rescue Plan Act of 2021

March 12, 2021

The House and Senate passed the American Rescue Plan Act (ARP) and the President signed it into law on March 11, 2020. This bill includes many…

Jun82020

COVID General

Rioting damage at your business? You may be able to claim casualty loss deductions

June 8, 2020

The recent riots around the country have resulted in many storefronts, office buildings and business properties being destroyed. In the case of stores or other…

Executive Order

Aug282020

COVID Executive Order

Payroll Tax Deferral Executive Order

August 28, 2020

Payroll Tax Deferral Executive Order President Trump recently issued an executive order which allows employees to suspend their portion of social security payroll tax (6.2%)…

CARES Act

Aug242020

CARES Act

CARES Act Made Changes to Excess Business Losses

August 24, 2020

The Coronavirus Aid, Relief and Economic Security (CARES) Act made changes to excess business losses. This includes some changes that are retroactive and there may…

Other important business tax provisions of the CARES Act:

April 3, 2020

Net operating loss liberalizations: The 2017 Tax Cuts and Jobs Act (the 2017 Tax Law) limited NOLs arising after 2017 to 80% of taxable income…

Paycheck Protection Program

Aug172020

PPP

The President’s action to defer payroll taxes: What does it mean for your business?

August 17, 2020

On August 8, President Trump signed four executive actions, including a Presidential Memorandum to defer the employee’s portion of Social Security taxes for some people. These…

Aug112020

PPP

The possible tax consequences of PPP loans

August 11, 2020

If your business was fortunate enough to get a Paycheck Protection Program (PPP) loan taken out in connection with the COVID-19 crisis, you should be…

May292020

PPP

COVID-19 Updates

NEW Update(s)

There are no new updates at this time

PAST Updates

General

The Paid Tax Credit Eligibility Tool

American Rescue Plan Act of 2021

Rioting damage at your business? You may be able to claim casualty loss deductions

Reopening Guidelines and Additional Resources During the Covid-19 Pandemic

New COVID-19 law makes favorable changes to “qualified improvement property”

Families First Coronavirus Response Act:

Executive Order

Payroll Tax Deferral Executive Order

CARES Act

CARES Act Made Changes to Excess Business Losses

Other important business tax provisions of the CARES Act:

Paycheck Protection Program

The President’s action to defer payroll taxes: What does it mean for your business?

The possible tax consequences of PPP loans

Important Updates to PPP Loans Passed By Congress

Important items related to PPP Loans clients

How a PPP Loan, expenses and Forgiveness Impact your Profits

Paycheck Protection Program

IRS

IRS Places Temporary Stop on Mailing Notices Regarding Balances Due