Voices Inside the Coronavirus-Related Employer Tax Credits and Penalty Relief

Within the Voices column of Accounting Today, Mark Watson, Partner-in-Charge of Weaver’s Tax Quality and Risk Management Services, shares valuable insight on employer tax credits and IRS penalty relief options:

• The Families First Coronavirus Response Act and the Coronavirus Aid, Relief, and Economic Security, or CARES Act, provide refundable tax credits to certain employers that continue to pay their employees during the COVID-19 pandemic. The Internal Revenue Service is also providing employers eligible for these credits with relief from the penalty for failing to timely deposit employment taxes.

To read Mark’s full article on Accounting Today, click here. 

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