Mini Update – CARES Act

Mini Update – CARES Act

April 8, 2020

Dear Clients and Friends,

The IRS and the Tax Foundation have released some facts, and Q&A regarding the
CARES Act and Employee Retention Credits. Please note, we have provided some write
ups about application of the CARES Act specific to our client base, but some of you may
have additional questions. Please feel free to contact us at
advisors@verticaladvisors.com and consider reviewing these sites.

IRS FAQ: Employee Retention Credit under the CARES Act:
https://www.irs.gov/newsroom/faqs-employee-retention-credit-under-the-cares-act

Tax Foundation FAQ: The CARES Act: https://taxfoundation.org/federal-coronavirus-relief-bill-cares-act/

Warmest Regards,

Peter DeGregori
Managing Partner

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