Health Care attorney, Daniel Schulte, answers questions related to the CARES Act. The Q&A can be found in the Journal of The Michigan Dental Association (May 2020)
Question: Can you provide a summary of the tax law changes made in March that will help me offset the financial losses that I have mounting due to the COVID-19 crisis?
Answer:
The following is a summary of the tax benefits provided by the Coronavirus Aid, Relief and Economic Security Act (the”act”). As of this writing, treasury regulations have not yet been issued to answer the many questions about its provisions. What follows is a basic summary of the tax relief that will become available to individuals and businesses. Additional information and updates on this act and its benefits can be found at the MDA website.
Read the complete answer in the Journal of the Michigan Dental Association on page 18.
About the author:
Daniel Schulte has more than 25 years of experience helping clients solve tough problems and capitalize on opportunities that require a blend of business and legal expertise. His practice focuses on addressing the legal, business, licensing, and regulatory challenges of health care professionals, organizations, and facilities. Dan understands how legal issues impact business objectives and, as a result, offers his clients practical, results-oriented advice. He is a Certified Public Accountant, former managing partner and current executive committee member of the firm. Dan also serves as co-chair of the firm’s Health Care Practice Group.
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