COVID-19: impact on small business, measures, and tax consequences

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Abacus Briefs

Comedy


Today we chat about various effects and consequences of COVID-19. We discuss: (i) various examples of what we've seen happen with our clients and how they've responded to the economic changes, (ii) the measures that the government released (and their consequences), and (iii) a number of strategies businesses have employed to react to and to protect themselves from the downturn. We, of course, dig deeper into the tax law being created today and our first evidence of its effect on the business community.