Alabama When the state’s stay-at-home order expired April 30, it issued a replacement order that encouraged people to stay home and continued to ban non-work gatherings of 10 people or more. It also allowed retailers and beaches to reopen, with restrictions. Starting May 11, new rules were put in place, through at least May 22: — Non-work gatherings […]

Some Great Ideas For Celebrating Mother’s Day During COVID-19

Mother’s Day is such a beautiful and unique day to show your appreciation for the motherly figure in your life. Whether it’s your mom, your grandma, an aunt, or someone else, honoring that person might look a bit unconventional this year as we deal with the COVID-19 pandemic.

However, there are ways to be artistic and show your love this Mother’s Day. You can perform simple acts of kindness from your home. A small celebration or gesture can go a long way.
Here are some ideas of what families can do this Mother’s Day to show your love and appreciation.
What Families Can Do

Breakfast in Bed. What mom wouldn’t want to wake up to coffee, Orange Juice, and eggs for breakfast? This is an easy, pleasant solution to make for mom.

Create a Playlist. The idea of making a playlist with mom’s favorite songs will always be appreciated. Create a playlist that includes upbeat music that will encourage the whole family to dance.

Flowers, Gifts, and Takeout. You still have time to order mom flowers or purchase a gift. Maybe some slippers, gardening tools, or candles will brighten her day. Or, if you want to host a special brunch or dinner for mom, you can order delivery to support local businesses.

The New Normal
Virtual Gatherings. Many of us will celebrate Mother’s Day virtually this year. Host a get together on FaceTime, Skype, Zoom. Planning an online ‘party’ with music, laughter, and food in each home to spend Mother’s Day.

Share Love on Social Media. If you’re on Facebook or Instagram, share a photo of you and mom with a special message. All of the likes and remarks will surely make mom smile.

Family Walk. If the weather cooperates, be sure to get outside and take a socially-distanced walk with the family.

Video Card. Can’t make it to the card store? No problem! Smartphones have made it easier than ever to record special thoughts that mom can keep forever. Make it a tradition and she can watch her child grow throughout the years. Bonus – it’s eco-friendly, too!.

From the betterpay family to yours, we wish all the mothers in this world a Happy Mother’s Day. #Iloveyoumom #betterpay

Do I Qualify for the PPP Loan?

Most companies should be able to qualify for the Paycheck Protection Program. If your business is based in the U.S., has 500 employees or less, and if your market is financially affected by COVID-19, you should be eligible for the PPP loan.While the PPP is meant for all small businesses—from sole proprietors to C corporations—some restrictions and requirements may ultimately invalidate you.
General disqualifiers
If any of these statements apply to your company, you are not eligible for the PPP.
You were not in service on or before February 15
You employ household employees such as nannies or housekeepers
An owner of 20% or more is involved in the justice system (incarcerated, on probation or parole) or has been convicted of a felony within the last five years
You, or any business owned or controlled by you or any of your owners, is delinquent or has defaulted on a loan from the SBA or any other Federal agency within the last seven years
You or your business are bankrupt or currently in bankruptcy proceedings
You are an officer or key employee of the lender you are applying with, or a close relative of one. You may apply for the PPP with an unaffiliated lender
Your business is a hedge fund or private equity firm
You do business in an industry that is generally not eligible for SBA 7(a) loans, such as speculation or multi-sales distribution
Independent contractors
To apply for the PPP, you will need a tax-ready 2019 Schedule C from your personal Form 1040 tax return. While it does not have to be filed, it must be complete and accurate, so you will need all your 1099-MISC forms handy to complete your Schedule C.
You must have reported a net profit on your Schedule C in 2019. If you do not have a 2019 Schedule C because your business was not in operation in 2019, further guidance is pending from the Treasury.
Sole proprietorships and Single-Member LLCs
You will need a 2019 Schedule C from your personal tax return. While it does not have to be filed, it must be complete and accurate. You must have reported a net profit on your Schedule C in 2019. If you also have employees on payroll, you do not need a net profit, but you must have payroll tax forms 940 and 941/944 for 2019.
Partnerships
Individuals should not submit separate applications, but only submit one PPP application on behalf of the partnership. If you also have employees on payroll, you should have payroll tax forms 940 and 941/944 for 2019. The SBA guidelines allow for payroll processor records containing equivalent payroll tax information, but your lender may not accept those.
S corporations
Only S corps who have payroll are eligible for the PPP. If you were only paid through owner draws or distributions and did not pay payroll tax, you have no payroll costs to report and the PPP is not suitable for you.
If you also have employees on payroll, you should have payroll tax forms 940 and 941/944 for 2019. The SBA guidelines allow for payroll processor records containing equivalent payroll tax information, but your lender may not accept those.
C corporations
Only C corps who have payroll are eligible for the PPP. If you were only paid through owner’s draws or distributions and did not pay payroll tax, you have no payroll costs to report and the PPP is not suitable for you.
If you also have employees on payroll, you should have payroll tax forms 940 and 941/944 for 2019. The SBA guidelines allow for payroll processor records containing equivalent payroll tax information, but your lender may not accept those.
Nonprofits
You will need to have run payroll in 2019 to qualify for the PPP. Faith-based organizations should also consult the SBA’s guidance on eligibility.
How to apply for the PPP
To apply for your PPP loan, you’ll need to apply through a lender who is participating in the PPP program.
You can find an official list of PPP lenders here.
We recommend starting with neighborhood bank and credit unions, as they will be the ablest to serve small businesses. It doesn’t hurt to apply through more than one lender. Once you’re approved for a loan, the SBA will automatically reject your second application.
Further reading: Documents Required for the PPP Application
Support from government
The employee retention tax credit
You can be eligible for payroll tax credits if you keep your employees on the payroll, if you paid COVID-19-related sick leave for employees, or if you had to suspend operations.
Further reading: Employee Retention Credits: A Simple Guide (COVID-19)
The Express Bridge Loan
You can borrow up to $25,000 for disaster-related purposes from a lender you have an existing banking relationship with.

Betterpay is proud to support American small businesses

For help on accepting payments for your business visit us at www.btrpay.com

US Senate passed a bill authorizing the addition of $310 billion to the Paycheck Protection Program (PPP)

The Senate on Tuesday approved approximately $484 billion in new coronavirus aid for small companies and hospitals and extra funding for testing, ending a long battle over the size and contents of the package.

The deal includes an added $310 billion for the Paycheck Protection Program (PPP), including $60 billion especially for community banks and smaller lenders, as well as $75 billion for hospitals, $25 billion for testing, and $60 billion for emergency disaster loans and grants, according to a summary obtained by The Hill.

Congress recently faced calls to immediately replenish the PPP funds after the initial $349 billion appropriated.

Late last week amid massive levels of interest from independent contractors and businesses that have been struck by the coronavirus. The agreement provides $310 billion for the program as well as an additional $10 billion for organizational costs and fees.

Covid-19 Reilef – Citi Bank Covid-19 Relief

For Retail Bank Clients: Fee waivers on monthly service fees; waived penalties for early CD withdrawal.

For Retail Bank Small Business Customers: Fee waivers on monthly service fees and remote deposit capture; waived sanctions for early CD withdrawal; Bankers available after hours and on weekends for support

For Credit Cards: Waiver of the minimum payment due requirement and late fees for 2 statement cycles. Your account would be reported as current to the credit bureaus during the waiver period unless your account was delinquent before the waiver period began.

For Mortgages: Citi’s mortgage sub-servicer Cenlar FSB is offering 90-day forbearance for Citi’s mortgage loans where the borrower is enduring hardship, during which there will be no unfavorable reporting to the credit bureaus for up-to-date customers. Also, foreclosures and evictions have been paused.

Student Loans: Citi is granting forbearance programs for student loans.
https://online.citi.com/US/JRS/pands/detail.do?ID=covid19

Covid-19 Reilef Chase Bank Covid-19 Relief

Chase Bank is supporting clients in the U.S. impacted by COVID-19 to reach out to discuss your situation and find a solution for you.
https://www.chase.com/digital/resources/coronavirus

You can now apply online to delay up to three payments on your individual or business credit card if you’ve been affected by COVID-19.
https://www.chase.com/digital/resources/coronavirus/credit-card-relief-programs

They’ve added a page specifically devoted to clients who require mortgage relief.
https://www.chase.com/digital/resources/coronavirus/mortgage

For Auto Loan and Lease customers, Chase is offering a lease-end extension. By proceeding to make your monthly payments, you may extend the term of your Lease Agreement for up to six months to allow you extra time and flexibility.
https://www.chase.com/digital/resources/coronavirus/auto-lending

Covid-19 Reilef Stimulus Payment Updates

The IRS has designed a site where taxpayers who have selected to receive paper check refunds on their latest return (2018 or 2019), can now register to accept Direct Deposit for their Stimulus Payment.
You can also check the state of your payment if you are already set up for Direct Deposit but haven’t received your refund yet.

The site also allows you to update your posting address if you recently moved.
To register for Direct Deposit, check the status of your payment, or change your address click here.

Note: We’ve heard back that for some eligible recipients who have not received their Direct Deposit yet, the site returns an error when attempting to track the status. We suggest you check back daily, as the IRS is sure to update these errors.

Paper checks are scheduled to go out intermittently from April through September, with lower income recipients receiving theirs first.

Covid-19 Reilef Small Business Grant

Hello Alice- Hello Alice is providing $10,000 grants to small business owners affected by COVID-19. Business owners must have under 50 employees and be registered in the United States. Apply Here!

Facebook- Facebook is awarding grants to companies that have between 2 and 50 employees and have been in business for over a year. Apply Here!

Freelancers Union- Freelancers Relief Fund will assist up to $1,000 per household to qualify freelancers to cover lost income and necessary expenses. Apply Here!

GoFundMe- GoFundMe is offering to meet funds up to $500 to Small Businesses who raise more than $500 on GoFundMe due to COVID-19 hardships. See more here!

Save Small Business Fund- The Save Small Business Fund is providing grants of up $5,000 to small companies with 3 to 20 employees. Apply Here!

COVID-19 Relief – FREE Resources For Businesses Facing The Coronavirus

COVID-19 is not only taking a toll on the United States economy, but also on companies across the nation. With the amount of uncertainty, Thankfully, several companies are offering generous help to small business owners during COVID19. The federal and state government, banks, large institutions, social media platforms, and many more are offering financial resources for companies facing the Coronavirus pandemic.

Currently, there are government resources for companies during COVID19. Many loans and grants are accessible through states and the federal government. All fifty states, Washington D.C. and some U.S. Territories, are qualified for the COVID-19 SBA Disaster loan, which is an excellent option for companies that saw a considerable decrease in sales and earnings as a result of COVID19. If you are interested in learning more, we recommend you check out our COVID19 Relief Page. For those companies that do not qualify or are not interested in getting a loan or grant, there are other alternatives available to help with financial assistance.
Here are 7 FREE resources for business owners affected by the coronavirus pandemic.
Yelp is offering $25 million in Relief for Affected Small Businesses. Yelp will be applying this money to waive advertising fees and offer free supplementary advertising and the use of products and services. From free access to Yelp Reservations to $100 in free search advertising, Yelp is doing what it can to support small businesses feeling the effects of this virus.
A variety of banks are offering Relief to those who need it. This list shows a comprehensive overview of what several banks are doing to provide relief. The list of banks includes Ally, Bank of America, Capital One, Chase, Citibank, Discover, PNC Bank, Fifth Third Bank, Marcus by Goldman Sachs, PNC Bank, Truist, U.S. Bank, and Wells Fargo.
Facebook gives $100M in grants, ads to small businesses hit by coronavirus. Facebook will be awarding $100M in cash grants and ad credits to help eligible small companies.
LinkedIn opened up 16 of its learning courses for free. These LinkedIn courses will help you stay productive, build relationships when you’re not face-to-face, use virtual meeting tools, and balance life and work dynamics healthily.
Jamm, an audio-visual communication tool, is free to use. For organizations that may not be used to working remotely, Jamm is a great resource for holding virtual huddles, recording videos, and also integrates with Slack.
Hootsuite free for small businesses. Now through July 1st, Hootsuite is allowing unrestricted access to Hootsuite Professional to small businesses and nonprofits. Hootsuite is a social media scheduling and management platform tool to help you stay connected to your customers and communities.
Comcast is offering Free Xfinity WiFi. Xfinity wifi will be free for everyone! To access the service, look for the “xfinitiwifi” network name in a list of hotspots.
While these free sources won’t be able to resolve all of the destruction small businesses are facing, they certainly can help.

Coronavirus Aid, Relief, and Economic Security Act (CARES Act) as it pertains to Small Businesses: Paycheck Protection Program

The Paycheck Protection Plan is one of the most significant sections of the CARES Act; it is the most critical provision in the new stimulus bill for most small companies. It is modeled after the existing SBA 7 loan program many companies already know. The primary purpose is to incentivize small companies not to lay off workers and to rehire laid-off workers that lost jobs due to COVID-19 disruptions. Borrowers must apply for forgiveness with the lender servicing the loan. Lenders have 60 days to review and decide. If approved, the loan is forgiven at the end of the 8 weeks after the borrower takes the loan. The SBA will reimburse the lender directly for the principal amount of any forgiven debt, plus interest accrued through the date of repayment. The SBA will issue additional implementation guidance and regulations regarding the loan forgiveness process within 15 days after the enactment of the CARES Act. Hence, it is possible that lenders could begin taking loan applications as soon as mid-April.
Eligibility:
Small businesses with fewer than 500 employees (some exceptions for food industry)
To determine the 500 employee threshold, applicants should include full time, part-time and other basis employees.
501(c)(3) or 501(c)(19) non-profits with fewer than 500 workers (all other non-profit groups are ineligible to participate)
The law does not disqualify nonprofits that are eligible for payments under Title XIX of the Social Security Act (Medicaid), but does require that employees of affiliated nonprofits may be counted toward the 500 employee cap, depending on the degree of control of the parent organization.
Self-employed, sole proprietors, and freelance and gig economy workers
Must have been operational on February 15, 2020.
Had employees and paid salaries and taxes or had independent contractors and filed 1099-MISC for them
Self-employed persons, independent contractors, and sole proprietors must submit a Form 1099 and other payroll tax filings to establish eligibility
Certify that the current uncertain economic times makes the loan request necessary to support ongoing operations
Certify that the funds will be used to keep workers and make payroll, mortgage payments, lease payments and utility payments
Certify that the applicant does not already have an application pending for other payroll assistance under the CARES Act
Loan:
Borrowers can borrow 2.5 times their monthly payroll expenses (based on the average total monthly payroll costs for the prior year), or up to $10 million- whichever is less
Interest rate no higher than 4% (exact rate will depend on applicant’s situation)
No personal guarantee or collateral is required for the loan
Payments of principal, interest, and fees will be deferred for at least 6 months, but not more than 1 year
No prepayment penalties
The SBA has no recourse against any borrower for non-payment of the loan, except where the borrower has used the loan proceeds for a non-allowable purpose
If the full principal of the loan is forgiven, the borrower is not responsible for the interest accrued in the 8-week covered period
Any amount outstanding after considering the amount forgiven (see forgiveness section below) will be repayable over a term not to exceed 10 years, according to the loan terms agreed upon by the borrower and the lender
The loans will be unsecured and will not take precedence over existing debt instruments in terms of payment priority
Forgiveness:
Loan forgiveness is available for 8 weeks and may be applied to any time frame between February 15, 2020 and June 30, 2020.
Payroll costs (not to exceed $100,000 of annualized compensation per employee) at normal levels during the eight weeks following the origination of the loan
Average monthly payroll costs are calculated based on the one-year period prior to the loan disbursal date except for seasonal employers and employers not in business between February 15, 2019 and July 30, 2019.
In the case of seasonal employers, the employer may choose to calculate the average monthly payroll costs based on the 12-week period starting February 15, 2019 or the period starting March 1, 2019 through June 30, 2019.
In the case of new employers not in business between February 15, 2019 and July 30, 2019, the average monthly payroll costs is calculated based on the period beginning January 1, 2020 through February 29, 2020.
Costs related to the continuation of group health care benefits during periods of paid sick, medical, or family leave, and insurance premiums (excludes leave wages already covered by the Families First Coronavirus Response Act)
Employee salaries, commissions, or similar compensations such as severance payments, retirement benefits, and state and local employment taxes (Forgiveness may also include additional wages paid to tipped workers)
Payments of interest on any mortgage or other debt obligations incurred prior to February 15, 2020 (does not include payments or prepayments of principal)
Payment of rent on any lease in force prior to February 15, 2020
Payment on any utility for which service began before February 15, 2020, including electricity, gas, water, transportation, phone, and internet access for service incurred in the ordinary course of business
The amount of loan forgiveness may be reduced if the employer reduces the number of employees as compared to the prior year, or if the borrower’s total payroll expenses on workers making less than $100,000 per year decreases by more than 25%. Loan forgiveness will be reduced by the same amount, but a borrower will not be penalized by a reduction in the amount forgiven for termination of an employee made between February 15, 2020 and April 26, 2020, as long as the employee is rehired by June 30, 2020.
The amount forgiven is not considered taxable income to the borrower
Based on loan applications, it seems that at least 75% of the loan must be used toward payroll to be eligible for forgiveness. Less than 25% should go for other expenses if you want to have a good chance at forgiveness
Forgiveness Exclusions:
The loan can be used for other business-related expenses like inventory and federal taxes, but that portion will not be forgiven.
This loan makes the borrower ineligible for the Employee Retention Tax Credit. See more in the Business Tax Changes section below.
Forgiveness Documentation:
Documentation verifying the number of full-time equivalent employees on payroll and pay rates for the applicable periods, including payroll tax filings; and state income, payroll, and unemployment insurance filings
Documentation verifying payments on mortgage obligations, lease obligations and utilities, including cancelled checks, payment receipts, transcripts of accounts, or other documents
Any other documentation the SBA deems necessary
See more information below on how to apply, and rules if applying for both Paycheck Protection Program and EIDL.
Changes to the SBA’s Economic Injury Disaster Loans (EIDLs)
Another important aspect of the CARES Act for small businesses is that it expands eligibility for the SBA’s Economic Injury Disaster Loans (EIDLs). In early March, the SBA’s disaster loan program was extended to all small businesses affected by COVID-19, but the CARES Act opens this program up further and makes it easier to apply. This means that while a normal bank will be providing you with a loan, the SBA will be guaranteeing that loan to the bank. It will cover the loss should your business be unable to pay back the loan to the bank.
Eligibility:
Small businesses with fewer than 500 employees
Available to all 501(c) non-profit organizations with fewer than 500 workers
Available to some 501(d) and 501(e) non-profit organizations with fewer than 500 workers
Individuals operating as sole proprietors or independent contractors
Must have been operational on January 31, 2020.
Loan:
Loans are capped at $2 million
EIDLs can be approved by the SBA based solely on an applicant’s credit score
Interest rate is 3.75% for small businesses and 2.75% for non-profits
Repayment terms up to a maximum of 30 years
EIDLs that are smaller than $200,000 can be approved without a personal guarantee
Loans are made by SBA-approved lenders that have delegated authority to make the loans without approval from the SBA (no SBA Authorization required for each individual loan). This should help expedite the application and closing process.
The CARES Act has removed standard EIDL Program requirements that the borrower not be able to secure credit elsewhere
Deferments through December 31, 2020, will be automatic. Current borrowers of home and business disaster loans do not have to contact SBA to request deferment.
Forgiveness:
Applicant may request an expedited disbursement of up to $10,000 that is to be granted within three days of the request. The advance must be used for authorized costs but will not have to be repaid.
The grant can be used for:
Paid leave
Maintaining payroll
Increased costs due to supply chain disruption
Mortgage or lease payments
Repaying obligations that cannot be met due to revenue losses
See more information below on how to apply, and rules if applying for both Paycheck Protection Program and EIDL.
If Applying For Paycheck Protection Program And EIDL
Borrowers may apply for an EIDL grant in addition to a loan under the Paycheck Protection Program, provided the loans are not used for the same purpose. If an EIDL loan was obtained related to COVID-19 between January 31, 2020 and the date at which the Paycheck Protection Program becomes available, borrowers will be able to refinance the EIDL into the Paycheck Protection Program for loan forgiveness purposes. Remaining portions of the EIDL used for purposes other than those laid out in loan forgiveness terms for a Paycheck Protection Program loan, would remain a loan. If a borrower took advantage of an emergency EIDL grant award of up to $10,000, that amount would be subtracted from the amount forgiven under Paycheck Protection Program.
Applying For Paycheck Protection Program
The SBA will issue additional implementation guidance and regulations regarding the loan forgiveness process within 15 days after enactment of the CARES Act. Lenders are stating that they will start processing applications for small businesses and sole proprietorships on April 3. Independent contractors and self-employed individuals will be able to start applying on April 10. You can try calling your local SBA approved lender to see if they have any guidelines available at this time to start the process.
Applying For EIDL
Apply online by filling out the appropriate forms and providing your business’s information. Once you download the forms for your application, check off “economic injury” as your reason for filing. Then follow the instructions and fill in the necessary information. Once you re-upload your application, you can check the status of it at any time by visiting the website.
Be prepared with some financial information and supporting documentation related to your business, like two to three years of tax returns, last year’s financial statements, a year-to-date financial statement, property leases, and a working knowledge of your business and personal credit score. A full list of supporting documentation can be found at the bottom of your application form.
The average for SBA to issue a Disaster Loan decision is 21 days. Within that time frame, a loan specialist will be in contact with you to figure out the amount and parameters of the SBA disaster loan. Once the loan documents are signed, funds are deposited via ACH within 3 to 5 business days.
Stay in touch with your SBA loan representative at your local bank and SBA office.
https://www.sba.gov/funding-programs/disaster-assistance
Existing SBA 7(a) or Microloan Program Loans
For borrowers with existing 7(a) or microloan program loans, the SBA will pay principal, interest, and any associated loan fees for a six-month period starting on the loan’s next payment due date. Payment on loans that are on deferment will begin with the first payment after the deferment period. Please note that this relief will not include loans made under the Paycheck Protection Program.

Business Tax Changes
The CARES Act makes select changes to taxes and tax policies in order to ease the burden on businesses impacted by COVID-19.
Employee Retention Tax Credit (does not apply to a business that participates in the Paycheck Protection Program)– if your business operations were fully or partially suspended due to a COVID-19 shut-down order or gross receipts declined by more than 50% compared to the same quarter in the prior year, then you are eligible to receive a refundable 50% tax credit on wages (including health benefits) up to $10,000 per employee.
For businesses with greater than 100 full-time employees, the tax credit is only available to the extent wages are paid to employees who are unable to work as a result of a government shutdown order. (For businesses with fewer than 100 full-time employees, the tax credit is available for all employees, even if no government shutdown order was in place.)
The credit can be obtained on wages paid or incurred from March 13, 2020 through December 31, 2020.
Non-profits are eligible for the Employee Retention Tax Credit.
Employer Tax Deferral- Businesses and self-employed individuals can delay their payroll tax payments. These payments, the employer share of Social Security tax owed for 2020, can instead be deferred and paid over the next two years. 50% must be paid by the end of 2021 and 50% must be paid by the end of 2022.
Non-profits are eligible for the Employer Tax Deferral.
Employer Student Loan Contributions- Certain employer payments of student loans on behalf of employees are excluded from taxable income. Employers may contribute up to $5,250 annually toward student loans, and the payments would be excluded from an employee’s income.
Qualified Improvement Property-enables businesses, especially in the hospitality industry, to write off immediately costs associated with improving facilities instead of having to depreciate those improvements over the 39-year life of the building. The correction applies retroactively to 2018. QIP is now 15-year property and eligible for 100% bonus depreciation. (Taxpayers that placed QIP in service in 2018 and that filed their 2018 federal income tax return treating the assets as bonus-ineligible 39-year property should consider amending that return to treat such assets as bonus-eligible.) Amending that return can in turn result in an NOL for which the rules have been amended as well- see Net Operating Loss Limitations section below.
Interest Expense Deductions- Businesses will be able to increase their business interest expense deductions on their tax returns. For 2019 and 2020, the amount of interest expense businesses are allowed to deduct on their tax returns is increased to 50% from 30% of taxable income. These changes can in turn result in an NOL for which the rules have been amended as well- see Net Operating Loss Limitations section below.
Corporate Charitable Deduction Limit- temporarily increases the 10% limitation on charitable contribution deductions to 25% of taxable income. Excess contributions may be carried forward to future years, subject to the general charitable contribution carry-forward rules. These changes can in turn result in an NOL for which the rules have been amended as well- see Net Operating Loss Limitations section below.
Net Operating Loss Limitations- Businesses that have net operating loss (NOLs) have some limitations relaxed. If your business had an NOL in a tax year beginning in 2018, 2019, or 2020, that NOL can be now be carried back five years instead. The NOL limit of 80% of taxable income is also suspended, so firms may use NOLs they have to fully offset their taxable income.
Pass-through businesses and sole proprietors will also be able to take advantage of the relaxed NOL limitations. (There are additional rules that apply specifically to real estate investment trusts and life insurance companies.)
Alternative Minimum Tax Credits- Companies that were due to receive corporate alternative minimum tax (AMT) credits at the end of 2021 can instead claim a refund now, to improve cash flow during the COVID-19 emergency.