Corona Virus Relief (CARES ACT)
Today we’re talking all about the Corona Virus Relief (The Cares Act)
Tax and loan issues summary article from Forbes:
https://www.forbes.com/sites/anthonynitti/2020/03/25/congress-reaches-agreement-on-a-coronavirus-relief-package-tax-aspects-of-the-cares-act/#3d3a762f5f99
Other issues article from Forbes:
https://www.forbes.com/sites/kellyphillipserb/2020/03/25/senate-passes-coronavirus-stimulus-bill-house-expected-to-follow-suit/#29cd2bb94475
Here is an article on how Enhanced Unemployment Benefits will work: https://www.americanactionforum.org/insight/enhanced-unemployment-benefits-in-the-coronavirus-aid-relief-and-economic-security-cares-act/
More detailed information on the Paycheck Protection Program:
https://bench.co/blog/operations/paycheck-protection-program/
Text of Bill (Scroll down in the link)
https://www.congress.gov/bill/116th-congress/house-bill/748/text
SBA rules for PPP loans (4/4/2020)
https://www.sba.gov/sites/default/files/2020-04/PPP–IFRN%20FINAL_0.pdf
Heroes Act, COVID-19 Tax & PPP Updates
Heroes Act, COVID-19 Tax & PPP Updates, originally posted By Ron Cohen, CPA on 5/16/20 Dear Clients and Friends: Further to my email yesterday, after a procedural vote in the morning, at 9:26pm EST, the House finalized passage of the Heroes Act. Deloitte, with a staff of writers, covers the House passage of this monumental…
Impact Payments For Deceased People & PPP’s 8 Week Spending Problem
Forbes: The IRS Wants Its Money Back – Stimulus C…
2020 Deficits and Potential Payroll Tax Holiday
California Health Insurance Penalty:
https://www.…
We Need a Little George Washington in All of Us
Dear Clients and friends,Feel free to send us a feedback (opens in a new window) We need a little George Washington in all of us. After much negotiation in Congress and with the Administration, “President Trump on Friday signed legislation providing $484 billion to replenish a popular small business lending program and support hospitals and COVID-19…