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

/Ron Cohen, CPA, MST

Posted in Tax Update with Ron

Office Habits That Could Be Burning You Out

Are you aware that there are office habits that could be burning you out? Whether one works at a small start-up or a multinational company, hardly anyone is exempt from stress. While feeling tired is normal, it’s important to know when you’re starting to burn out. It’s the point where you lose the interest and…

The IRS is Not a Bully

The IRS is not a bully. To stop the harassment, did a parent ever tell you to poke the neighborhood bully in the nose? How’d that work out for you? It was effective but painful, right? I know. Without question, the IRS is an important part of our government and absolutely vital to its success…