Small Business Planning

What the CARES Act Means for Small Business Owners The $2 trillion, 900-page Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020 is a historic package that seeks to provide support to individuals, families and businesses during this “social distancing” recession. If you’re a small business owner, you may qualify for a chunk of this change, which includes $500 billion for support to industries hurt by the crisis, and $400 billion in tax credits for wages and payroll tax relief. This small business support will come in several forms: • Paycheck Protection Program • Employee Retention Credit • Deferral Read More

What The Newly Passed CARES Act Means For You The Coronavirus has infected our life in many ways. Family and friends are sick, quarantined or under a stay-in-place order. The stock market is increasingly volatile. The kids are out of school. Restaurants and shopping malls are closed. More than three million unemployment claims were filed in one week. If you are laid off or you have closed your business, you know the headlines. After much deliberation, Congress responded. President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act, (CARES Act), a $2 trillion stimulus package to Read More