The Small Business Administration Launches the Paycheck Protection Program

April 7, 2020

The Coronavirus Aid, Relief and Economic Security Act (CARES Act) allocates nearly $350 billion to a new lending program through the Small Business Administration (SBA), aimed at helping employers cover their payrolls during the coronavirus (COVID-19) pandemic. The loans under the Paycheck Protection Program (PPP)…

COVID-19 Stimulus Package Offers Relief to Affected Individual Taxpayers

March 31, 2020

To help mitigate the financial and health crises related to the coronavirus (COVID-19), on Friday, March 27, 2020, President Trump signed into law the largest economic relief package in modern U.S. history. The $2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES Act) is…

CARES Act Provides COVID-19 Pandemic Relief to Businesses

March 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) represents the third phase of Congress’s legislative efforts to address the financial and health care crisis resulting from the coronavirus (COVID-19) pandemic. In addition to providing relief to individuals and mustering forces to shore up…

CARES Act will provide billions of dollars of relief to individuals, businesses, state and local governments, and the health care system

March 26, 2020

After extensive negotiations between the U.S. House of Representatives, the U.S. Senate and the White House, an agreement has been reached on a massive stimulus bill to address the financial and health care crisis resulting from the coronavirus (COVID-19) pandemic. As of this writing, the…

BREAKING: IRS FAQs Answer Filing, Payment Postponement Questions

March 25, 2020

In a series of frequently asked questions (FAQs) on its website, the IRS has provided answers with respect to its recently-announced guidance that postpones until July 15, 2020, the filing of returns and payment of taxes that were initially due on April 15, 2020. CAUTION!…