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CARES Act – Individuals 3-28-20

CARES Act – Individuals Recovery Rebates          Eligible individuals are allowed a credit of $1,200 ($2,400 for joint filers), plus $500 for each qualifying child, for the first taxable year beginning in 2020. An eligible...

CARES Act – Business 03-28-20

CARES Act – Businesses Paycheck Protection Program (PPP) Loan Forgiveness Please see our website for a summary of this provision of the Act.  SBA- Emergency Injury Disaster Loan (EIDL) If you have applied for and received this loan, it can be refinanced as part...

Paycheck Protection Program Loan Forgiveness 3-27-20

Part of the CARES Act approved and signed on March 27, 2020 Covered loan is a loan guaranteed under paragraph (36) of section 7(a) of Small Business Act. Eligible participants are employers with less than 500 employees including sole proprietors, independent...