COVID-19 and CARES Act Resources

The Coronavirus Aid, Relief, and Economic Security (CARES) Act is the most massive stimulus bill in American history.  There are many economic relief provisions included.  Below is a summary of a few of the new provisions under the act.  Additional clarifying information is being made available daily, so please contact our offices if you need assistance navigating these options. 

Payroll Protection Program (PPP) – Forgivable SBA Loans

Economic Injury Disaster Loan (EIDL) – $10,000 non-repayable advance but no debt forgiveness

Employee Retention Payroll Tax Credit

Employer Deferral of Social Security Taxes

Individual Taxpayer Impact