CARES Act Overview, April 16, 2020

 Registration is closed for this event

The expert panelists will cover the tax and small business loan implications of the CARES Act, the 2.2 trillion dollar Coronavirus Aid, Relief, and Economic Security Act. 

 

The small businesses that can qualify for the loans authorized by the CARES Act is extremely broad. The federal government is partnering with banks to expedite the processing of these loans.

 

The Act also contains numerous provisions to provide relief for out of work employees displaced by the Coronavirus pandemic, including expanded unemployment payments with relaxed qualifications and expedited processing, as well as direct subsidies of up to $1,200 per taxpayer, whether or not unemployed.

 

In addition, the Act contains provisions aimed to help large and small business alike weather the storm and continue to keep employees on payroll by providing payroll tax credits which for many employers will reduce end-of-quarter expenses. There is one provision, however, that could provide an immediate cash injection to businesses struggling to meet their ongoing operational expenses (i.e. the payroll protection loans). Unlike other provisions, this provision has the potential to provide assistance to a wide segment of small businesses whether or not they have suffered a dramatic downturn as a result of it.

 

When
April 16th, 2020 12:00 PM through  1:15 PM
Event Fee(s)
WEBCAST ONLY $50.00