How the CARES Act expanded Unemployment Insurance Benefits The CARES Act includes programs to expand unemployment benefits for regular beneficiaries and to those who would not normally receive these benefits, such as sole proprietors and self-employed individuals. Unemployment benefits are a lifeline for many who have lost work in the wake of the current health…
What is the Employee Retention Credit? Businesses that have been impacted financially by COVID-19 may be able to take advantage of a new, refundable tax credit called the Employee Retention Credit. The credit is designed to encourage businesses to keep employees on their payroll and is worth 50 percent of qualifying wages up to $10,000…
The Coronavirus Aid, Relief, and Economic Security (CARES) Act authorized economic stimulus checks for millions of American taxpayers. Who is eligible for a stimulus check? All Americans with an Social Security Number: that are not under 17 or claimed as a dependent check recipients are required to have a SSN for themselves, their spouse, and…
The Cares Act expanded the existing SBA Economic Disaster Loan Program The SBA Economic Injury Disaster Loan is also available to small businesses and non-profit organizations that suffer economic injury as a direct result of a declared disaster. This includes but not limited to retailers, restaurants, owners of rental property, wholesalers and others. This loan…