May 4, 2021 | Uncategorized
These grants provide an emergency advance of up to $10,000 to small businesses and nonprofits harmed by COVID-19 within three days of applying for an SBA Economic Injury Disaster Loan (EIDL). To access the advance, you first apply for an EIDL and then request...
May 4, 2021 | Uncategorized
The Paycheck Protection Program (PPP) is an SBA Loan that helps businesses keep their workforce employed during the COVID-19 crisis. The government will forgive all PPP loans if all employees are kept on the payroll for eight weeks and the money is used for payroll,...
May 4, 2021 | Uncategorized
This program will provide immediate relief to small businesses with non-disaster SBA loans, in particular 7(a), 504, and microloans. Under it, SBA will cover all loan payments on these SBA loans, including principal, interest, and fees, for six months. This relief...
May 4, 2021 | Uncategorized
The CARES Act includes business tax relief including employee retention credits, delayed payroll payments, increased business interest deductibility, and accelerated recovery of alternative minimum tax credits among other forms of relief. The following paragraphs...
May 4, 2021 | Uncategorized
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), a $2.3 trillion aid package designed to help the economy as it suffers from the effects of the coronavirus pandemic, contains several provisions that affect employee benefit plans. Key provisions as...
