The CARES Act has established the Paycheck Protection Program (PPP) designed to help businesses overcome the corona-virus crisis. This Federally guaranteed loan program contains many incentives for businesses but also a number of exclusions. Contact us for help with your application filing.
President Trump signed the “CoronaVirus Economic Aid Act. Many of the provisions are aimed to help small businesses. Especially significant are tax relief options designed to stimulate cash flow and employment.
President Trump approved the “Coronavirus Assistance Act. Some of the provisions are intentionally designed to boost US economy by helping small businesses overcome financial hardships brought on by the virus. Many of the measures are aimed to allow businesses time to recover by giving them financial incentives to make up for lost revenues. Most of our own firm's clients have been adversely affected by Corona virus, which makes the passing of the CARES ACT a bit of good news and hope. (This article has been prepared by Milla Liberson - President of OnPoint Business Solutions, Inc. An independently owned and operated tax firm based out of New York, NY. This article will be updated as more information becomes available)
ECONOMIC AID HIGHLIGHTS FOR SMALL BUSINESSES & INDIVIDUALS
CARES Act is an economic stimulus designed to help small businesses overcome effects of corona virus
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