SBA PPP Loan In March 2020, Congress created the Paycheck Protection Program (“PPP”) to support small businesses through the financial difficulties posed by the COVID-19 epidemic. One of the most attractive features of an SBA PPP loan is its ability to be converted into a grant if the recipient business owners uses the funds for
CARES Act
The CARES Act – Coronavirus Aid, Relief, and Economic Security
On March 27th, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was put into effect, which will provide taxpayers and businesses significant tax and non-tax relief during these unprecedented times. Individuals and businesses should remain informed about the tax and non-tax implications of the legislation and The CARES Act. WHAT INDIVIDUALS CAN EXPECTIf