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General Business April 2020 - "CARES Act - Coronavirus Aid, Relief, and Economic Security Act"

General Business April 2020 - "CARES Act - Coronavirus Aid, Relief, and Economic Security Act"

Excerpt

CARES Act - Coronavirus Aid, Relief, and Economic Security Act

On March 27, President Donald Trump signed into law a historic $2 trillion stimulus package designed to provide economic relief to individuals and businesses affected by the coronavirus pandemic.

Our aim in this alert is to give a brief overview of both the tax and non-tax provisions of the government’s new stimulus legislation, including what type of assistance is available for individuals and businesses, how to apply for it, and what to do if you become unemployed. The summary is divided into two sections, one for individuals and one for businesses. .............

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