The recently passed Corona Aid, Relief, and Economic Security Act (CARES act) provides aid to businesses as well as individuals effected by the COVID-19 pandemic.
We’ve outlined key provisions of the CARES Act for both individuals and businesses, including the following:
Tax rebate checks
Withdrawals from retirement accounts
Employee retention credit
Deferral of the employer’s share of payroll taxes
We also have an explanation of the new Small Business Administration loan program offering financial assistance to businesses effected by the COVID-19 pandemic. There are important details within this program governing the amount of potential aid available. These details require businesses and advisers to pay close attention in order to maximize the potential benefits.
We encourage you to join us for our webinar this Friday, April 3 from 10-11 a.m. CDT, to learn more about how the SBA and Eide Bailly can help your business during these uncertain times.
Register Here
We have also created a resource page on our website with up-to-date information, frequently asked questions and more.
We know this is a confusing and complex time. We’re here to help. Don’t hesitate to reach out to us if you have questions or concerns.
Contact Us