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Fast on the heels of passing the Families First Coronavirus Response Act, a law which ensures paid leave and unemployment benefits for employees affected by the COVID-19 pandemic along with payroll tax credits for affected employers), Congress passed and the President signed the CARES Act, a massive economic relief package with numerous tax breaks, on March 27, 2020.
The CARES Act is designed to boost the economy with over $2 trillion in relief, ranging from individual rebates and small business loans to increased unemployment benefits and a wide variety of tax breaks.
We are learning how the Families First Coronavirus Response Act and the CARES Act will affect our clients and friends. We are here for any assistance you may need or questions you may have regarding how the Act will affect you.