To all our clients:
Re: Cares Act
As you may have heard, The President signed into Law the Cares Act. The Treasury Department is in the process of preparing the regulations and should issue these within the next two weeks, and likely sooner than later. Below are some critical points that every small business should consider. We will be here to assist as the regulations are finalized; until then, in light of the evolving changes, consider NOT taking any employment action until the regulations are issued and considered.
Please read the Committee on Ways and Means excerpts below and the attachment regarding the payroll protection plan.
The Senate CARES Bill: Helping Small Business
March 25, 2020 — Blog
Senate Republicans and Democrats have unveiled legislation to provide emergency relief to workers, families, small businesses, and distressed industries. The full package is big, targeted, and will make a difference. Here are the small business details.
Rene Pena CPA