On March 27, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This act contained several programs which may affect you, your businesses, and/or your employees.
HMM’s tax department will has prepared an update on the tax implications. Included in this presentation are details on (a) Payroll Protection Program, (b) Employer Tax Credits, (c) Changes to the IRS Tax Code, (d) Stimulus Payments, (e) Employee Sick and Child Care Benefits, and (f) Small Business Administration's Emergency Injury Disaster Loan (SBA EIDL) Program.
Please contact our office with any questions or concerns.