Discussion focusing on §1110 of the Coronavirus Aid, Relief, and Economic Security Act, also known as CARES Act. The section focuses on Economic Injury Disaster Loan (“EIDL”), which also contains a grant component for small businesses. EIDL is yet another package adopted by Congress designed to help small businesses to survive economic downturn caused by COVID-19. Application link is available at https://covid19relief.sba.gov/#/.
Published April 13, 2020 by Yuri Starikov
Published April 7, 2020 by Yuri Starikov
Discussion focusing on Sections 1102 & 1106 of the Coronavirus Aid, Relief, and Economic Security Act, also known as CARES Act. CARES Act Sec. 1102 covers essentials for obtaining loan under Paycheck Protection Program. CARES Act Sec. 1106 covers steps leading to forgiveness of the loan obtained under Paycheck Protection Program.
Published April 6, 2020 by Yuri Starikov
Discussion focusing on Sec. 2302 of the Coronavirus Aid, Relief, and Economic Security Act, also known as CARES Act. CARES Act Sec. 2302 Covers Delay of Payment of Employer Payroll Taxes.
Read More Delay of Payment of Employer Payroll Taxes under CARES Act
Published April 5, 2020 by Yuri Starikov
Discussion focusing on Sec. 2301 of the Coronavirus Aid, Relief, and Economic Security Act, also known as CARES Act. CARES Act Sec. 2301 Covers Employee Retention Credit for Employers Subject to Closure Due to COVID-19.