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Covid Taxes IRS5e698f273fa54
April 16 • 2020

Treasury and Federal Reserve Announce Main Street Lending Program For Small and Midsize Businesses

On April 9, 2020, the Department of the Treasury and the Federal Reserve Board announced additional incentives geared toward promoting maximum employment and stabilizing the economy, including a $600 billion low-interest loan program designed to fill in gaps in the recently enacted Small Business Administration's Paycheck Protection Program (PPP).  This program, called the Main Street ...

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April 2 • 2020

Business Tax Relief Under the CARES Act

Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act (the "Act") on March 27, 2020. The $2.2 trillion price tag for tax relief and incentives for individuals and businesses makes it the most expensive piece of legislation ever passed.