The information below supplements our SBA loan article published on Monday. It shares more characteristics and mechanics related to the loan application.
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief and Economic Security (CARES) Act, which provides for delayed payment of certain employer payroll taxes as well as a credit against payroll taxes for employers subject to COVID-19 related closures.
Late last week, the CARES Act was signed into law, a massive piece of legislation aimed at providing financial relief to businesses and individuals affected by the COVID-19 pandemic.
As our world struggles to face the health, humanitarian, and economic challenges of the COVID-19 pandemic, our communities are desperately in need, and for those in a position to help, never was there a better time to do so.
The Coronavirus Aid, Relief and Economic Security (CARES) Act contains several key provisions affecting financial institutions, in addition to its various loan programs.
On Friday, March 27, the President signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act.
This article will summarize some of the key financial reporting implications of the Coronavirus pandemic impacting 2020 financial reporting as well as December 31, 2019 financial statements still being finalized.