How The CARES Act Coronavirus Stimulus Package Could Help Your Small Business & Employees

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The main focus thus far surrounds payments to taxpaying citizens, but what about little businesses? Under this program, little organisations and nonprofits may receive up to $10 million to cover payroll, utilities, home mortgage interest, and lease. The Paycheck Protection Program isn’t the only relief offered to little company owners. Businesses can take advantage of a 50% refundable payroll tax credit, which not only helps small company owners but likewise keeps more workers utilized. Professionals argue that more relief could be provided for little services, sole owners, and the self-employed.

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