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

thumbnail

The primary focus hence far surrounds payments to taxpaying residents, but what about small businesses? Under this program, little companies and nonprofits might get up to $10 million to cover payroll, utilities, mortgage interest, and rent. The Paycheck Protection Program isn’t the only relief offered to small company owners. Services can take benefit of a 50% refundable payroll tax credit, which not just assists small business owners but likewise keeps more employees employed. Experts argue that more relief might be offered for small organisations, sole proprietors, and the self-employed.

The Paycheck Protection Program isn’t the only relief used to little business owners. Companies can take advantage of a 50% refundable payroll tax credit, which not just helps small service owners but likewise keeps more employees utilized. Experts argue that more relief could be supplied for little services, sole owners, and the self-employed.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back To Top