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


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

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