The CARES Act generally provides assistance to individuals who are unemployed, partially unemployed, or unable to work due to COVID-19. The CARES ACT provides for the following unemployment benefit programs: Pandemic Unemployment Assistance (PUA) – this program will extend benefits to those individuals who are not otherwise eligible for unemployment benefits (i.e. independent contractors, self-… [keep reading…]
Category: COVID-19
CARES Act – SBA Loan Enhancements
The Congress recently passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act in response to the COVID-19 pandemic. The CARES Act was designed to stimulate the economy with over $2 trillion in relief and provide support for taxpayers. Loan Enhancements were added to the Small Business Administration Loan Programs under the CARES Act. Please… [keep reading…]
CARES Act – Individual Provisions
The Congress recently passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act in response to the COVID-19 pandemic. The CARES Act is designed to stimulate the economy with over $2 trillion in relief and provide support for taxpayers. Below are certain CARES Act highlights, tax law changes, and Frequently Asked Questions with respect to… [keep reading…]
CARES Act – Business Provisions
The Congress recently passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act in response to the COVID-19 pandemic. The CARES Act is designed to stimulate the economy with over $2 trillion in relief and provide support for taxpayers. Below are certain CARES Act highlights, tax law changes, and Frequently Asked Questions with respect to… [keep reading…]
SBA Loan Program and Application Process
The Small Business Administration (SBA) has expanded its Economic Injury Disaster Loan program to provide working capital loans of up to $2 million to give much needed economic relief and support to small businesses across the country. To learn how you can apply for a loan keep reading and if you have any questions please… [keep reading…]
Family First Coronavirus Response Act
On March 18, 2020, President Trump signed the Family First Coronavirus Response Act. Included in this law, was a refundable credit for paid sick leave and paid family leave taken on the Employer’s Quarterly Federal Tax Return (Form 941). Employers with fewer than 500 employees must provide an employee with paid sick time if the… [keep reading…]
TBC Update – COVID-19
Like you, we at TBC are continuously monitoring developments regarding the coronavirus (COVID-19). We appreciate the trust you have placed in us, and are committed to the well-being and safety of our staff, clients and community. We are reaching out to assure you that we remain fully staffed, and are committed to providing the level… [keep reading…]
TBC and COVID-19
At Teal, Becker & Chiaramonte, CPAs the health and well-being of our staff and clients is our top priority. We understand the concern and uncertainty you may be experiencing surrounding the coronavirus (COVID-19) and are committed to being informed and responsive. We are carefully monitoring the situation and following all guidance from our local, state,… [keep reading…]