CARES Act

Paycheck Protection Program, Round 2: Can Your Business Receive Any of This Money?

On Friday, April 24, President Trump signed into law a new bill providing a much needed additional $310 billion into the Paycheck Protection Program (PPP), created under the CARES Act (Coronavirus Aid, Relief and Economic Security Act) to help small businesses keep employees on the payroll, and Economic Injury Disaster Loans (EIDL). Out of the …

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How to Get $1000 if You Are a Freelancer, Gig Worker or Independent Contractor

Under the CARES Act passed on March 27, 2020, independent contractors, gig workers, and freelancers affected by the coronavirus crisis are eligible to receive a government grant of $1000. The SBA sometimes refers to these grants as “advances,” but you are not required to repay this money to the government. The application process involves filling …

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How to Reduce or Delay Paying Your Bills During the COVID-19 Crisis

The COVID-19 pandemic is wreaking havoc on the finances of many people. Over 22 million workers have become unemployed in a short period of time. Unemployment benefits are available for laid off workers, freelancers, independent contractors, and gig workers, but the availability of some of those benefits has been delayed due to the crush of …

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IRS Launches Online Tool to Track the Status of Your Stimulus Payment and Have It Direct Deposited

On April 15, 2020, the IRS announced the launch of the “Get My Payment” online tool which provides individuals with a status of their stimulus payment, including: How the stimulus payment will be sent (direct deposit or mail) The date the money will be mailed or scheduled to be deposited to your bank account How …

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77 Companies that Are Offering Freebies Amid the Coronavirus Pandemic

We are in the midst of COVID-19, a global infectious disease pandemic also called Coronavirus, which has affected not just people’s health, but the social distancing mandate has affected the majority of businesses, too. I live in California where Governor Gavin Newsom has issued a mandatory, state-wide stay-at-home order except for essential jobs, errands and outdoor …

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Newly Available CARES Act Loans: 10 Things Small Businesses Need to Know

The federal government has recently enacted two pieces of legislation to help small businesses weather the COVID-19 crisis, including the CARES (Coronavirus Aid, Relief, and Economic Security) Act passed on March 25, which provides $349 billion in Small Business Administration (SBA) loans. The previous bill provided for $7 billion in additional loans. It is important …

Newly Available CARES Act Loans: 10 Things Small Businesses Need to Know Read More »

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