MASBO
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REDPATH INSIGHTS
- CARES Act Employee Retention CreditThe CARES Act approved by the Senate late Wednesday provides broad relief to many businesses and individualsโand you can see a summary of the Act by clicking here. Two major provisions that will impact businesses and their operational decisions immediately are the employee retention credit and the ability to delay payment of employer payroll taxes.
- CARES Act Paycheck Protection ProgramLate on the night of March 25, the Senate passed the CARES Act to provide emergency assistance to individuals and businesses impacted by the coronavirus pandemic. The $2 trillion bill passed unanimously and is now going to the House of Representatives where House Speaker Nancy Pelosi is expected to bring it to a vote soon.
- Senate Passes CARES ActLate on the night of March 25, the Senate passed the CARES Act to provide emergency assistance to individuals and businesses impacted by the coronavirus pandemic. The $2 trillion bill passed unanimously and is now going to the House of Representatives where House Speaker Nancy Pelosi is expected to take it up soon.