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As everyone deals with the impact of the Covid-19 pandemic, business owners need to adjust priorities, reevaluate all aspects of their business, refine messaging and, yes, also plan for the recovery because it will come.

With the recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act, the federal government recognized that many individuals and families were struggling and had an immediate financial need to help cover lost wages.

The spread of the coronavirus has forced governments across the globe to enact far-reaching stimulus measures in an attempt to blunt the unfolding economic slowdown.

On March 27, 2020, the President signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2.2 trillion economic stimulus package legislated to provide immediate relief for nonprofits, businesses, individuals and state and local governments in response to the COVID-19 pandemic.

By Louis F. LiBrandi, EA, CEBS, ChFC, TGPC, Principal This Alert includes recently-issued information in Notice 2020-18, which the IRS developed […]