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Archive: March 2020

Coronavirus SBA Loan Forgiveness

On March 27, 2020, President Trump signed into law H.R. 748 the “Coronavirus Aid, Relief, and Economic Security Act” or the “CARES Act.” Section 1106 creates an SBA loan forgiveness program that any employer should seriously consider as the program…

IRS Corna Virus/COVID-19 Tax Relief

IRS has extended the April 15 deadline for filing tax returns until July 15, according to Treasury Secretary Steven Mnuchin and IRS Notice 2020-18 posted by IRS on March 20. This is a change from a prior IRS announcement that…

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