COVID-19 Alert #5 - Federal Stimulus Package

The Senate passed the ‘‘Coronavirus Aid, Relief, and Economic Security Act’’ or the ‘‘CARES Act’’ on March 25, 2020. The bill will now go back to the House and is expected to be signed by President Trump by Friday, March 27, 2020. The bill provides for direct cash payments for qualifying individuals. It also greatly expands the duration of, total amount of, and types of individuals qualified for unemployment. It also expands aid for small businesses. Below are some of the highlights of the CARES Act and how it may benefit your business.

Read the full client alert below.