The federal government has acted swiftly to provide fiscal relief to many individuals and businesses impacted by COVID-19 by enacting the $2.3 Trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act. The relief ranges from access to grants and loans to the waiver of required minimum distributions from IRAs.
In order to help individuals and business owners access the aid they may need and/or qualify for, we have put together a quick reference guide that summarizes the key programs and provides useful links. Please note, the information is subject to interpretation as additional details emerge around how the programs will be implemented. If you have specific questions, please contact your accountant or your Sage advisor as our tax team also stands ready to offer support.
The current crisis is unprecedented. But we believe good things can come from it, one of which is a stronger sense of how important it is to work together.
Stay healthy and stay safe.
This guide has been prepared for informational purposes only.
Sage Financial Group, Inc. is neither a law firm nor a certified public accounting firm and no portion of this guide’s content should be construed as accounting, tax, or legal advice.
Questions about how this information applies to the reader’s individual situation should be directed to appropriate accounting and/or legal advisors.