Category: CARES Act

File now to receive a CARES stimulus payment

Posted Tony NovakLeave a commentPosted in CARES Act, crisis management, IRS

Millions of Americans are eligible for a stimulus payment from the U.S. Treasury Department as part of the federal government’s corona virus crisis response but will not receive this money unless they take additional action. This blog post focuses on those estimated 400,000 to 500,000 who are otherwise eligible for a stimulus payment but have […]

Costs associated with Paycheck Protection Program application processing

Posted Tony NovakLeave a commentPosted in Accounting, CARES Act, Payroll, Small Business

I’ve publicized here and on other platforms that my firm and some affiliates will prepare and submit economic relief applications under the CARES Act without charge. But submitting the application is the easy part. Doing the required underlying accounting and assembling the documentation to support these loan and grants applications is potentially expensive. Of course, […]