Do you need relief from all the changes that have come to your life because of the impact of the Coronavirus?
Our program will work for individuals who do not have payroll. It will also work for individuals who only have rental properties. As long as they have a business.
Lee Phillips and Ben Rucker will walk you through the intricacies of the new Federal relief package, known as the CARES Act. Take advantage of our over 40 years of experience to help you navigate the onerous government applications to get the relief you need.
We started by reading the 800 pages of the new law and have continued wading through all the government updates to make sure you have the information you need. Our new course, CERT: COVID-19 Economic Relief Tutorial, will guide you through the application process and beyond, clear through next year’s tax season to make sure you can take advantage of the small business tax credits from these bills that few people seem to know about.
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Penetrating the Bureaucracy to Get Relief Under the Coronavirus Aid Bills for Small Businesses
- How to fill out the application for the Paycheck Protection Program (PPP)
- How to gather everything needed to make your application for an SBA Loan
- SBA forgivable loans to pay wages, mortgages, utilities, etc. for your company
- SBA emergency grant up to $10,000 (you don’t pay it back)
- Withdraw retirement funds penalty free up to $100,000
- SBA low interest disaster loans up to $2,000,000
- Defer payroll taxes Sec 2201 to 2021/2022
- Recovery rebates $2,400 per couple or $1,200 single
- Get cash for NOLs (net operating losses) in 2018, 2019, 2020
- Employee retention credit up to $10,000/employee
- Sick employee payroll tax credit up to $2,000/employee/quarter
- Free updates as the government continues to clarify and change legislation
NOTE: The EIDL loan does not require payroll and it includes a $10,000 forgivable grant. If someone has wages it’s better for them to apply for the PPP. If they don’t have wages it’s better for them to apply for the EIDL.