Information on Coronavirus Stimulus Packages

Information on Coronavirus Stimulus Packages

All of the acts, programs, loans, etc that have been released with the Coronavirus Stimulus Packages can get confusing. If you have tax clients that are small business owners or employees, Tax School friend and contributor Larry Gray, CPA is here to help you understand all the programs that the new stimulus package has to offer.

Larry discusses the stimulus loans, the stimulus unemployment, the paid sick leave, payroll help, and stimulus tax credits. He also covers the forgivable loan that the stimulus bill brings us. These are known as the Employee Retention Credit; Payroll Protection Program; The Coronavirus Aid, Relief, and Economic Security Act (CARES Act); the Economic Injury Disaster Loan; and the Family First Coronavirus Response Act.

Video created by Larry Gray, CPA of AGC Solutions

AGC Solutions does not provide tax, legal or accounting advice. This content has been prepared for informational purposes only and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. Also, tax law is ever-changing and every effort should be made to seek out the most current information. Make sure to check date of published content to ensure most current information.