Posts by John Hayes
NOW Corp Announces a Comprehensive Compliance and Application Program
The team at NOW Corp has been working (remotely!) throughout the past several weeks to continue to bring our clients and other small businesses the highest level of financial service possible. Last Friday, the Coronavirus Aid, Relief, and Economic Stability (“CARES”) Act was signed into law. This 880-page bill will do many things to help…
Read MoreCARES Payroll Loan is Not Really a Loan – It is a Tax-Free Grant
The Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act” or the “Act”) was enacted on March 27, 2020. The Paycheck Protection Program, Title I of the CARES Act provides $349 billion of tax-free cash grants to small businesses in the United States in the form of loans from financial institutions, 100% guaranteed by…
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