Payment Protection Plan Update

Payment Protection Plan Update

As we approach year end for many of you, tax planning still has some uncertainties. Many business clients received financial assistance through the Paycheck Protection Program (PPP). The PPP is essentially a government loan that can be forgiven if the proceeds are used to pay certain qualifying expenses, mainly compensation to employees. There has been

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Paycheck Protection Program (PPP)

The Paycheck Protection Program (PPP) has been touted as relief for small businesses, giving small businesses cash to survive during this unprecedented time. The program features a component of forgiveness for payroll costs paid within eight weeks of funding. The program is clear that this forgiveness will not be taxable to the borrower. While the

CARES Act

CARES Act

On Friday, March 27, 2020, the President signed phase three of the COVID-19 relief acts, also known as the CARES Act , in order to assist Americans with the current pandemic. The CARES Act provides much needed stimulus to small businesses, families, individuals, and hospitals in response to the economic distress caused by COVID-19. The CARES Act provides

COVID-19 Resources

COVID-19 Resources FINANCIAL RELIEF The Coronavirus Aid, Relief, and Economic Securities Act  | CARES Act IRS.gov Coronavirus Tax Relief Home Page |  COVID19 Tax Relief IRS.gov COVID19 Related Tax Credits for Required Paid Leave | FAQs US Small Business Administration |  COVID19 Small Business Guidance & Loan Resources US Small Business Administration Disaster Loans by

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COVID-19 Response

We recognize that with the constantly changing COVID 19 situation, this is an unprecedented time for everyone. The team at cHb Advisors is here to help navigate you through these difficult times. We are working diligently to gather and disseminate valuable information for your business. Please monitor your inbox tomorrow, Thursday, March 26, 2020 for

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