CARES Act Programs: Eligibility, Applicability & Forgiveness

The COVID-19-related stimulus package (CARES Act) has created many relief programs to support businesses during this pandemic. It has also resulted in many questions for businesses to address, and each can impact a business differently.

K·Coe Isom’s advisors have been following the latest updates and guidance and providing expert recommendations on disaster relief programs, and helping businesses with Paycheck Protection Program (PPP) applicability and guidance.  If your business is struggling to keep up with the new PPP Loan Forgiveness requirements, or does not have adequate resources to implement best practices for your business and employees, K·Coe can provide these services:

  • PPP Loan Forgiveness application instruction
  • Payroll calculations
  • Expense tracking
  • Assistance with forgiveness reporting

If you have questions regarding the applicability of any relief programs for your business, or would like help with loan forgiveness tracking, reporting or calculations, please click the button below to enter your information.

Recent COVID-19 Insights

How the Coronavirus Tax Credits Work Under the New Paid Leave Provisions

By K·Coe Editorial | March 19, 2020

Reading Time: 4 minutes The Senate overwhelmingly passed a coronavirus package that would provide small businesses with a tax credit for paid sick leave.  Here is a summary of what is available for eligible employers, and how to apply it. Emergency Paid Sick Leave Eligibility:  Employers with fewer than 500 employees. Applicability:  A covered …

Read moreHow the Coronavirus Tax Credits Work Under the New Paid Leave Provisions

Navigating Disaster Loan Eligibility

By K·Coe Editorial | March 18, 2020

Reading Time: 3 minutes While President Trump has declared a National Emergency on the federal level in response to COVID-19, it is dependent upon the Governor of each affected State to officially declare the emergency as well.  This declaration would provide eligibility for businesses to apply for disaster assistance and provide loans to help …

Read moreNavigating Disaster Loan Eligibility

Washington DC

Tax Updates for COVID-19

By K·Coe Editorial | March 18, 2020

Reading Time: < 1 minute As we continue to monitor the financial and tax implications stemming from the impact of COVID-19, it’s important to sort through the proposals and speculation and remain focused on tasks at hand. At this time, the IRS has extended the PAYMENT deadline by 90 days, but the deadline to FILE …

Read moreTax Updates for COVID-19