The IRS has just unveiled its" People First Initiative" which suspends many of its traditional collection and enforcement activities through July 15th.
As new information becomes available, covid relief options are growing. This article is designed to summarize the available (and pending) help for businesses.
Self employed individuals may be eligible for refundable credits to replace lost earnings due to Covid.
The President signed H.R.6201 : "the Families First Coronavirus Response Act" on March 18th which provides: a) paid leave benefits to employees; b) tax credits for employers and self-employed taxpayers; and c) FICA tax relief for employers. (Updated 3/23/2020)
The SBA is offering special Disaster Loan Assistance for small businesses who have suffered an economic loss in declared disaster areas.