Tax
Apr. 30, 2020
COVID-19 response: Keep your employees, claim tax credits, or get forgivable loans
The Coronavirus Aid, Relief, and. Economic Security Act was passed after some marathon sessions in Congress to provide some needed economic relief to Americans during the deep economic fallout from the pandemic.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
The Coronavirus Aid, Relief, and. Economic Security Act was passed after some marathon sessions in Congress to provide some needed economic relief to Americans during the deep economic fallout from the pandemic. Paycheck Protection Program allows loans of up to $10 million at 1% interest to companies and nonprofits with fewer than 500 workers so they can cover two months of payroll and overhead expenses. If you retain your workers and do not cut their wages, the gover...
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