In this week’s Wednesday episode (April 15, 2020) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather Cozby clarified what actions non-filers and Social Security recipients need to take to receive their Economic Stimulus Payments and further explained how the SBA Economic Disaster Loan grant portion is being calculated. She also made an important point about [...]
In this week's Wednesday episode (April 8, 2020) of the Town of Plymouth's "COVID-19 Daily Update," Heather Cozby addressed the gap between the government programs being set up and the current lack of cash flow. She discussed the status of the Economic Stimulus Payments and Payroll Protection Program, as well as unemployment benefits and Economic Disaster [...]
It is estimated that over 100 million consumers were carrying some form of credit card debt when COVID-19 became a worldwide pandemic. Approximately 60% of credit card holders carry debt month-to-month. But with unemployment numbers soaring, getting out of credit card debt may become increasingly difficult. Banks are beginning to become nervous and are tightening their [...]
Along with the paramount health concerns right now, you may be wondering about some of the recent tax changes meant to help everyone coping with the coronavirus fallout. I want to update you on the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Congress' gigantic economic stimulus package that the President signed [...]
The following represents a summary of the recently-signed-into-law CARES Act - also referred to as the Stimulus Package. Specifically, we are providing a summary of the Paycheck Protection Program. Title 1 of the CARES Act, entitled "Keeping American Workers Paid and Employed Act," provides relief for small businesses and their employees who are adversely affected by [...]
