Business Tax Implications Due To Coronavirus Aid, Relief, And Economic Security Act (“CARES Act”)

Business Tax Implications Due To Coronavirus Below are the relevant business tax implications due to the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act"). Business Loans If you have fewer than 500 employees or are self-employed, you are eligible to apply for a business loan of up to $10 million. Interest rates cannot exceed 4% and some of the loan amounts could be forgiven if used within 8 weeks for the following costs: payroll (including health care and money paid to independent contractors), mortgage or rent and utility payments. If you reduce your headcount, the amount forgiven will be [...]

Business Tax Implications Due To Coronavirus Aid, Relief, And Economic Security Act (“CARES Act”)2020-03-30T10:22:08-07:00

How To Form A Business

Why Form A Business Entity?  The main reason to form a business is to earn profit.  Whether you operate as your own business or as a company or corporation or any other formal legal entity, the same reason applies - earn money.  However, the law offers various protections when forming a business.  The informed business owner should be familiar with the legal issues.   There are many legal issues to form a business.  If you are operating a business venture in your own name then you are legally at risk.  When you form a formal legal business entity, there are advantages [...]

How To Form A Business2020-04-19T12:35:38-07:00