The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for small businesses, as well as certain nonprofits and other employers. This guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA.
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Today, the Centers for Medicare and Medicaid Services (CMS) distributed a press release that summarizes their recent activities and actions in response to the Coronavirus Disease 2019 (COVID-19), as part of the ongoing White House Task Force efforts.