CARES ACT

CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT OF 2020

The Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020 has been passed in response to the COVID-19 pandemic. Summaries of key provisions and the ways in which they directly affect individuals and businesses are linked below. Please note, this is not intended to serve as an all-inclusive summary and clients should refer to the complete CARES Act for more information. Should you have any questions, please do not hesitate to contact our office.

 

Notable Provisions

Affecting Individuals

Highlights include details on Recovery Rebates being issued directly to taxpayers, Student Loan updates, Tax implications, Retirement Planning Distribution changes and Unemployment Benefit increases.

Notable Provisions

Affecting Businesses

Highlights include the Paycheck Protection Program, details on applying for EIDL Grants, Tax updates and changes for employer-sponsored retirement plans.

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Securities offered through GWN Securities, Inc. Member FINRA & SIPC. 11440 N Jog Road - Palm Beach Gardens, FL 33418 - (561) 472-2700 Investment Advice offered through Latitude Advisors, LLC. Registered Investment Advisor. Southern Capital, LLC, Latitude Advisors, LLC and GWN Securities, Inc. are not affiliated companies.