LFC blog is a blog about small business bookkeeping and income tax policy and preparation. We have also expanded our menu of services to include Social Security benefits analysis. For more information on LFC, visit our website at: www.lfconin.com
March 30, 2020
Data on the recently passed CARES ACT
Congress has recent acted to provide financial support for businesses and individuals impacted by the shutdown of the economy due to the Coronavirus outbreak. Below you find the details of the CARES Act that the president signed into law. Also provided is the IRS most recent information on the checks that will be going out as a result of this law.
https://www.congress.gov/bill/116th-congress/senate-bill/3548/text
https://www.irs.gov/coronavirus