Varnum (Michigan): CARES Act: Maximizing Relief

On March 27, 2020 the Coronavirus Aid, Relief and Economic Security Act (CARES Act) was enacted to encourage eligible employers to keep employees on their payroll, despite economic hardship caused by COVID-19, by creating Payroll Protection Program loans, providing an employee retention tax credit and permitting certain employment taxes to be deferred. However, eligible employers cannot benefit from all of these relief provisions. So how do eligible employers take full advantage of the relief provided for in the CARES Act? MORE.

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