The new relief package, among other benefits, will allow for payments to be made to all taxpayers earning less that $199,000 per year. Additionally the legislation amends many state unemployment insurance programs to include self employed small business owners, who are typically not eligible.
It may be to your benefit to apply now with your local State’s Unemployment Agencies. Most Applications are completed online. We have listed the appropriate links for your state here: Florida, Illinois FAQ, Illinois Initial Application, North Carolina and Texas.
The Small Business Administration has been granted monies to lend or grant at exceptional terms to small businesses affected by COVID 19. Follow this link to view the SBA Application.
We would encourage all professionals interested in these programs to submit applications as soon as possible to ensure they are processed when the final legislation is signed into law.
If you are interested in additional information, this Fortune article offers a good synopsis of benefits for small business owners offered by the new stimulus package. Stimulus Package Benefits for Small Business Owners.
This is an unprecedented time in America and we will get through it if we share information. If you have questions or suggestions on information we should pass along to the A Suite Salon family, please let us know.
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