Insight

Paycheck Protection Program Application Now Available

The Paycheck Protection Program application is now available for small businesses and not-for-profits that wish to apply for benefits under the Small Business Administration’s new disaster assistance loan program.

The Paycheck Protection program, launched as part of last week’s Coronavirus Aid, Relief and Economic Security (CARES) Act, offers smaller employers financial relief which, when used for employee salaries, sick and medical leave, insurance, and mortgage and rent, will not need to be repaid.

Eligible employers include 501(c)(3) and 501(c)(19) not-for-profit organizations and businesses with less than 500 employees, sole proprietors and self-employed professionals.

Access the application by clicking here.

We will continue to provide updates as they become available. WCS is here to help you navigate through this time of uncertainty. Please do not hesitate to call our offices and speak to your representative about how this could affect your situation and how WCS can help you during this unprecedented and challenging time.

Related Insights

Discover if you qualify for “head of household” tax filing status | cpa in harford county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Discover if you qualify for “head of household” tax filing status

When we prepare your tax return, we’ll check one of the following filing statuses: single, married filing jointly, married filing separately,…
Are you a tax-favored real estate professional? | accounting firm in bel air md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Are you a tax-favored real estate professional?

For federal income tax purposes, the general rule is that rental real estate losses are passive activity losses (PALs). An individual taxpayer…
Should your nonprofit outsource to an AMC? | business consulting and accounting services in elkton | weyrich, cronin and sorra

Non-Profits

Should your nonprofit outsource to an AMC?

If you’re like most nonprofit leaders, you want to dedicate your time to mission-critical work. But if you run a relatively new nonprofit with…

Connect with us

Use the form below to send us an email. WCS responds directly to all inquiries and general questions within 24 hours of posting.

This contact form is deactivated because you refused to accept Google reCaptcha service which is necessary to validate any messages sent by the form.