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

Reinforce your cybersecurity defenses regularly | business consulting services in hunt valley md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Reinforce your cybersecurity defenses regularly

If you’ve been in business for any amount of time, you probably don’t need anyone to tell you about the importance of cybersecurity. However,…
Providing fringe benefits to employees with no tax strings attached | tax accountants in baltimore city | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Providing fringe benefits to employees with no tax strings attached

Businesses can provide benefits to employees that don’t cost them much or anything at all. However, in some cases, employees may have to pay…
Employers: In 2023, the Social Security wage base is going up | cpa in baltimore county md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Employers: In 2023, the Social Security wage base is going up

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $160,200 for 2023…

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.