On March 27 President Donald Trump signed the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, into law. It includes a number of provisions designed to help employers and employees contend with a scaled-back workforce and other economic fallout. This is a $2 trillion package aimed at combating the economic damage from the coronavirus crisis.
Box Financial Advisors is providing a brief summary of some of the special provisions that relate to retirement plans and the payment of employment taxes. If you have questions about how any of the CARES Act provisions might impact your business, retirement or financial goals, please contact your Advisor today at 817-865-1811.