Posts by Pedro Gonzalez, CPA


On March 27, 2020, President Trump signed the #Coronavirus Aid, Relief, and Economic Security Act (#CARESAct) into law. As described in our previous posts and client alerts, the law provides more than US$2 trillion in emergency economic relief to individuals and businesses affected by the coronavirus through numerous new stimulus and aid programs.   Paycheck Protection Program (PPP) – 7(a) Loan Program   Section 1102 of the...

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On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act, which provides relief to taxpayers affected by the novel coronavirus (COVID-19). The CARES Act is the third round of federal government aid related to COVID-19. We have summarized the top provisions in the new legislation below, with more detailed alerts on individual provisions to follow. Click here for a link to the full...

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Commissioner Chuck Rettig announced the IRS People First Initiative to provide immediate relief to help people facing uncertainty over taxes during the health crisis. Highlights of the key actions in the IRS People First Initiative include: Installment Agreements Existing Installment Agreements–For taxpayers under an existing Installment Agreement, payments due between April 1 and July 15, 2020 are suspended. Taxpayers who are...

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Senate Passes CARES Act

Senate Passes CARES Act


Posted By on Mar 26, 2020

Yesterday evening, the Senate passed an updated version of the Coronavirus Aid, Relief and Economic Security (CARES) Act. This bill is intended to be a third round of federal government support in the wake of the coronavirus public health crisis and associated economic fallout (the $8.3 billion in public health support passed two weeks ago and the Families First Coronavirus Response Act). The CARES Act builds on the two previous...

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Yesterday we shared the basics of the SBA Disaster Loans. Today we share information about the Florida Small Business Emergency Bridge Loan. Last week we posted How to Overcome the Impending Economic Downturn, a Guide for Business Owners. If you haven’t read it yet, I recommend that you do it today. Emergency Bridge Loan The Florida Small Business Emergency Bridge Loan Program is currently available to small business owners...

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