The Coronavirus Aid, Relief, and Economic Security (CARES) Act passed March 27, 2020 by the House. The act makes small businesses with 500 or fewer employees eligible for emergency grants and a forgivable loan program. There are also changes to rules for expenses and deductions meant to make it easier for small businesses to keep employees on the payroll and open for business. The legislation helps small business pharmacies' employees as well, which is important as they are serving on the front lines of care during this pandemic.
NCPA has a summary of the relevant provisions available here, in addition to a webinar on Thursday, April 2. Be sure to join the webinar to learn how your pharmacy might benefit.
REGISTER FOR THE WEBINAR: How the CARES Act Can Help Improve Cash Flow and How to Act on It
Thursday, April 2 from 8-9 p.m. ET
The CARES Act includes important relief for small businesses including emergency grants, a forgivable loan program, changes to rules for expenses and deductions meant to make it easier for small businesses to keep employees on the payroll and open for business. Accounting experts, Ollin and Scotty Sykes of Sykes and Co., P.A. will breakdown the bill and outline specific actions you can take as a business owner to take advantage of the many resources available.