The Paycheck Protection Program – part of the Coronavirus Aid, Response, and Economic Security (CARES) Act – was designed to get cash out quickly to small- and mid-sized businesses that are struggling during the current coronavirus pandemic, and incent them to maintain or rehire employees and keep their wages high. Listen in as Gene Marks talks with Mike Trabold, Director of Compliance at Paychex, and learn about the specific features of the Paycheck Protection Program, including business eligibility, loan forgiveness, and more.
For more information regarding COVID-19 and your business, including workplace health, business continuity, payroll processes, health insurance, financial assistance, new legislation, and more, visit our Coronavirus (COVID-19) Help Center.
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.