We hope this week’s news update finds you well and comfortable, wherever you’re sheltering in place. The effects of COVID-19 have reached farther than any of us could have imagined just a few weeks ago. Everyone has felt it socially, and too many have felt it physically. Somewhere in between are the number of people who are feeling the financial impact. This week’s news links will point you toward some resources if you fall into that last category.
Help For Small Businesses
Many small businesses are struggling, especially those that require direct contact with their clients. The U.S. Small Business Administration has a page full of helpful information on how to do business safely, as well as links for small business owners to help them find the assistance they need.
All About the CARES Act
At the end of last month, Congress passed the CARES (Coronavirus Aid, Relief and Economic Security) Act, providing economic assistance for workers, families and businesses across the U.S. Here’s a page from the U.S. Department of the Treasury with details and links to help you determine if you’re eligible. Find more explanation of what it’s all about at Taxfoundation.org, and further information in this page of FAQs from the New York Times. Smartasset has a helpful breakdown too, including the visual below:
Housing and CARES
The National Association of Realtors highlights specific details of the CARES act as it pertains to home ownership, mortgages, renting, credit and more. It might be of special interest to help you advise your clients if you’re a realtor, but if you live in a house you’re currently paying for (most of us) it’s relevant information.
Relief Around the Globe
Finally, if you’re wondering how other governments are providing assistance to their citizens, Taxfoundation.org has a whole page listing relief plans country-by-country.
Thanks for reading, and stay well!