The CARES Act – Insight for Working Professionals, Business Owners and Retirees

On Friday, March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act providing $2.2 trillion of fiscal stimulus to help the U.S. weather through the economic damage caused by the COVID-19 pandemic.

Important CARES Act provisions for the working professional
Many provisions in the CARES Act are specifically designed to help those working in corporate America today. This relief can be particularly important if their job is eliminated due to the sharp downturn in the economy.
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The CARES Act: What you need to know as a business owner
The Act provides approximately $2.2 trillion of fiscal stimulus including a $350 billion bank loan program for businesses, commonly called the “Paycheck Protection Program.”
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The CARES Act: What you need to know for retiring well
A significant portion of the CARES Act focuses on supporting businesses and their employees during the economic impact of the current pandemic. The legislation does, however, have two meaningful benefits and changes for retirees.
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About Brightworth – Founded in 1997, Brightworth is located in Atlanta, and McGill Advisors, a division of Brightworth, is in Charlotte.Visit https://www.brightworth.com/ for more information.