023: What You Need to Know About the COVID-19 Stimulus with Doug Mayr
May 28, 2020
Our country’s response to the COVID-19 crisis seems to be changing not just day-by-day, but minute-by-minute. Between the CARES Act, the stimulus package, PPP loans, the HEROES Act recently passed in the House, and other forms of financial relief, it’s never been harder to make sense of what’s available – or how to take advantage of it.
Helping me navigate the COVID-19 stimulus is Doug Mayr. Doug is a Managing Partner at BHM, a regional CPA firm here in Columbus. We have a number of mutual clients, and I often rely on him as a great resource to better understand what’s going on in the financial world.
Whether you’re preparing for retirement, managing investments for your business, or wondering how to give the best advice to your friends, employees, or clients at this time, today’s episode will help you understand what’s been made available and how to make the most of it.
Here are just a handful of the things that we'll discuss:
- Whether your stimulus check was based on your 2018 or 2019 income – and what to do if you didn’t qualify.
- Forms of financial relief available to individuals who have been laid off or furloughed over the last several months – and how self-employed individuals can apply for CARES Act relief money provided in addition to conventional unemployment.
- Who the Payroll Protection Program is for, what you may be eligible for, and how business owners claim it.