By Nick Stamatakis
A few minutes ago I received this interesting video from our good friend and trustworthy, very knowledgeable and experienced CPA, Margo Kane, with a great number of customers from the Greek American community and offices in Manhasset (MKanecpa.com) regarding the coronavirus bailout program just signed into law by president Trump. In a few words all small business with less than 500 employees who can prove that were affected by the virus are eligible. Example: If your company has let’s say $120.000/yr in payroll expenses, you divide this number by 12 (=$10,000). Then you multiply X 2.5= $25,000. This is the amount of loan your business qualifies for AND IT IS FORGIVABLE, IN OTHER WORDS AT THE END OF ITS TERM IT TURNS INTO A GOVERNMENT GRANT AND YOU DO NOT HAVE TO PAY IT BACK!!! THE PROGRAM WILL BE AVAILABLE THIS COMING FRIDAY… (Please stay tuned)
ONE MORE VIDEO OF THE SAME TYPE
