Sharing from Stable Management
Kimberly S. Brown
“As an equine business owner, you need to become informed about the CARES Act and what you need to do to participate. As an equine business owner, you need to become informed about the CARES Act and what you need to do to participate in its relief programs.
Horse farm and stable owners, trainers, managers, employees, show managers and many other independent equine business persons are trying to figure out how they fit into the $2-trillion Coronavirus Aid, Relief, and Economic Security Act (CARES Act), enacted on March 27, 2020.
The CARES Act was created to encourage eligible employers to keep employees on their payrolls, despite experiencing economic hardship related to COVID-19, with an employee retention tax credit, among other measures.
There also are provisions for small business loans, expanded unemployment payments, and payments directly to individuals from the federal government based on adjusted income.
We will start with the personal payments, then delve into the business side of the CARES Act to understand what it is and how to determine if you qualify, and how to apply if you do qualify.”
