Bailout and payroll

From what I understand there's no requirement to include the amount on the following years taxes, it's waived.

 

It also frees up $ for loans but that’s not what is needed now. If you are a small business, such as an O/O, you don’t need or want a loan that has to be repaid.

 

CARES ACT...Disaster Relief

 

How do you lay yourself off....?

 

There will not be any workers left before long. Not because they have Corona but because it makes more financial sense to not work. That’ll be the next crisis.

 

I was thinking the same thing.

That was part of the snag in the first place.

So how do I convince the boss to lay me off? Cuz what they're govt is paying is definitely more then what the boss is paying.

 

The one time payout is to everyone making less than $75,000 single and $150,000 married. What we are talking about is a separate thing designed for businesses, both small and large. It is a loan that will be forgiven if used for the qualifying uses, one of which is payroll. If you are a sole proprietor wages for yourself is considered payroll if you make less than $100,000. If you have employees it is for employees making less than $100,000.

***Once again I don’t like it so don’t come after me about either.***

 

Title:


"Money for nothing and your Chicks for free"

 

Can’t answer the question of how to lay yourself off but you can do it. My suggestion would be to reach out to your accountant, assuming you work with an outside 3rd party. If not call a local H&R Block office and I bet somebody there can help.
If you have no tuck payment this might be a good option.

 

You are at home self isolating, like is recommended for stopping the spread. I assume you are providing essential services and still working so this may not apply to you. If and when our economy does not bounce back and we have no loads to haul it very well may apply to many of us.