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CALIFORNIA PROVIDING $500M IN VIRUS AID FOR SMALL BUSINESSES
AppleMagazine
|AppleMagazine #475
California will provide temporary tax relief and $500 million in aid to small businesses struggling because of coronavirus outbreak restrictions, Gov. Gavin Newsom announced this week.
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The tax measures include a three-month automatic extension of the income tax payment deadline for those paying less than $1 million in sales tax and expansion of a program allowing businesses with up to $5 million in sales to reach agreements on interest-free tax payments.
Interest-free payment options also will be expanded for larger businesses, Newsom said.
The additional $500 million in relief funds will be available to small businesses and nonprofits in the form of grants up to $25,000.
Dit verhaal komt uit de AppleMagazine #475-editie van AppleMagazine.
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