KPMG Spark Blog
This news post on the KPMG.us website details how KPMG Spark jumped to help clients after the CARES Act was signed into law on March 27.
By Taylor Ovalle
Signed into law on March 27, the Coronavirus Aid, Relief, and Economic Security (CARES) Act provides billions in loans and related assistance for small businesses through the Paycheck Protection Program (PPP) and the Employee Injury Disaster Loan (EIDL) program. Following the law’s enactment, KPMG Spark got right to work providing assistance to eligible small businesses regarding the relief funds.
“We called every single KPMG Spark client,” says Brett Goldsberry, Tax managing director at KPMG Spark, which provides small and medium-sized businesses (SMBs) with technology-forward bookkeeping and tax services. “The majority were distraught, with some considering layoffs and closing up shop, and nearly all of them had questions about the PPP and EIDL and the possibility of securing financial relief.”
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