ArtFest Fort Myers under Executive Director Sharon McAllister's leadership, has initiated a plan to act as a clearinghouse to help artists interpret and access the financial services established under the new CARES Act. The law is meant to address the economic fallout of the 2020 coronavirus pandemic in the United States. Sharon is joined by professional accountant John Brodie of Comprehensive Accounting in metro Detroit.
The CARES act includes SBA Economic Disaster loans and grants, a payroll protection plan and access to unemployment benefits to small businesses and individuals. Some of its individual facets are SBA Economic Injury Disaster Loans, a Payroll Protection Plan and unemployment benefits.
What you will learn:
We know that artists are receiving information from many sources. This is a fluid situation and we intend to share information with you that we receive and think may be useful. Our current concern is providing whatever supportive assistance we can to artists.
Find quick answers to your concerns on the ArtFest Fort Myers website.
NOTE: none of us are giving legal; tax; accounting; unemployment or similar advice. Contact your accountant and banker for your own situation. The final regulations have not yet been written and banks & unemployment offices are scrambling to get new benefits implemented. Patience will be needed.
Sobering: 6.6 million Americans filed for unemployment last week.