It was President John F. Kennedy who famously said, “Ask not what your country can do for you, ask what you can do for your country.”
As the current global health crisis has made clear, the compact between the U.S. government and its citizens works both ways. As the COVID-19 pandemic was thrusting hardship upon individuals, families, communities and businesses across the American and global landscapes, the U.S. government was hastily enacting the CARES (Coronavirus Aid, Relief, and Economic Security) Act in an effort to help its citizens meet the escalating financial challenges they are facing as a result of the unprecedented crisis.
What exactly can the CARES Act do for individuals, families and businesses? And in situations where you are eligible to take advantage of a CARES Act provision, is doing so a wise move?