NEWS AND UPDATES
U.S. Treasury Releases NEW Paycheck Protection Program (PPP) Loan
The Treasury Department released a new Paycheck Protection Program (PPP) Loan Forgiveness Application. The revision was necessary to take into account the changes made to the loan program as a result of the recently enacted Paycheck Protection Program Flexibility Act.
summary of THE CORONAVIRUS RELIEF PACKAGE:
The CARES Act
The Senate and the House overwhelmingly passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, and the President to signed the bill into law on Friday, March 27, 2020. To learn more about major provisions...
TAX PROVISIONS OF THE CARES ACT
The CARES Act makes some significant additions and changes to the Internal Revenue Code. Those additions and changes are highlighted in this summary.
INSIGHT: Coronavirus Raises Novel Business Insurance Issues
The new coronavirus is causing many businesses to shutter or slow down pursuant to state and local government orders, while others are voluntarily scaling back or moving to remote work. This summary highlights the novel insurance issues facing businesses in light of the ongoing Coronavirus crisis.
How Small Business Can Get Money from the Stimulus Package
The CARES Act provides a number of provisions that allow Small businesses to obtain loans and grants to help them sustain themselves through the Cornvirus Pandemic. This summary reviews those provisions.
How the Coronavirus Pandemenic Impacts Your Business
The CARES Act and the Families First Response Act include numerous significant provisions that could potentially could impact your businesses. This summary reviews those provisions in detail.
Employer Paid Leave Responsibilities
Under the Families First Coronavirus Response ACT
The Families First Coronavirus Response Act requires that all employers with 500 or fewer employees to provide Sick Leave and Family Leave to qualified employees. A tax credit intended to make this benefit a no cost benefit to the employer is also provided in the Act. This summary reviews those provisions in detail.