COVID-19 UpdatesIRS issues warning about Coronavirus-related scams; Watch out for schemes tied to economic impact paymentsPublished on April 9th, 2020Announcement from the IRS: The Internal Revenue Service urges taxpayers to be on the lookout for a surge of calls and email phishing attempts about the Coronavirus, or COVID-19. These contacts can lead to tax-related fraud and identity theft. “We urge people to take extra care during this period. The IRS isn’t going to call […] Final Guidance on the Paycheck Protection Program (PPP) LoansPublished on April 3rd, 2020Late yesterday, the Treasury released interim final guidance on the Paycheck Protection Program (PPP) loans from the Small Business Administration (SBA) signed into law by the Coronavirus Aid, Relief, and Economic Security Act (or CARES Act) last week. While there are still numerous unanswered questions, along with a few new questions raised, there are several […] Small Business Administration (SBA) LoansPublished on April 1st, 2020On Friday, March 27th, the Coronavirus Aid, Relief, and Economic Security Act, commonly referred to as the CARES Act, was signed into law. Among the various economic initiatives included in the law were various aids to small businesses including the Paycheck Protection Program (PPP), the Economic Injury Disaster Loans (EIDL), and Emergency Economic Injury Grants […] Additional Paid Leave for Workers Affected by COVID-19Published on March 31st, 2020The Families First Coronavirus Response Act is a new program that offers COVID-19 assistance for both employees and employers. This new law provides businesses with fewer than 500 employees the funds to provide employees with paid leave, either for the employee’s own health needs or to care for family members. Here is a summary of […] CARES Act provides COVID-19 pandemic relief to businessesPublished on March 31st, 2020The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) represents the third phase of Congress’s legislative efforts to address the financial and health care crisis resulting from the coronavirus (COVID-19) pandemic. In addition to providing relief to individuals and mustering forces to shore up the medical response, the CARES Act includes numerous provisions intended […] |
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