Maximizing Loan Forgiveness Under the Paycheck Protection Program (PPP) COVID-19 Business Update For those business that have been approved for funding under the Paycheck Protection Program (PPP) and have started to receive funds, now is the time to engage in…
IRS Grants Taxpayers Filing Deadline Relief Because of Coronavirus Pandemic COVID-19 Business Update As a result of the challenges caused due to the coronavirus pandemic, the IRS has granted taxpayers additional tax filing and payment deadline relief. The new relief…
Federal Reserve and Treasury Launch Main Street Lending Program to Expand Business Borrowing COVID-19 Business Update To facilitate lending to small and medium-sized businesses, the Federal Reserve and Treasury has announced an initiative (the Main Street Lending Program) that will…
Updates on the Paycheck Protection Program (PPP) COVID-19 Business Update Below are additional clarifying updates on the Paycheck Protection Program (PPP): It appears that borrowers can qualify for the PPP with more than 500 employees assuming they meet the qualifications…
Further Clarifying Guidance on Paycheck Protection Program COVID-19 Business Update The Treasury recently released clarifying guidance on the new Paycheck Protection Program (“PPP”), a program from the Small Business Administration (“SBA”) which includes potentially forgivable loans under the Coronavirus, Aid,…
Summary of CARES Act Programs COVID-19 Business Update Below, are outlined the federal CARES Act programs:
Applications for Loans for Small Businesses Under Paycheck Protection Program Open April 3rd. COVID-19 Business Update Small businesses and sole proprietorships affected by the coronavirus pandemic can apply for loans under the federal Paycheck Protection Program (PPP) beginning April 3rd.…
City of New York Launches the NYC Small Business Continuity Loan Program To help small businesses deal with the impact of COVID-19, the City of New York has launched the NYC Small Business Continuity Loan Program. This program is available…
The Coronavirus Aid, Relief, and Economic Security Act (CARES) contains a host of tax measures. Below is a summarized description of the key tax measures: Recovery Rebates CARES provides for payments to taxpayers — “recovery rebates” — which are being…
The Families First Coronavirus Response Act The Families First Coronavirus Response Act (the Act) which was recently passed will take effect April 2, 2020. Here is our summary of the key provisions of the Act that will impact employers. 1.…