While we all struggle with the unknown implications of the Coronavirus on our families, friends, and business associates, there are some things a company may wish to consider doing to address the impacts of conducting business in this financially distressed climate. Here are 10 tips you may wish to consider: 1. Maintain Communication with Clients, Customers, […]
CARES Act Title II – Enhanced Unemployment Benefits and Targeted Tax Relief
Title II of the CARES Act (“Act”), which was signed into law on March 27, 2020, is entitled Assistance for American Workers, Families and Businesses. Its provisions are aimed at providing enhanced unemployment benefits to employers and employees, and offering targeted tax relief to individuals, businesses, and not-for-profit enterprises. Here is an overview of Title […]
Paycheck Protection Program Clarifications
The CARES Act created the Paycheck Protection Program through which small businesses and not-for-profit organizations with fewer than 500 employees are eligible to receive low-interest, small business loans to provide a much-needed cash infusion to help weather the storm created by COVID-19. During the first tranche of business funding financial institutions made loans to such […]
Understanding Title I of the CARES ACT, Including the Paycheck Protection Program
On March 27, 2020, Congress passed and the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), a third piece of emergency legislation aimed at providing Americans with relief from the Coronavirus pandemic, which continues to sweep across the country relentlessly leaving lost lives, fractured families, and bankrupt businesses in […]
Understanding Families First Coronavirus Response Act
On March 18, 2020, Congress enacted, and the President signed, the Families First Coronavirus Response Act. This is the second piece of federal legislation enacted in the last two weeks to help the nation stave off the adverse impacts of the Coronavirus that is sweeping across the nation. For an overview of the first act, […]
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