CARES Act Title II – Enhanced Unemployment Benefits and Targeted Tax Relief

by

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 …Read more

Paycheck Protection Program Clarifications

by

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 …Read more

Understanding Title I of the CARES ACT, Including the Paycheck Protection Program

by

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 …Read more