On June 5, 2020, President Trump signed into law the Paycheck Protection Program Flexibility Act of 2020 (the “Act”) which modified several of the provisions originally enacted in the Coronavirus Aid, Relief and Economic Security (“CARES”) Act. The CARES Act...

The Paycheck Protection Program (“PPP”) started on April 3, 2020, and received a second round of funding on April 24 from the federal government (see our previous postings). Since that time, there has been a legislative and public outcry that many large companies,...

The U.S. Department of Labor recently published a complete Q&A to help employee benefit plan participants and beneficiaries impacted by the COVID-19 outbreak. This provides valuable information for employees who may be losing their coverage as a result of the...

Small-business owners who tried to apply for the Paycheck Protection Program (“PPP”) but were shut out when initial funding from the CARES Act dried up, need to submit their applications now, if they haven’t already. The PPP received new funding today when President...

If you’re a business owner and you were shut out from applying for or receiving a loan from the Paycheck Protection Program (“PPP”), complete your application now and have it ready to file. In fact, check with your lender to see if they are accepting applications in...

On Friday, April 17, the IRS released guidance in the form of frequently asked questions with regard to refundable tax credits, authorized by the Families First Coronavirus Response Act enacted on March 18, 2020. The credits provide funds to small- to medium-sized...

April 3 is the opening day for small businesses to apply for the Paycheck Protection Loans (“PPLs”), authorized by the CARES Act, through authorized Small Business Administration (“SBA”) lenders. Remember, that these are loans that may be forgiven if certain...