Our Company News
Coronavirus Stimulus Package – Paycheck Protection Program Loan Forgiveness
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,...
Joining the World in Giving Tuesday Now
Please consider joining Security Mutual in supporting Sock Out Cancer® on May 5 for Giving Tuesday Now. Together we can make a difference!
COVID-19 FAQs for Employee Benefit Plan Participants and Beneficiaries
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...
Coronavirus Stimulus Package – New Funding for Paycheck Protection Program Loans
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...
Coronavirus Stimulus Package – Paycheck Protection Program Loans Revisited
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...
Coronavirus Stimulus Package – Related Tax Credits for Required Paid Leave
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...
Coronavirus Stimulus Package – Paycheck Protection Loans Available Now
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...
IRS Guidance on Employee Retention Credits
Many of our small business owners, as well as their employees, have been adversely impacted by COVID-19. The CARES Act promises incentives and relief for keeping workers on the payroll during these tough times. The IRS recently issued guidance in the form of questions...