The CARES Act establishes new economic programs for businesses, builds upon programs implemented in Congress’ Phase II relief bill – the Families First Coronavirus Response Act (“FFCRA”), and provides tax relief and other benefits for businesses. We have a series of articles that offer a ...
On March 27, 2020, the United States President Donald Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). As part of the 2 trillion coronavirus aid package, the CARES Act contains various tax relief and tax benefit provisions for businesse...
Whether your goal is reducing corporate taxes, creating liquidity for retiring shareholders, or retaining top talent with competitive benefits, Employee Stock Ownership Plans (ESOPs) offer a proven pathway to success. This engaging 90-minute webinar will highlight how ESOPs can empower businesses to ...
According to a summary from the Senate, “The bill also provided a considerable expansion to unemployment benefits.” Business Provisions In addition to the many provisions for individuals, there are also opportunities for relief for businesses within the CARES Act, including Small Business ...
The Coronavirus Aid, Relief, and Economic Security Act, or the CARES Act, provides some financial help to businesses across the United States. For small businesses (generally enterprises with 500 or fewer employees), the Act provides loans that may be forgiven under the Paycheck Protection Program...
as they meet certain COVID-19-related criteria. The criteria include quarantine, business closure or childcare responsibilities due to school closure. The act specifically excludes from eligibility employees for whom telework is available with pay and those receiving sick leave or paid leave benefits....
On March 27, 2020, the federal government enacted the Coronavirus Aid, Relief and Economic Security Act (the CARES Act or Act). The CARES Act is intended to provide economic relief to individuals and businesses facing hardship due to the COVID-19 crisis. It includes various prov...
(3) of the CARES Act may provide some indication as to what mid-sized business applicants will face. The application for mid-sized businesses may include the same application requirements or similar requirements with reduced time periods, fewer deliverables, etc. While we caution that the below ...
What relief is available to businesses with existing Section 7(a) loans? What are Paycheck Protection Program loans? Available to small businesses (generally defined as businesses with not more than 500 employees) to pay for payroll, certain benefits (such as health insurance premiums), rent, uti...
It has now been nearly a week since the Coronavirus Aid, Relief, and Economic Security Act –or "CARES Act" — was signed, setting into motion the largest stimulus package in U.S. history.While the bill allots historic levels of resources for businesses, everyday citizens, and those who ...