BMO supports businesses in access to Canadian Financial Relief programs as a result of the COVID-19 pandemic
3. Help them take advantage of retroactive business benefits. For your business clients, this is an opportunity to advise them on several key provisions of theCOVID-19 relief measures: Net Operating Loss (NOL)– NOL carrybacks have been reinstated for 2018 through 2020. For ...
“SBA is unable to accept new applications at this time for the Paycheck Protection Program or the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding.” Read on to find out more about additional relief options...
Updated: Financial reporting considerations of the combined provisions of the American Rescue Plan Act and other relief. Resource Investment funds: potential impacts of COVID-19 Accounting and reporting implications for investment funds to consider in the current economic environment. Resource SEC is...
Coronavirus (COVID-19) Preparedness & Response Act Affords Small Businesses Financial ReliefLinkedIn Facebook X Send Embed The Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020 (the “Act”), which was signed into law by the President on March 6, 2020, provides $8.3 ...
Guiding You Through the COVID-19 Economic Relief Options The COVID-19 pandemic placed a huge economic burden on businesses across the country. Qualifying businesses, large and small, have been able to benefit from an array of enacted legislative packages which provided direct and tax credit-based...
The COVID-19 pandemic is affecting everyone with its devastating impact on public health and the global economy. Despite substantial efforts devoted to minimizing the spread of the coronavirus, it continues to unsettle every society and every industry. In response, BMW is working to balance the ...
Title IV of the Coronavirus Aid, Relief, and Economic Security (CARES) Act sets forth $500 billion of funding for certain industries that have been severely impacted by COVID-19. These industries are entitled to direct loans and loan guarantees from the US Treasury amounting to $46 billion...
tell their victims that before receiving a larger payment, they first need to pay a service fee, make a small deposit, or otherwise provide some sort of cash up front. There is a possibility that bad actors may attempt some variant of this common tactic with the Covid-19 relief payments....
They are using social media, emails, phone calls and even going door-to-door to convince people they need money to support costs of COVID testing, financial relief or medical equipment, all with the goal of collecting personal and bank account information. Criminals have told people the recent...