The Bill includes roughly $900 billion in new COVID economic relief. The legislation also provides for over $300 billion for support of small businesses, including additional funding for the Paycheck Protection Program and Economic Injury Disaster Loans advances (grants). What Does the New Stimulus Bill Include with Respect to the PPP? […]
By N. Richard Grassano, Boca Accounting, LLC Recent updates in relief packages and stimulus payments Let us begin with the$ 1200/500 stimulus payments. Many of you may have received your US Treasury Check and many of you probably have not. The promised website to give you a status report on your […]
This is based on a guide sent out from Senator Ben Cardin, Ranking Member – U.S. Senate Committee on Small Business & Entrepreneurship. Other than the SBA COVID-19 ECONOMIC INJURY DISASTER LOAN the CARES act provides for the following funding/loan programs: Capital to cover the cost of retaining employees. Then the […]
The Families First Coronavirus Response Act (the “Act”), like many other federal employment laws, requires that notice of the Act’s provisions be posted in a conspicuous place on the employer’s premises where notices are customarily posted. For convenience, I have attached the official poster issued by the Department of Labor. For […]
This is an article published by MBAF On Sick Leave. The Families First Coronavirus Response Act (FFCRA or Act) was signed into law by President Trump on March 18, 2020. The new legislation addresses the growing health and economic crises and includes provisions for paid sick leave, paid family leave and refundable […]
This article is very very closely follows an article I received from MBFA. It should be noted that this does not cover what the current Bill in Congress (as of 1:30 PM Eastern Time). Pursuant to the latest guidance from the SBA, small businesses that meet the SBA’s revenue OR the […]
SBA Disaster Relief This site allows the public to see what relief is available by state and county. https://disasterloan.sba.gov/ela/Declarations/Index/?utm_source=pardot&utm_medium=image&utm_campaign=MC_Partners_SBA_Relief_Assistance_03_17_2020 Apply for a Disaster Relief Loan This file walks you through the steps to apply for a loan, and the documentation that is needed to complete the request. https://disasterloan.sba.gov/ela/Documents/Three_Step_Process_SBA_Disaster_Loans.pdf SBA Disaster […]
From ADP This morning (3/20/2020), The U.S. Department of Treasury moved Tax Day from April 15th to July 15th – no interest and no penalties for filing! On March 18, 2020 the U.S. Senate passed the revised US House of Representatives’ Families First Coronavirus Response Act (H.R. 6201). The bill now […]