PPP loan forgiveness FAQs released

The Small Business Administration released this week its first round of FAQs regarding the loan forgiveness process for Paycheck Protection Program Loans. These FAQs, which serve as guidance on the provisions of the CARES Act, follow closely to what we have been advising our clients already as we prepare their applications for PPP Loan forgiveness. […]

What’s next for Emergency Sick Leave now that school is out for summer?

In the early days of the COVID-19 pandemic, Congress passed the Families First Coronavirus Response Act that, in part, provides emergency sick leave and expanded family and medical leave for employees who need to care for children whose schools had been closed as a result of the virus. Now that the school year is ending […]

SBA: Any PPP loan less than $2 million deemed ‘necessary’

The Treasury Department and Small Business Administration clarified its rules today regarding small business owners’ need to certify the necessity of receiving loans through the Paycheck Protection Program One requirement to qualify for forgiveness of a PPP loan is that all borrowers must certify in good faith when submitting their applications that “current economic uncertainty makes […]

Coronavirus and Economic Impact Payments FAQs from IRS

Click below for a list of frequently asked questions regarding coronavirus-related economic impact payments and other resources from the IRS.gov website: https://www.irs.gov/coronavirus/coronavirus-and-economic-impact-payments-resources-and-guidance

Paycheck Protection Plan Program FAQs

The U.S. Treasury Department is continuing to update its frequently asked questions about the PPP program. You can find those here: https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf  

Department of Labor resources for FFCRA

The Families First Coronavirus Response Act (FFCRA) provides for emergency sick leave and emergency expansion to the Family and Medical Leave Act. Guidance on this law, as well as the Coronavirus Aid, Relief and Economic Security (CARES) Act continues to evolve. Below are some resources for employers from the U.S. Department of Labor: Click here […]