Apr 24, 2020 | COVID-19 Response, Firm Updates
A new relief package, The Paycheck Protection Program and Health Care Enhancement Act, passed the House yesterday and President Trump is expected to sign the bill into law today. The relief bill includes the following: $310 billion to replenish the Paycheck Protection...
Apr 8, 2020 | COVID-19 Response, Firm Updates
H.R. 6201, the “Families First Coronavirus Response Act”, which was passed on March 18, 2020, enacted two refundable tax credits to provide relief amidst the COVID-19 (Coronavirus) pandemic. We outline the credits below. Paid Sick Leave Refundable Credit Conditions:...
Apr 6, 2020 | COVID-19 Response, Firm Updates
The Coronavirus Aid, Relief, and Economic Security (CARES) Act signed into law by President Trump on March 27, 2020 provides for individuals to receive advanced rebate checks or “stimulus checks” in the coming weeks and months. While this will take time to...
Apr 3, 2020 | COVID-19 Response, Firm Updates
On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law by President Trump in an effort to provide economic relief in the wake of the COVID-19 (Coronavirus) pandemic. Below, we outline the changes to bonus...
Apr 3, 2020 | COVID-19 Response, Firm Updates
UPDATED September 29, 2020 – New guidance has changed the handling of Net Operating Losses following the CARES Act of 2020. Read our blog update here. ORIGINAL POST – On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act...