How Not-for-Profits Are Impacted by the Families First Coronavirus Response Act
On March 19th 2020, President Trump signed the Families First Coronavirus Response Act (FFCRA), H.R. 6201 into law. The bill consists of a many short-term paid leave directives and employer reimbursement conditions, and also includes funding for coronavirus testing, food nutrition security, and unemployment extension. Employment Provisions The FFCRA
Loan forgiveness, Paycheck Protection, Payment Deferral & Eligibility Under the CARES Act
The Coronavirus, Aid, Relief, and Economic Security (CARES) Act passed in the Senate in the evening of March 25, 2020. Details of the Senate bill follow: Who qualifies? An ‘impacted borrower’ means an eligible recipient that is in operation on February 15, 2020; and has an application for a covered
The Senate Approves the CARES Act: Phase Three Relief for COVID-19
Late in the evening of March 25th, 2020, the Senate approved the Coronavirus, Aid, Relief, and Economic Security (CARES) Act. This blog is a part of our series of blogs that we’re posting to bring awareness to the third round of COVID-19 relief. This blog will highlight some of the
Small Businesses: Seven Steps to Survive the Uncertainty
As forced shutdowns have hit the region, there is a level of business uncertainty that is unprecedented in its rate of change and breadth of impact. Many businesses are reassessing how to manage their cash to survive for an unknown period of time. There are some key areas for business
$2 Trillion Coronavirus Stimulus Bill Stalled in Senate: CARES Act
Debate over incentivizing workers with unemployment benefits that could be higher than their paid job, and concerns over corporate welfare, are stalling the Coronavirus Aid, Relief and Economic Security Act stimulus bill, known as the CARES Act. This is the largest funding for disaster aid in U.S. history. The
DOL Issues First Official Guidance for the FFCRA
DOL Issues First Official Guidance for the Families First Coronavirus Response Act (FFCRA) Recently the U.S. Department of Labor (DOL) issued its first official guidance for employers and employees regarding the two paid-leave provisions in the coronavirus relief bill signed into law on March 18th. We now know