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Employee Retention SBA Lending Programs CARES Act

Husch Blackwell LLP

PPP Loan Audits Could Affect Millions of Borrowers

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In March 2020 during the height of the COVID-19 pandemic, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law establishing, among other things, the Payment Protection Program (PPP) administered...more

Holland & Knight LLP

Update for Employers: Recent Legislation Improves, Extends Employee Retention Credit

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Please note: This alert has been updated with new developments after the enactment of the Infrastructure Investment and Jobs Act. The Coronavirus Aid, Relief, and Economic Security (CARES) Act authorized a refundable tax...more

Holland & Knight LLP

Update for Employers: Recent Legislation Improves, Extends Employee Retention Credit

Holland & Knight LLP on

The Coronavirus Aid, Relief, and Economic Security (CARES) Act authorized a refundable tax credit important to many employers struggling as a result of the COVID-19 pandemic. This credit, known as the Employee Retention...more

Lowenstein Sandler LLP

Paycheck Protection Program: FAQs for Nonprofits - UPDATED March #3

On December 27, the President signed into law the Consolidated Appropriations Act, 2021. The Act includes a roughly $900 billion COVID-19 relief package, known as the “Economic Aid to Hard-Hit Small Businesses, Nonprofits and...more

Burr & Forman

Retroactive 2020 Employee Retention Credit Changes and 2021 Enhancements

Burr & Forman on

The Employee Retention Credit, as originally enacted on March 27, 2020 by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), is a refundable tax credit against certain employment taxes equal to 50% of the...more

Akerman LLP - SALT Insights

Summary of Tax Provisions in the Consolidated Appropriations Act, 2021

On December 27, 2020, President Trump signed the new $900 billion stimulus package – the Consolidated Appropriations Act, 2021 (the CAA), which, among other things, advances legislation intended to provide additional help for...more

Holland & Knight LLP

Business Tax Incentives and Relief Resulting from COVID-19 Response

Holland & Knight LLP on

The Coronavirus Aid, Relief, and Economic Security (CARES) Act authorized a refundable tax credit important to many employers struggling as a result of the COVID-19 pandemic. This credit, known as the Employee Retention...more

Dickinson Wright

Dickinson Wright COVID-19 Resource Guide

Dickinson Wright on

Dickinson Wright created the COVID-19 Resource Guide as an easy-to-use document for businesses and individuals. We thank our knowledgeable authors and contributors, who provided their time and talent to produce these...more

Lowenstein Sandler LLP

Paycheck Protection Program: FAQs For Small Businesses - UPDATED July 2020

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We have been sharing client alerts about the Small Business Administration (“SBA”) Paycheck Protection Program (“PPP”) created by the CARES Act. Below are some frequently asked questions and answers with respect to the PPP...more

Lowenstein Sandler LLP

Paycheck Protection Program (PPP) Information Sheet: Nonprofit Borrowers

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The following information has been adapted from the Small Business Administration’s (SBA) Paycheck Protection Program Borrower Information Fact Sheet to provide information tailored for nonprofits. This document is for...more

Lowenstein Sandler LLP

Paycheck Protection Program: FAQs for Small Businesses

Lowenstein Sandler LLP on

We have been sharing client alerts about the Small Business Administration (“SBA”) Paycheck Protection Program (“PPP”) created by the CARES Act.  Below are some frequently asked questions and answers with respect to the PPP...more

Lowenstein Sandler LLP

Paycheck Protection Program (PPP) Information Sheet: Nonprofit Borrowers

Lowenstein Sandler LLP on

The following information has been adapted from the Small Business Administration’s (SBA) Paycheck Protection Program Borrower Information Fact Sheet to provide information tailored for nonprofits. This document is for...more

Lowenstein Sandler LLP

Paycheck Protection Program: FAQs for Small Businesses

Lowenstein Sandler LLP on

This article is not intended to give, and should not be relied upon for, legal advice in any particular circumstance or fact situation. Use of this article does not create an attorney-client relationship between you and...more

Hogan Lovells

Coronavirus: The Hill and the Headlines – COVID-19 D.C. Update – May 2020 #16

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In Washington - The House will be in session on Wednesday and Thursday and is expected to vote on two bills dealing with the Paycheck Protection Program (PPP) giving small businesses more flexibility in the use of the...more

Farrell Fritz, P.C.

Paycheck Protection Program FAQ: What If a Furloughed Employee Refuses to Return to Work?

Farrell Fritz, P.C. on

A number of clients that have applied for a loan under the Paycheck Protection Program (“PPP”) have expressed some concern over their ability to qualify for forgiveness of the loan at the end of the eight-week period...more

Farrell Fritz, P.C.

New Employee Retention Credit Helps Employers Keep Employees on Payroll

Farrell Fritz, P.C. on

May 08, 2020 The IRS released criteria for claiming the employee retention credit put forth in a fact sheet. The credit applies to eligible wages paid after March 12, 2020, and before January 1, 2021....more

Littler

IRS Reverses Course on Employee Retention Credit for Qualified Health Plan Expenses

Littler on

The IRS has changed its position and will allow employers to receive a tax credit for paying health care plan premiums for employees on furlough....more

FordHarrison

Paycheck Protection Program Updates

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The CARES Act created the Paycheck Protection Program (“PPP”), which amended the Small Business Act (“SBA”) to provide short term loans to companies with fewer than 500 employees and other companies (such as those in the...more

Ballard Spahr LLP

UPDATED: CARES Act Employee Retention Credits—IRS Updates FAQs With New Guidance for Employers and Employees

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The IRS updated the FAQs on its website, providing guidance regarding who is eligible to claim an employer retention credit (ERC) added by the CARES Act, how the ERC is calculated and interact with other provisions, and other...more

Seyfarth Shaw LLP

Update: Paycheck Protection Program and Health Care Enhancement Act Increases Funds Available to Hospitals and Health Care...

Seyfarth Shaw LLP on

On April 24, 2020, the Paycheck Protection Program and Health Care Enhancement Act was signed into law, appropriating $75 billion for hospitals and other eligible health care providers for health care related expenses or lost...more

Foley & Lardner LLP

IRS Issues Guidance on Employee Retention Credits Under CARES Act – Updated as of April 24, 2020

Foley & Lardner LLP on

The IRS issued guidance on the Employee Retention Credits under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) on March 31, 2020 and the Joint Tax Committee provided additional legislative history in the...more

Lewitt Hackman

Senate Green Lights Additional Funding in Coronavirus Relief Package

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On April 21, 2020, the Senate passed a $484 Billion relief package (the Paycheck Protection Program and Health Care Enhancement Act; the “Act”). The House is expected to pass the Act on Thursday. The President has indicated...more

Chambliss, Bahner & Stophel, P.C.

Small Business Financial Relief Through the Paycheck Protection Program

The CARES Act provides $350 billion to the Paycheck Protection Program to allow the Small Business Administration (SBA) to guarantee 100% loans (with interest rates not to exceed 4%) made by local SBA preferred lenders to...more

Perkins Coie

Business Immigration Considerations During the COVID-19 Pandemic

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Companies affected by COVID-19 must carefully consider immigration implications for all foreign national and expat employees, including issues of immigration compliance. Those businesses with employees working in the United...more

Harris Beach PLLC

Integrity and Oversight Processes in CARES Act Warrant Careful Review

Harris Beach PLLC on

The COVID-19 crisis has spurred unprecedented government action on multiple fronts, including the passage of the Coronavirus Aid, Relief, and Economic Security legislation (the “CARES Act”). The legislation is...more

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