by Steven | Nov 30, 2020 | COVID-19, Tax Articles
Throughout 2020, the IRS has struggled to keep up with the manual process of opening US postal mail. As the pandemic took hold, the IRS sent workers home. The offices remained shutdown for most of the spring. With no one on site to perform administrative tasks,...
by Steven | May 20, 2020 | COVID-19
A second round of funding worth $310 billion for the Paycheck Protection Program (PPP) was signed into law on April 24, 2020 and the SBA resumed accepting applications from participating lenders on April 27, 2020. According to the SBA’s PPP Round 2 Report, the overall...
by Steven | May 6, 2020 | COVID-19, Small Business
Due to the massive demand for assistance from the Coronavirus Aid, Relief and Security (CARES) Act, Congress voted to approve an additional $310 billion for the Paycheck Protection Program (PPP) on April 21, 2020. The first round of funding was depleted in just 14...
by Steven | Apr 30, 2020 | COVID-19, HCM, HR Management
The Paycheck Protection Plan (PPP), the loan program established under the Coronavirus Aid, Relief and Security (CARES) Act to help small businesses pay employees, had a chaotic first two weeks. By design, the program uses banks to receive applications and administer...
by Steven | Apr 13, 2020 | COVID-19
Now that the Coronavirus Aid, Relief and Security (CARES) Act has passed and its programs are live, small businesses are racing to submit their applications for much-needed cash and assistance to stay afloat during the COVID-19 pandemic. The CARES Act includes a...
by Steven | Apr 3, 2020 | COVID-19
The $2 trillion financial relief package, Coronavirus Aid, Relief and Security (CARES) Act, was passed last week and signed by President Trump. This law is racing to roll out a wide variety of stimulus programs designed to:deliver immediate, direct financial payments...
