News & Analysis as of

Employee Retention Federal Loans

Husch Blackwell LLP

PPP Loan Audits Could Affect Millions of Borrowers

Husch Blackwell LLP on

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

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

Brownstein Hyatt Farber Schreck

Employee Retention Tax Credit – Updates and What to Know for Your Business

On Dec. 20, 2020, the House and Senate passed H.R. 133, the Consolidated Appropriations Act of 2021 (“CAA”), which includes a significant expansion of the Employee Retention Tax Credit (“ERTC”) through June 30. The ERTC...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

Fisher Phillips

What Employers Need To Know About Latest Federal COVID-19 Stimulus Package

Fisher Phillips on

Federal lawmakers agreed to a second round of stimulus legislation late last night, sending a nearly 6,000-page bill to President Trump for his expected signature. The proposal allocates $900 billion in economic relief to...more

Greenbaum, Rowe, Smith & Davis LLP

Paycheck Protection Program Update: SBA Streamlines Forgiveness Application for PPP Loans Under $50K, Confirms Deferral Period for...

The Small Business Administration (SBA) has provided additional guidance in connection with the forgiveness of loans issued under the Paycheck Protection Program (PPP).    In an Interim Final Rule, the SBA has provided a...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

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

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: 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

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

FordHarrison on

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

Ballard Spahr LLP on

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

Littler

New Guidance Sheds Light on the Employee Retention Credit

Littler on

The Internal Revenue Service (IRS) and Joint Committee on Taxation have issued new guidance to help clarify employer requirements for claiming the Employee Retention Credit (ERC) under the Coronavirus Aid, Relief, and...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

White & Case LLP

COVID-19: Polish Government Financial Assistance Measures

White & Case LLP on

The short-term effects of the novel coronavirus pandemic put many Polish businesses in financial distress and struck a major blow to their liquidity—a worrying turn of events in light of already widespread payment backlogs....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

White & Case LLP

COVID-19: Swiss Government Financial Assistance Measures -COVID-19 – The Swiss government’s measures to support the Swiss economy

White & Case LLP on

Since mid-March 2020, the Swiss government has enacted a number of measures to mitigate the effects of the coronavirus (“COVID-19”) on the Swiss economy. The most important measure was announced on 20 March 2020 to help...more

White & Case LLP

COVID-19: Finland Government Financial Assistance Measures

White & Case LLP on

The Finnish Government has prepared an extensive package of approximately EUR 1.45 billion to support companies and to alleviate the negative effects of COVID-19 epidemic. In the administrative sector of the Ministry of...more

White & Case LLP

COVID-19: Slovak Government Financial Assistance Measures

White & Case LLP on

On 2 April 2020 the Slovak Parliament adopted Act No. 67/2020 Coll. on certain emergency financial measures in relation to the spread of the dangerous contagious human disease COVID-19 (“Act 67/2020”), which provides a...more

Lewitt Hackman

Senate Green Lights Additional Funding in Coronavirus Relief Package

Lewitt Hackman on

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.

CARES Financial Relief for Nonprofits

The Paycheck Protection Program will enable eligible nonprofit organizations that have been adversely affected by the COVID-19 pandemic to obtain funds to cover payroll, rent, interest, and utilities. For further information...more

57 Results
 / 
View per page
Page: of 3

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide