On April 1, 2020, the Wage and Hour Division of the Department of Labor issued a temporary rule that provided some much-needed guidance for Americans wading through the twists and turns of the Families First… Read more
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The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) included several provisions affecting financial institutions. Debt Guaranty Authority (Applicable to Insured Depository Institutions) The CARES Act amended provisions of the Dodd-Frank Wall Street Reform… Read more
In response to the COVID-19 pandemic, the federal government enacted laws designed to relieve the payroll tax burden on employers. Eligible employers may be entitled to refundable tax credits under both the Families First Coronavirus… Read more
For businesses struggling to survive during the COVID-19 pandemic, there are two primary programs for obtaining emergency working capital: the Small Business Administration’s (SBA) Economic Injury Disaster Loan program (EIDL) which is discussed here, and… Read more
In the current challenging times, it is important for consumers and businesses of all sizes to understand their options for financial relief, including bankruptcy. Recent changes to the U.S. Bankruptcy Code offer small businesses more… Read more
The Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) was signed into law on March 27, 2020. The CARES Act, a stimulus package providing $2 trillion in economic aid to individuals and businesses,… Read more
This article was last updated on April 3, 2020. The Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) was signed into law on March 27, 2020, by President Trump. The CARES Act, a… Read more
New HIPAA guidance clarifies when healthcare providers may disclose information about patients who may have been infected with or exposed to COVID-19 to law enforcement, paramedics, first responders and public health authorities. The guidance, issued… Read more
Any person owing federal gift tax or generation-skipping transfer tax on April 15 will now have until July 15 to make that payment without interest or penalties. The IRS, in Notice 2020-20 (pdf), released on… Read more
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) increased the incentives for individuals and corporations to donate to 501(c)(3) nonprofit organizations. Deductions for Cash Contributions Specifically, Section 2204 provides for a one-time above-the-line… Read more