CARES Act Expands SBA Loan Programs to Offer Relief for Small Businesses During the COVID-19 Pandemic
By Vanessa R. Tiradentes and Emily Wessel Farr
Insights
CARES Act Provides Tax Relief to Individuals, Businesses Impacted by COVID-19
Enacted into law last Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) included numerous provisions providing tax relief to individuals and businesses who have been impacted by the COVID-19 pandemic.
U.S. Department of Labor Issues Supplemental Q&A on the Families First Coronavirus Response Act
The U.S. Department of Labor issued a series of additional Q&A on March 27, 2020, updating initial guidance for the recently passed Families First Coronavirus Response Act, which covers most employers with fewer than 500 employees. We anticipate the DOL will be issuing implementing regulations on the Response Act in the coming days.
U.S. Department of Labor Issues Initial Q&A on the Families First Coronavirus Response Act
The U.S. Department of Labor (DOL) issued a series of Questions and Answers (Q&A) on March 25, 2020, detailing the leave requirements found in the recently passed Families First Coronavirus Response Act (Response Act). We anticipate the DOL will be issuing implementing regulations on the Response Act next week.
Best Practices for Construction Site Safety During the COVID-19 Pandemic
Now that Illinois Gov. J.B. Pritzker’s Stay at Home Order deemed construction to be an essential service, and the City of Chicago has confirmed that construction can proceed as an essential infrastructure exception, construction is being undertaken in a new and unprecedented environment, with a whole new set of rules.
Some Employers Eligible for Reimbursement of Employee Paid Leave Related to COVID-19
UPDATE: The IRS released this guidance on March 30 regarding the payroll tax credits, stating that credits would for qualified wages paid beginning April 1 through Dec. 31, 2020.