Paycheck Protection Program revived – with new regulations The Paycheck Protection Program and Health Care Enhancement bill passed last week gave a $310 billion replenishment to the PPP after all funds were depleted after less than two weeks. PPP loans are available to small businesses that were...
Check your payment status through new IRS portal The government has begun to process Economic Impact Payments. The payments are automatic for most taxpayers. The IRS has created a portal that allows recipients to check payment status, confirm payment type (direct deposit or check), enter bank account...
The New Jersey Economic Development Authority (NJEDA) has created a Small Business Emergency Loan Program to assist with the continued economic impact of COVID-19. This $10 million program will provide working no-to-low interest capital loans of up to $100,000 to businesses with less than $5...
The U.S. Small Business Administration (SBA) has issued interim regulations under the Paycheck Protection Program (PPP). These regulations have changed some aspects of the program. Independent Contractors Even though the PPP expressly allows the inclusion of payments of any compensation to or income of an independent contractor...
The application process for the NJEDA‘s Small Business Emergency Assistance Grant Program opens tomorrow, Friday, April 3, at 9am. The program includes seven initiatives to help businesses cope with the impact the coronavirus outbreak has had on the economy. You can find the NJEDA application form...
The latest coronavirus relief fund established new loans to help employers pay workers and cover other employment-related expenses during the coronavirus crisis. Under the Coronavirus Aid, Relief and Economic Security (CARES) Act, the U.S. Small Business Administration (SBA) will manage payroll-protection loans for qualifying organizations with...
Small business exemptions and more are subject of DOL’s newest regulation and guidance The Families First Coronavirus Response Act, which was signed into law on March 18, 2020, provides paid emergency family leave and paid sick leave for people affected by COVID-19. These provisions take effect...
