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Unemployment Insurance Benefits

How the CARES Act expanded Unemployment Insurance Benefits The CARES Act includes programs to expand unemployment benefits for regular beneficiaries and to those who would not normally receive these benefits, such as sole proprietors and self-employed individuals. Unemployment benefits are a lifeline for many who have lost work in the wake of the current health…

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Employee Retention Credit

What is the Employee Retention Credit? Businesses that have been impacted financially by COVID-19 may be able to take advantage of a new, refundable tax credit called the Employee Retention Credit. The credit is designed to encourage businesses to keep employees on their payroll and is worth 50 percent of qualifying wages up to $10,000…

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Paycheck Protection Program

What is the Paycheck Protection Program? On March 27, The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by the house of representatives and then signed into law by the President. The Cares Act provides $2 Trillion in emergency financial assistance to individuals, small businesses, large corporations, hospitals, health centers, state, and local…

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Families First Coronavirus Response Act (Act)

Small and medium-sized employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing coronavirus-related leave to their employees. This relief to employees and small and midsize businesses is provided under the Families First Coronavirus Response Act (Act), signed into law…

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