NEWS & UPDATES

March 28, 2020

President Trump signed the law on March 27, 2020 in order to provide economic support to individuals and businesses during the economic downturn related to COVID-19.   While there are a few helpful provisions in this new legislation, the most beneficial to small businesses is the creation of the Payment Protection Program that will be administered under t...

March 28, 2020

President Trump signed the law on March 27, 2020 in order to provide economic support to individuals and businesses during the economic downturn related to COVID-19.  

$1,200 & $2,400 Payments

The law provides $1,200 in a one time payment to individuals that reported less than $75,000 in adjusted gross income (AGI) on their tax return.  The payment red...

March 24, 2020

Due to the outbreak of Covid-19, the SBA has announced a special loan program to help with the economic slowdown.  The SBA will work directly with state Governors to provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by the Coronavirus (COVID-19). The SBA’s Economic Injury Disaster Loan program provid...

Timing

The FFCRA was signed into law on March 18, 2020 and the benefits must begin within 15 days of that date. The law will take effect on April 2, 2020 and is effective through December 31, 2020.

Emergency paid leave 

One of the new benefits created by the FFCRA is what’s known as “emergency paid leave.” If an individual is unable to work because COVID-19...

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Cumming, GA 30040

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