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Category: Corporate and Taxation

MORE HELP UNDER THE CARES ACT: EIDL LOANS

Posted March 31, 2020 in Mitchell F. Green, Robert M. Kramer, Corporate and Taxation, News
MORE HELP UNDER THE CARES ACT: EIDL LOANS                                          In addition to the Paycheck Protection Program (“PPP”) loans discussed in our last email, there is another program, which has been expanded and somewhat simplied under the CARES Act, that could help you to get much-needed funds for your business. This program is known as the Economic Injury Disaster Loans or “EIDL.”  Both loan programs are sponsored by the SBA

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PAYCHECK PROTECTION PROGRAM: KEEPING SMALL BUSINESSES AFLOAT

Posted March 30, 2020 in Mitchell F. Green, Robert M. Kramer, Corporate and Taxation, News
PAYCHECK PROTECTION PROGRAM:KEEPING SMALL BUSINESSES AFLOAT   If your business has been adversely affected by COVID-19, you are probably eligible for an SBA guaranteed loan. Here are the highlights of Paycheck Protection Program (“PPP”) that was created under The Coronavirus Aid, Relief and Economic Security (CARES) Act, signed into law on March 27, 2020. The PPP is an incredible opportunity for businesses impacted by COVID-19, which likely includes your business, to quickly and easily obtain a significant SBA loan!

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FLORIDA SMALL BUSINESS EMERGENCY BRIDGE LOAN PROGRAM

Posted March 30, 2020 in Mitchell F. Green, Robert M. Kramer, Corporate and Taxation, News

FLORIDA SMALL BUSINESS EMERGENCY BRIDGE LOAN PROGRAM  

Following the shutdown of bars and restaurants throughout Florida, intended to slow the spread of COVID-19, Florida Governor Ron DeSantis announced the activation of the Florida Small Business Emergency Bridge Loan Program. This program, which is administered by the Florida Department of Economic Opportunity, offers emergency bridge loans to small businesses impacted by COVID-19.  Perhaps most critically in this time of uncertainty, the program does not, as of this time, contain any requirement for personal guaranties or collateral.

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Families First Coronavirus Response Act

Posted March 30, 2020 in , Corporate and Taxation, News

Families First Coronavirus Response Act

 

On March 18, 2020, the Families First Coronavirus Response Act was signed into law. The Act, among other things, amends the Family and Medical Leave Act (FMLA) to provide paid emergency leave to eligible employees and requires covered employers to provide paid sick leave to employees in need of such leave due to the Coronavirus pandemic. The Act also provides reimbursable tax credits to covered employers for the costs associated with providing this paid leave and sick time.

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THE "CARES" ACT BECOMES LAW

Posted March 30, 2020 in Mitchell F. Green, Robert M. Kramer, Corporate and Taxation, News

THE "CARES" ACT BECOMES LAW

Late Friday, the President signed into law a $2 trillion Coronavirus stimulus package, known as the Coronavirus Aid, Relief and Economic Security (CARES) Act, which passed the House following several days of intense negotiations between Congressional leaders and Treasury Secretary Steven Mnuchin. The bipartisan legislation passed the Senate in a 96-0 vote late Wednesday after lawmakers reconciled differences over expanded unemployment benefits, business tax breaks and aid to states and hospitals.

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