The Paycheck Protection Flexibility Act of 2020 (H.R. 7010) which was passed by the House on May 28, 2020, was passed by the Senate by unanimous vote late on June 3, 2020. It was signed into law on Friday June 5, 2020 by President Trump.…
Author: Lisa Waterman
Congress Expands Small Business COVID-19 Relief
Congress and the Trump administration have struck a deal on another piece of legislation, the latest in a series of federal measures intended to provide relief in response to the novel coronavirus (COVID-19) pandemic. The $484 billion legislation, which is being referred to as the…
Paycheck Protection Program Runs Out Of Funding In Less Than 2 Weeks & Other News For Today!
PPP Loans We’ve been talking a lot recently about the various loans provided for in the CARES Act, particularly the Paycheck Protection Program (PPP), which in less than two weeks unfortunately ran out of the $349 billion in funding money this morning. Small businesses are…
IRS Extends Payments For First & Second Quarterly Estimates Until July 15th!
The Internal Revenue Service (IRS) recently issued Notice 2020-23 which provides new guidance regarding extensions for several tax form filings and payment obligations that are due between April 1, 2020 and July 15, 2020. Specifically, the new notice postpones all quarterly estimated income tax payments…
How Small Businesses Can Receive Cash…An Overview of the Various Relief Programs!
No, it isn’t an April Fools prank. There are ways small businesses can receive cash in a short period of time. There are a number of loans and other programs available, however, keep in mind that businesses may not apply for different loans to cover…
SBA Loan Applications & Other News!
Everyone has questions about the Coronavirus Aid, Relief and Economic Security (CARES) Act that was passed by Congress and signed by the President last Friday. It is a voluminous bill of over 800 pages and provides $2 trillion designed to provide relief for American workers,…
The CARES Act and Other News
The Coronavirus Aid, Relief and Economic Security (CARES) Act that was passed by Congress and signed by the President is a $2 trillion package designed to provide relief for American workers, businesses, hospitals, government, and certain nonprofits and other employers. A voluminous bill of over…
Newsbreak for March 26, 2020
On Wednesday evening, the Senate passed a $2 trillion stimulus package which is designed to provide relief for American workers, businesses, hospitals and government which are sorely in need during the coronavirus pandemic. It was approved unanimously by a 96-0 vote, and now must be…
IRS Announces People First Initiative
The IRS has unveiled the new People First Initiative to help everyone coping with the challenges of COVID-19. Relief is provided on a variety of issues ranging from easing payment guidelines to postponing compliance actions. Specifics about the implementation will be shared soon. For more…
Garibaldi Group Newsbreak For March 24, 2020
We are continuing to monitor events, and while it is ever evolving, we hope you are finding it useful. We had hoped to be able to bring you news of a new Federal Stimulus Bill today which is sorely needed to provide financial assistance to…