COVID-19 Updates 2020

Health Care Coverage Updates

Health care coverage updates! In response to COVID-19, the IRS is allowing employers to permit their employees to change their health coverage elections or dependent care elections during the year! Click here for more information

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CPAs Support Business Owners During COVID-19 Crisis

CPA’s all over are providing reassurance and advice for small businesses during the economic uncertainty of COVID-19. Check out this article that features Chet Buchman, CPA, CEPA, CNC, CVA, CGMA and Managing Partner for SJHL! https://www.journalofaccountancy.com/news/2020/apr/how-cpas-help-small-business-owners-during-coronavirus-pandemic.html

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Employee Rights

The Families First Coronavirus Response Act (FFCRA or Act) requires certain employers to provide their employees with paid sick leave and expanded family and medical leave for specified reasons related to COVID-19. These provisions will apply from April 1, 2020 through December 31, 2020. Click here for pdf

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Economic Injury Disaster Loan (EIDL)

The Coronavirus Aid, Relief, and Economic Security (CARES) Act expands the Small Business Administration’s long-standing Economic Injury Disaster Loan Program (EIDL). The EIDL program was created to assist businesses, renters, and homeowners located in regions affected by declared disasters. Click here for pdf

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Guide to Employee Retention Tax Credit

The Coronavirus Aid, Relief, and Economic Security (CARES) Act created a new employee retention tax credit for employers who are closed, partially closed, or experiencing significant revenue losses as a result of COVID-19. Click here for pdf

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SBA Loan Application!

The application is open! Please reach out if there is anything we can do to help. We have a special team dedicated to understanding the SBA Loan information that is coming out rapidly. There are a number of small businesses we have already started assisting and we would love to see the success of yours.…

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Temporary Paid Leave Rule

The Wage and Hour Division provides information on common issues employers and employees face when responding to COVID-19, and its effects on wages and hours worked under the Fair Labor Standards Act (FLSA), job-protected leave under the Family and Medical Leave Act (FMLA), and paid sick leave and expanded family and medical leave under the…

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