New Funds, Old Problems: 5 Things to Know About the Paycheck Protection Program Process
Last week, it was revealed that the $349 billion government program established to keep small businesses afloat during the pandemic and resultant economic crisis had already run out of money. Administered by the Small Business Administration (SBA), the Paycheck Protection Program funds were depleted after just 13 days. During this brief time, the SBA says […]
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Coronavirus and Beyond: IRS Promises Full, Immediate Reimbursement for Sick Leave
It’s no surprise that the coronavirus pandemic and response have led to layoffs and economic uncertainty. The Secretary of Labor Eugene Scalia has confirmed, “This large increase in unemployment claims was not unexpected,” but stimulus checks and other measures are expected to soften the impact. The federal government has also sought to provide incentives and […]
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