Entries by Naomi Lemon

New Paid Leave Requirements

Starting April 1, 2020, businesses with fewer than 500 employees will need to provide employees with paid time off a variety of reasons relating to the COVID-19 pandemic. This is in response to the Families First Coronavirus Response Act. Click here to read more about the U.S. Department of Labor’s employer requirements. Also you need […]

Employee Retention Program

The Treasury Department’s Employee Retention Credit program launched this week. The program is designed to encourage businesses that don’t qualify for the SBA’s Payment Protection Program to keep employees on their payrolls. Learn more about this loan here. Employee Retention Credit FAQs (Source United States Senate Committee on Finance) What businesses qualify for the employee […]

FAQ for SBA loans and the CARES Act

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses. Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis […]

Paycheck Protection Program

Under the CARES Act, the Small Business Administration is offering The Paycheck Protection Program. The program is offering small loans on favorable terms for payroll necessities. It is intended to: 1) help small businesses cover their near-term operating expenses during the worst of the crisis, and 2) provide a strong incentive for employers to retain […]

Investigating economic warfare actions by Saudi Arabia and Russia

Six U.S. Senators submitted a letter to The Honorable Mike Pompeo at the Secretary of State, asking him to begin investigating economic warfare actions by Saudi Arabia and Russia against the United States. This action is a critical step in restoring our nation’s oil prices to a stable level. The six senators were Sen. Kevin Cramer (R-ND), Sen. Lisa Murkowski (R-AK), Sen. Dan […]

Summary of the Coronavirus Aid, Relief and Economic Security (CARES) Act (Senate Substitute Amendment to H.R. 748)

After countless hours of negotiation between Congressional leaders and the White House, a final deal on the third coronavirus-related bill was reached and approved by the Senate just before midnight on March 25, 2020. The Senate approved the measure with a vote of 96-0; and the House is expected to pass the bill on Friday. […]

SBA Disaster Loan Program

This information is correct as of 3/23/2020 Anyone interested in applying for this program will apply directly with the SBA. This loan program is NOT being funneled through Banks like the typical SBA 7A or SBA 504 loan programs are. Click here for the SBA Disaster Loan Program. Click here to download the presentation from […]

Congress Reaches Agreement On A Coronavirus Relief Package: Tax Aspects Of The CARES Act

Tony Nitti | Forbes A nation desperate for any reason for optimism got just that on Wednesday evening, with word that Congress had finally agreed upon a stimulus package designed to reverse the devastating impact of the COVID-19 pandemic. The Senate overwhelmingly passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, and the House […]

Investigation Anti-dumping from Saudi Arabia & Russia

Senator Inhofe has submitted a letter to the Department of Commerce, signed by nine other oil and gas state U.S. Senators asking them to begin investigating anti-dumping actions against Saudi Arabia and Russia. Senator Inhofe was joined by Sen. Roger Wicker (R-MS), Sen. Kevin Cramer (R-ND), Sen. Lisa Murkowski (R-AK), Sen. Mike Rounds (R-SD), Sen. […]