Tag: #CARES

Governor Wolf of Pennsylvania announces new restrictions

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On November 24, 2020

In Pennsylvania, State/Local

Governor Wolf of Pennsylvania announced new restrictions and a new plan aimed at increased enforcement for not following orders already in place and those announced yesterday with the announcement of potential regulatory action for “repeat offenders.”

The press release can be read in full HERE.   The new order can be read in full HERE.

The updated order mentions immunity from civil liability for businesses by declaring within the order that they are working in essential emergency service activities but only as related to the masking mandate which can be read HERE.

Wolf and Pennsylvania Health Secretary Dr. Rachel Levine announced the new measures in a news conference yesterday, November 24. … Read More

The New Charitable Deduction for Non-itemizers

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On September 3, 2020

In Federal

Many charitable organizations are now experiencing a decline in giving as the U.S. finds itself grappling with the COVID health crisis.  In response, Congress included a provision in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116-136, intended to provide some relief for charitable organizations. Section 2204 of the CARES Act permits eligible individuals who do not itemize deductions to deduct $300 of qualified charitable contributions as an “above-the-line” deduction, i.e., as an adjustment in determining adjusted gross income (AGI), for tax years beginning in 2020.

QUALIFYING FOR THE DEDUCTION

For tax years beginning in 2020, eligible individuals may deduct up to $300 in qualified charitable contributions made to qualified charitable organizations.… Read More

Initial $30 Billion of CARES Act relief on its way to healthcare providers

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On April 13, 2020

In Federal

Hospitals and health care providers in America who have been impacted by the new coronavirus outbreak may notice a direct deposit from the Department of Health & Human Services (HHS) in their bank accounts.  The payments are a component of the CAREs Act legislation enacted on March 27, 2020.  The Act provides $100 billion in relief funds to hospitals and other healthcare providers on the front lines of the coronavirus response.

The payments that began Friday April 10th are a part of the initial disbursement of $30 billion intended to deliver funds quickly and transparently.  $26 billion was already disbursed to providers by direct deposit. … Read More

COVID-19 Relief – Payroll Tax Credits for Emergency Sick Pay, Family Leave Wages and Employee Retention

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On April 10, 2020

In Federal

Brinker Simpson & Company, LLC hosted a webinar today to provide an overview of the refundable tax credits available to businesses to reimburse the costs of paid sick and family leave and to encourage employee retention from financially impacted employers.  Michael Crotty and Christopher Gerber, Partners at Siana Law firm joined the panel to provide insight on the considerations that should be made with regard to compliance with Labor Law.

A recording of that overview and the following Q&A from participants can be viewed HERE.

The required Department of Labor Poster can be downloaded and viewed HERE.

 … Read More

SBA Economic Injury Disaster Loans and Loan Advance

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On March 31, 2020

In Federal, Financial Resources

SBA Economic Injury Disaster Loans and Loan Advance

Overview

The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides for an emergency advance of $10,000 to small businesses and private non-profit organizations affected by COVID-19. In order to receive the advance, you must apply for the Economic Injury Disaster Loan (EIDL) and request the advance at the end of the application process. The loan advance funds will not have to be repaid even if the EIDL application is denied. The EIDLs are up to $2 Million with terms up to 30 years and interest rates of 3.75% for small businesses and 2.75% for non-profits.… Read More

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