*****THIS BLOG POST HAS BEEN SUPERSEDED, SPECIFICALLY THE TERMS OF THE LOAN RATES AND REPAYMENTS. SEE UPDATED BLOG POST PAYROLL PROTECTION PROGRAM LOAN APPLICATION RELEASED***** Seemingly the most significant lending option in the CARES Act, the small business-focused Paycheck Protection Program increases the government guarantee...
This is current as of 3/25/2020. The information may change as new programs and aid package legislation are passed. Please note NYS PFL is available only for those sickened by COVID-19 or have to care for a family member sickened by it (as always is...
As explained in our previous posts, on March 18th the Federal government and New York State each passed independent emergency legislation guaranteeing job protection and pay for New Yorkers who have been quarantined as a result of novel coronavirus, or COVID-19. Two days later, on...
Mayor Bill de Blasio announced on March 8 that the City will provide relief for small businesses across the City seeing a reduction in revenue because of COVID-19. Businesses with fewer than 100 employees who have seen sales decreases of 25% or more will be...
The U.S. Small Business Administration has added all counties within the State of New York as eligible for the SBA Economic Injury Disaster Loans. Below please find important information and links from the Town of Brookhaven Division of Economic Development regarding the SBA Economic...
The IRS has made an announcement to not only delay tax owed to the IRS, but has now extended the filing deadline to 7/15. It is important to note that not all states have approved such deadlines. If you are receiving or expecting to...
The Treasury, IRS and US Department of Labor have announced that small and mid sized employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees....
Important information for New York Employers about Covid-19 Paid Sick Leave; Click here to read more: Employers - Covid-19 Paid Sick Leave To address the immediate need of employees affected by COVID-19 who are subject to mandatory or precautionary orders of quarantine or isolation, the new...
TAX CHANGES DUE TO THE CORONAVIRUS On Wednesday, following President Trump’s emergency declaration under the Stafford Act on March 13, 2020, the U.S. Treasury Department and IRS released official guidance to provide relief from tax deadlines to assist in economic relief efforts related to the impact of...
Please visit our booth at the Melville Chamber of Commerce Business Expo. Date And Time Wed, October 30, 2019 10:00 AM – 3:00 PM EDT Location Hilton Long Island/Huntington 598 Broadhollow Road Melville, NY 11747 For Registration and Tickets click here: https://melvillechamber.org/chamber-events/business-expo-2019 ...
