Knowledge

The CARES Act: What Not-for-Profits Need to Know20200330133810

The CARES Act: What Not-for-Profits Need to Know

FMLMarch 30, 2020
On March 27, the House unanimously passed and President signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion economic stimulus law intended to provide immediate relief for individuals, nonprofits, businesses, and state and local governments. The CARES Act is ...
Business Tax Considerations for the CARES Act: Deep Dive20200330101800

Business Tax Considerations for the CARES Act: Deep Dive

FMLMarch 30, 2020
FML leadership shares insights that could affect how your business approaches this legislation On March 27, 2020, President Trump signed into law the $2 trillion bipartisan Coronavirus Aid, Relief, and Economic Security (CARES) Act (H.R. 748).  The CARES Act includes many fe...
CARES Act – Considerations for Venture Capital Backed Companies20200328182648

CARES Act – Considerations for Venture Capital Backed Companies

FMLMarch 28, 2020
The following has been summarized for FML audiences from a synopsis of the CARES Act titled “Affiliation in the Context of SBA Loans – Guidance for Venture Capital Investors” provided by the National Venture Capital Association (NVCA) as of...
CARES Act – Paycheck Protection Program20200328112207

CARES Act – Paycheck Protection Program

FMLMarch 28, 2020
UPDATED April 7, 2020 On March 27, 2020, the House passed and President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES ACT).  Title I, the Keeping American Workers Paid and Employment Act provides one of the key provisions of this Stimulus legislation, the Paycheck Protec...
HR 6201 – Paid Sick Time and Paid Family Medical Leave20200325104306

HR 6201 – Paid Sick Time and Paid Family Medical Leave

FMLMarch 25, 2020
Under the law, employers with fewer than 500 employees are allowed a credit against employer Social Security tax liability equal to 100 percent of the qualified sick leave wages paid by the employer, subject to certain caps. The credit is increased by certain specified health expenses (such as, empl...