Coronavirus

Paycheck Protection Program Created Along With $2T Stimulus Package

On Friday, a $2 trillion stimulus package known as the Coronavirus Aid, Relief and Economic Security Act (CARES Act) created the Paycheck Protection Program. The purpose of the Paycheck Protection Program is to help you retain your employees at their current base pay. If you keep all of your employees, the entirety of the loan will be forgiven. The amount of the loan can be up to 250% of 8 weeks of payroll wages that apply to any timeframe beginning February 15, 2020 to June 30, 2020. The intent of the stimulus package is to keep employees on the payroll. If… Read More »

Families First Coronavirus Response Act Signed Into Law

On March 18, 2020, President Trump signed the Families First Coronavirus Response Act (“Act”) into law. There are two paid leave sections of the Act that private employers with fewer than 500 employees and public agencies must be aware of: (1) the Emergency Family and Medical Leave Expansion Act (the “EFMLEA”) and (2) the Emergency Paid Sick Leave Act (the “EPSLA”). Both provisions will take effect before April 2, 2020 and expire on December 31, 2020. The Emergency Family and Medical Leave Expansion Act The EFMLEA is an expansion of the Family and Medical Leave Act (“FMLA”) that requires private employers with less… Read More »