Paycheck Protection Program Begins Today

One of the more significant benefits for small business interests contained in the recently enacted Coronavirus Aid, Relief and Economic Security (CARES) Act, the Paycheck Protection Loan Program (PPP) officially began its application process today, and late last evening, the Small Business Administration released its Interim Final Rule for the program. It would appear that…

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FFCRA Sick Leave Mandate Effective Now

With the CARES Act being signed into law last week, one could mistakenly look past the requirements contained in the Families First Coronavirus Relief Act (FFCRA) passed and signed into law the previous week, but you do not want to do that! The FFCRA became effective on Wednesday of this week, April 1, and mandates…

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SBA & IRS Regulations Released

As the “all hands on deck” mindset continues within the federal government in fighting the coronavirus crisis and restoring economic activity as soon as possible, federal regulatory agencies continue to issue guidance clarifying their mandates on a host of issues that dramatically impact business. In that vein, the Small Business Administration has posted guidance on…

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Business Interruption Insurance & Issues

One of the critical issues facing our members – in fact, all small business owners – is the applicability of their business interruption insurance coverage. In such unprecedented times as these in dealing with the coronavirus crisis and the resulting national shutdown of major components of the American economy. “Will my business insurance cover my…

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State Tax Deadlines

As we have reported to you, the Internal Revenue Service (IRS) postponed Tax Day, its tax filing and tax payment deadline by 90 days out to July 15, 2020 with many states immediately agreeing with the new IRS deadline. Others however were much slower to sync their state tax filing dates with the feds, but…

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Other State & Local Actions

As the COVID-19 crisis continues to wreak havoc with the American business landscape, several states and cities have put laws and executive orders on the books to address different issues arising in their communities. North Carolina Governor Roy Cooper on Tuesday of this week signed an Executive Order prohibiting utilities in the Tar Heel State…

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Senate OKs “CARES” Act, House Votes Today

The US Senate yesterday finally passed the $2 trillion “Coronavirus Aid, Relief and Economic Security Act” (CARES Act) by a rare bipartisan and unanimous vote, but the unprecedented stimulus bill faces some challenges in the US House. House Speaker Nancy Pelosi originally had hoped to pass the legislation by unanimous consent (avoiding recalling the House…

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“CARES” Act Summaries

We want to emphasize that any analysis of the pending $2 trillion “Coronavirus Aid, Relief and Economic Security Act” (CARES Act) that you may read – whether provided by DDIFO or any other organization is NOT YET FINAL, as the legislation is still pending in Congress. That said, we have a preliminary summary from the…

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COVID-19 Webinars

Join the Coalition of Franchisee Associations (CFA) and the International Franchise Association (IFA) at 11:45 a.m. ET this morning for a webinar providing a more detailed look at the Paid Leave requirements of the Families First Coronavirus Relief Act, signed into law by the President last week along with some of the provisions pending in…

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State Loan Programs

Aside from the loan and other financial components contained in the pending federal CARES Act, a number of states and cities are also looking to create and fund business loan programs to help get the economy back on track. Toward that end, 10 days ago the Florida Small Business Emergency Bridge Loan program was launched…

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