Newburg Update for 4/3/2020 – Employee Retention Credit under the CARES Act – FAQs
FAQs: Employee Retention Credit under the CARES Act What is the Employee Retention Credit? The Employee Retention Credit is a fully refundable tax credit for employers equal to 50% [...]
Newburg Update for 3/30/2020
*UPDATE - SBA COVID-19 EIDL Disaster Loan High-Level Recap (Updated 3/30/20) SBA Economic Injury Disaster Loan (EIDL) loans (Apply direct thru SBA website): This program can provide up to [...]
Newburg Update – 03.28.2020
House Passes and President Signs CARES Act Late Friday afternoon, the House passed and the President signed into law the CARES Act, a $2 trillion stimulus package that provides [...]
SBA Loans and Forgiveness under the new Stimulus Program (CARES)
Stimulus SBA Loan and Forgiveness Program ("Paycheck Protection Program") As part of the new stimulus package making its way to the House and President for signature this Friday, $349 billion [...]
NEWBURG Update for 03.26.2020
National News The White House and Senate leaders agreed on the highly anticipated $2 trillion dollar massive stimulus package Coronavirus Aid, Relief and Economic Security (CARES). The proposed legislation will [...]
Employment Options for Employers in Response to COVID-19
Many clients have been asking the best way to handle changes in employees' (employment) status, with respect to the impact of the COVID-19 pandemic. Below is an outline, from [...]
Update to Treasury Deadline and Clarification on Paid Family Leave
Update on the Federal 90-Day Waiver of Penalties and Interest on Tax Payments Back on March 17, 2020 Treasury Secretary Mnuchin announced a 90-day grace period on the payment [...]
MA Announces Small Business Administrative Tax Relief
Small Business Relief: Yesterday the Baker-Polito Administration announced administrative tax relief measures for small local businesses which have been impacted by the ongoing COVID-19 outbreak, especially in the restaurant [...]
Update on SBA Disaster Loan Assistance
As of yesterday afternoon, the SBA Economic Injury Disaster Loan (EIDL) program is now activated for Massachusetts. Primary eligible Counties: Barnstable, Berkshire, Bristol, Dukes, Essex, Franklin, Hampden, Hampshire, Middlesex, Nantucket, [...]
Update on SBA Disaster Loan Assistance
As a follow up to our previous article regarding SBA Economic Injury Disaster Loan (EIDL), we wanted to inform you that Governor Baker has requested an EIDL disaster declaration to the [...]