The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. Click HERE.
This program is designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19. Click HERE.
The U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor) announced that small and midsize 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. Click HERE.
Visit the Consumer Financial Protection Bureau's (CFPB) blog and learn the steps you can take to help protect yourself or a loved one from the financial impact of the coronavirus. Click HERE.
Americans are increasingly feeling the impact of the coronavirus, both on their everyday lives and their financial well-being. As a result of the recently signed CARES Act , the majority of Americans will start to see some financial relief in April through economic impact payments being issued by the Internal Revenue Service. The Consumer Financial Protection Bureau's (CFPB) has curated some common questions being asked about the economic impact payments. Click HERE.
Our nation's small businesses are facing an unprecedented economic disruption due to the Coronavirus (COVID-19) outbreak. On Friday, March 27, 2020, the President signed into law the CARES Act, which contains $376 billion in relief for American workers and small businesses. Click HERE.
The Wage and Hour Division of the U.S. Department of Labor is providing information on common issues employers and workers face when responding to COVID-19, including the effects on wages and hours worked under the Fair Labor Standards Act and job-protected leave under the Family and Medical Leave Act. Click HERE.
The Tennessee Department of Labor and Workforce Development (TDLWD) adheres to Tennessee law and U.S. Department of Labor guidance when determining eligibility for Tennessee unemployment insurance benefits. Click HERE.