HR Minute

Showing 4 posts by Teresa E. Adams.

CARES Act Expands Protection From Liability to Manufacturers and Others Involved in the Manufacture, Distribution and Supply of Approved Respiratory Protective Devices

Coronavirus

Manufacturers, distributers and others involved in the production and supply of certain devices and drugs needed in the fight against COVID-19 are provided a higher level of protection from liability under both State and Federal law with respect to claims for loss related to the use of the products by individuals.

Continue reading CARES Act Expands Protection From Liability to Manufacturers and Others Involved in the Manufacture, Distribution and Supply of Approved Respiratory Protective Devices ›

Section 2302 of the CARES Act: Delay of Payment of Employment Payroll Taxes - An Update

Coronavirus

The CARES Act legislated several amendments to the tax code in an effort to help businesses maintain higher levels of liquidity during the COVID-19 pandemic. One of these amendments, set out in Section 2302 of the Act, allows an employer to delay the payment of the employer’s share of social security taxes. This article is an update to our previously issued law alert, “Tax Provisions in the CARES Act.”

Continue reading Section 2302 of the CARES Act: Delay of Payment of Employment Payroll Taxes - An Update ›

Employee Retention Tax Credit Under The CARES Act: Alternative Tool for Businesses Not Utilizing The Paycheck Protection Program

Coronavirus

For those businesses that were unable to take advantage of the small business loan forgiveness program known as the Paycheck Protection Program, the CARES Act also offers another provision to help businesses obtain funding to help with expenses during the COVID-19 pandemic. 

Continue reading Employee Retention Tax Credit Under The CARES Act: Alternative Tool for Businesses Not Utilizing The Paycheck Protection Program ›

Tax Provisions in the CARES Act

Coronavirus

The CARES Act, signed by President Trump March 28, 2020, legislates several amendments to the tax code in order to help businesses obtain higher levels of liquidity and give them cash. The relief is extended in hopes that employers who benefit from the emergency rules will be able to keep employees on the payroll during the COVID-19 pandemic. This article provides a top level summary of the various tax incentives targeted at businesses. Except where noted below, these provisions apply equally to companies regardless of how many employees they have.

Continue reading Tax Provisions in the CARES Act ›

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