Congress moves closer to new stimulus relief package
A second stimulus check is officially back on the menu. After weeks of advancing a COVID-19 relief package without funding for an extra check, negotiators in Washington are shaping a new $900 billion coronavirus stimulus bill that is said to include a second stimulus check. Instead of another $1,200 payment, however, the bill will set a cap of $600 […]
$600 monthly unemployment bonus being debated
There’s an intense debate currently occurring on Capitol Hill regarding additional relief and/or stimulus benefits for small businesses. Both political parties seem to be in agreement that more aid is needed as a result of the Coronavirus pandemic; however what should be included in the next round of legislation is far from certain. One area […]
PPP loans were meant for small businesses, not big corporations
Treasury Secretary Steve Mnuchin expressed his disappointment or anger with large companies that applied for and were granted Payroll Protection Program (PPP) loans during a CNBC interview Tuesday morning. His comments came following numerous reports of larger companies and organizations being granted PPP loans. He did voice his appreciation for the PPP funds returned to […]
PPP Loan Processing: David versus Goliath
Observations this morning from Larry Kudlow (Director of the U.S. National Economic Council) are that the smaller community and regional banks are outperforming the major banks thus far (including Wells Fargo, Bank of America and Chase Bank) in processing PPP loan submissions. In fact, we can report that our PEO clients that have utilized the […]
Anxious Americans await their relief checks
Individuals and families across the U.S. are eager to receive their CARES Act relief checks from the government, and while they wait, many are asking the same question— “how does the government know where to send my funds?” The Treasury Department is using rules for disbursing the relief funds to Americans based on standards established […]
More Updates with Questions and Answers for the CARES Act (Stimulus Package)
The COVID-19 crisis confronting all Americans and the world at large has created countless health and economic challenges for us all. The U.S. Federal Government’s response to this crisis has been unprecedented. The largest economic relief initiative in U.S. history, referred to as the CARES Act, includes financial relief programs for American citizens and businesses […]
Stimulus Update – What is the next phase & What is included the plan so far
It was a unanimous vote in the Senate Wednesday night to pass the “Keeping Workers Paid and Employed Act” which now moves to the House of Representatives. Most on Capitol Hill expect the Bill to make its way through the House sometime on Friday (March 27th). The Bill will help to prevent workers from losing […]
