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Plan for Employee Safety as Employees Return to Work

Chances are, employers don’t need the force of law to make them care about the health of their employees, especially during the novel coronavirus (COVID-19) pandemic. But it’s still important to know what the federal workplace safety agency — the Occupational Safety and Health Administration (OSHA) — has to say about
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Update on Main Street Lending Program

The Federal Reserve Board’s Main Street Lending Program should be up and running by the end of May, Fed Chairman Jerome Powell told the Senate Banking Committee Tuesday. The Main Street program is intended to provide support for small and mid-size businesses that were in good financial condition before the
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SBA Announces Safe Harbor for PPP Borrowers with Loans for Less than $2M

Following the recent announcement that the Small Business Administration would review any Paycheck Protection Program loans made in amounts exceeding $2 million, the agency today issued guidance extending an automatic safe harbor to borrowers receiving PPP loans with an original principal amount of less than $2 million. These borrowers “will
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CARES Act Services Guidance

As our clients’ First Choice Advisor, RBT CPAs, LLP, is prepared to assist our clients in navigating the challenges created by the fallout from the COVID-19 virus. The Coronavirus Aid, Relief and Economic Security (CARES) Act created or extended several programs to provide financial assistance and relief, including the Economic
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CARES Act expands access to loans for small and midsize businesses

The Coronavirus Aid, Relief and Economic Security (CARES) Act signed into law on Friday, March 27, provides various options for small and midsize businesses facing liquidity challenges from the COVID-19 crisis. This has been updated to reflect SBA guidance issued on April 6, 2020, and information on the Main Street
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Loans: EIDL, Paycheck Protection Program and Main Street Lending

Updated 4/23/20 – Effective April 23, 2020, Congress has approved an additional $310 billion in funding for the Paycheck Protection Program, $50 billion for the EIDL program and $10 billion for emergency EIDL grants. This reserves certain amounts for the loans to be made as follows (which may make it
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Answers to questions you may have about Economic Impact Payments

Millions of eligible Americans have already received their Economic Impact Payments (EIPs) via direct deposit or paper checks, according to the IRS. Others are still waiting. The payments are part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Here are some answers to questions you may have about
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Changes to the SBA Economic Injury Disaster Loan Program

We are writing to inform you of additional developments related to the Economic Injury Disaster Loan (EIDL) program. Applications for the low-interest disaster loan program in the wake of the coronavirus crisis have far exceeded the funds available for the program, resulting in the apparent rationing of cash to applicants,
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Geese are the Symbol of RBT CPA's
Geese are the Symbol of RBT CPA's