The CARES Act and Small Businesses The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) is the largest financial assistance bill ever passed by Congress. With $2 trillion allocated for businesses, individuals, federal agencies, and state and local...
Month: March 2020
Business Loan Programs, “Essential” Businesses, Questions Regarding Employment, and Changes in Unemployment Insurance
"Essential" New Mexico Businesses On March 23, 2020, Gov. Michelle Lujan Grisham announced additional restrictions to disrupt the spread of the COVID-19 virus in New Mexico and instructed New Mexicans to remain in their homes or places of residence except for outings...
Certain Tax Filing and Payment Deadlines Extended
By Suzanne Wood Bruckner and Robert J. Johnston Lawyers The Treasury Department and the Internal Revenue Service announced an extension of April 15 deadlines due to the COVID-19 Outbreak. The April 15, 2020 income tax filing deadline is automatically extended...
General Employer Guidance for Families First Coronavirus Response Act
By Liliana Benitez De Luna and Alison K. Goodwin Lawyers The Families First Coronavirus Response Act (“FFCRA”) takes effect on April 1, 2020 and will remain in effect until December 31, 2020. The FFCRA enacts the Emergency Paid Sick Leave Act (“Paid Leave...
Amended H.R. 6201 Families First Coronavirus Response Act Passed
By Barbara G. Stephenson Lawyer Amended H.R. 6201, as amended by the House of Representatives earlier this week, has been passed by the Senate and signed by President Trump. There are two major topics of interest to employers having 500 employees or fewer:...