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Phone: 716-854-5034
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  • The DOL recently issued more guidance on the Family First Coronavirus Response Act (FFCRA) which takes effect beginning today, April 1st, 2020. The FFCRA allows for some small business exemptions and employers to exempt “health care providers” and “emergency responders”. The new DOL guidance includes…

  • In response to the Coronavirus 19 pandemic, Congress has passed $2 Trillion dollar’s worth of economic aid to American taxpayers and businesses. The scope and extent of these laws is both wide ranging and immediate in an attempt to assist economic disruption caused by the…

  • On March 27, President Trump signed into law another coronavirus (COVID-19) law, which provides extensive relief for businesses and employers. Here are some of the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Employee retention credit The new law provides…

  • On March 7, 2020, Governor Andrew M. Cuomo declared a State Disaster Emergency for all of New York State due to the impact of the novel coronavirus, COVID-19 outbreak. The Governor has subsequently issued Executive Order No. 202.12 authorizing the Commissioner to provide relief from…

  • The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses.

  • Congress has recently passed the “CARES Act” which is a $2 trillion stimulus package to help deal with the economic fallout from the coronavirus pandemic. The president is expected to sign it shortly. The main provisions include: $250 billion for direct payments to individuals and…

  • Last week we emailed clients information about the new Family First Coronavirus Response Act (FFCRA). The language of the Act states that the leave provisions take effect “not later than 15 days after the date of enactment.” The Act was passed on March 18, 2020….

  • The U.S. Small Business Administration (SBA) is offering a low-interest federal disaster loan through the Economic Inquiry Disaster Loan Program (EIDL). The loan is for working capital for small businesses suffering substantial economic inquiry as a result of the Coronavirus. These loans: • Offer up…

  • As you may have heard, the IRS has extended the filing and payment deadlines for individual and corporate tax returns that are due April 15, 2020. Payments that would otherwise be due April 15, 2020 are automatically extended until July 15, 2020 for payments of…

  • The COVID-19 situation in the United States is continuously changing. Both the Federal government and the New York State government recently signed major legislation into law giving employees job-protected, paid leave from work. Many of our clients have questions regarding the new paid leave bills…