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CARES Act – Practical Considerations for Healthcare Providers
Understand available revenue enhancements and funding to recoup expenses and lost revenue related to COVID-19The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides healthcare...
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CARES Act Impact on Institutions of Higher Education
Education Stabilization Fund of $31 billion to Help Educational Institutions and State GovernmentsThe Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides budgetary relief, student...
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Banks, Savings Association and Credit Unions | Freed Maxick
Five federal financial regulatory agencies today issued a joint statement encouraging banks, savings associations and credit unions to offer responsible small-dollar loans to consumers and small...
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Counterparty Credit Risk and CECL Update | Freed Maxick
The federal bank regulatory agencies today announced two actions to support the U.S. economy and allow banking organizations to continue lending to households and businesses:Allowing early adoption of...
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Fair Credit Reporting Act Update | Freed Maxick
Consumer Financial Protection Bureau Guidance on Credit ReportingThe Bureau’s statement informs lenders they must comply with the CARES Act. The Bureau’s statement also encourages lenders to continue...
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Nonprofit’s Guide to Stimulus Legislation | Freed Maxick
The U.S. government has approved far-reaching legislation to provide relief to American families, businesses and nonprofit organizations. Two significant bills are the Families First Coronavirus...
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Federal Government Expands Access to Loans for Small and Midsize Businesses
Title IV of the Coronavirus Economic Stabilization Act of 2020 (CARES) moves $500 billion into Treasury’s Exchange Stabilization Fund to provide liquidity to eligible businesses, states and...
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FASB Proposes Lease Standard Deferral | Freed Maxick
The standard would be effective for fiscal years beginning after December 15, 2021.On April 8, 2020, the FASB issued a proposal to defer the effective date for ASU 2016-02, Leases, and its subsequent...
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CARES Act's Impact on Qualified Improvement Property | Freed Maxick
Bonus Depreciation Creates an Opportunity, but Requires an Overall Tax AnalysisThe 2017 Tax Cuts and Jobs Act (“TCJA”) amended IRC section 168(k) to eliminate qualified improvement property (“QIP”) as...
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FEMA Public Assistance for DR-4480 | Freed Maxick
FEMA will provide funding for labor, materials and equipment directly related to the COVID-19 emergencyThe President issued a major disaster declaration, DR-4480, on March 20, 2020 for the COVID-19...
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IRS Extends More Tax Deadlines | Freed Maxick
Action expands previous action to cover individuals, trusts, estates, corporations and othersTo help taxpayers, the Department of Treasury and the Internal Revenue Service announced today that Notice...
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More Than 500 Employees So No PPP? – Maybe Not! | Freed Maxick
The U.S. Small Business Administration (SBA), in consultation with the Department of the Treasury published Frequently Asked Questions regarding the Paycheck Protection Program (PPP), which was most...
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Retirement Funds Under the CARES Act | Freed Maxick
Whether you are a Plan Administrator or a participant in a retirement plan it is important to understand these benefits.Section 2103, Special Rules for Use of Retirement Funds of the “Coronavirus Aid,...
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Telehealth Remote Communications During COVID-19 | Freed Maxick
Notification provides guidance on the use of video conferencing technologies to provide telehealth servicesOn March 17, 2020, the Office for Civil Rights (OCR) announced the “Notification of...
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Adapting to a Remote Work Environment | Freed Maxick
Ideas to “normalize” your environment to adapt to work style changesFor much of the workforce, life has changed drastically over the past few weeks. The combination of school closings and mandatory...
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Importance of Privileged Access Management in Organizations | Freed Maxick
With evolving and steadily increasing cyber-attacks, many organizations are not taking steps to stop the abuse of privileged credentialsA recent survey from Centrify, a privileged access management...
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CARES Act Provides Added Value to Net Operating Losses | Freed Maxick
Liquidity, Relief and an Action Plan for Carryback ClaimsBy now we have all heard about the various stimulus and relief packages deployed by the government aimed at providing economic and fiscal relief...
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CARES Act – Economic Impact Payments | Freed Maxick
There are still several questions regarding the payments, and the information below aims to answer some of them.On March 27, 2020, the President signed the Coronavirus Aid, Relief and Economic Security...
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Payment Protection SBA Loans | Freed Maxick
As part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the Paycheck Protection Program (PPP) provides $349 billion of loan funds to support small businesses and other eligible...
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Unemployment Insurance Benefits in NYS Under the CARES Act | Freed Maxick
In response to the Coronavirus Pandemic, on March 27, 2020, President Trump signed the Coronavirus Aid, Relief and Economic Security (CARES) Act, a $2 trillion stimulus bill. The Relief for Workers...
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