Articles

Q&A about the CARES Act employee retention tax credit

The recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act provides a refundable payroll tax credit for 50% of wages paid by eligible employers to certain employees during the COVID-19 pandemic. The employee retention credit is available to employers, including nonprofit organizations, with operations that have been fully or partially suspended as a result […]

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Fake COVID-19 treatments and other new fraud schemes

Like the coronavirus (COVID-19) pathogen itself, incidents of COVID-19 fraud are surging and financial losses are piling up. The Federal Trade Commission (FTC) reports that the number of 2020 COVID-19-related complaints doubled in just one recent week. As of March 31, losses attributed to the outbreak stood at $5.9 million. Here are some of the […]

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Health Care Funding Initiatives and Regulatory Relief Due to Coronavirus

Information is changing daily, if not hourly, and it is increasing hard to keep up especially for healthcare providers who are on the frontlines of the COVID-19 pandemic. It is a delicate balance dealing with constant changes from federal, state, and local authorities while juggling the needs of your facility such as increased staffing challenges, […]

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Paycheck Protection Loan Program

The Small Business Administration (SBA) has released the interim final rule, which provides additional guidance and requirements for the $349 billion Paycheck Protection Program (PPP.)  This final rule includes some changes including doubling of loans’ interest rate to 1%, from 0.5% There seems to be so much information out there about all of the COVID-19 […]

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