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HSB Webinar: COVID-19 Update
July 01, 2020
On July 8, HSB’s Employment Law team provided an update via webinar on COVID-19’s continued impact on SC employers.PPP Update: SBA Issues Additional Interim Final Rules
May 23, 2020
One week after issuing the long-awaited Paycheck Protection Program (PPP) Loan Forgiveness Application, summarized here, the Small Business Administration (SBA) issued two interim final rules on May 22, 2020 addressing loan forgiveness, loan review procedures, and borrower and lender responsibilities.PPP Safe Harbor Repayment Deadline Extended, Treasury Promises Additional Guidance
May 06, 2020
Late on Tuesday, May 5, 2020, the US Treasury Department extended the deadline for a safe harbor repayment of PPP loan funding from May 7 to May 14 and promised additional guidance on how the Small Business Administration will review the good-faith “necessity” certification prior to that time.
Senate Passes Paycheck Protection Program and Health Care Enhancement Act to Add $310 Billion to Paycheck Protection Program
April 22, 2020
The United States Senate passed a bill on Tuesday, April 21, to increase the $349 billion cap under the Paycheck Protection Program (PPP). The “Paycheck Protection Program and Health Care Enhancement Act” would add another $310 billion in funding to the PPP, increasing the total amount to $659 billion.Comprehensive Overview of the Paycheck Protection Program
April 14, 2020
On March 27, President Trump signed the Coronavirus Aid, Relief and Economic Security (CARES) Act, a historic $2 trillion stimulus package to provide financial assistance to individuals and businesses. One of the most important components of the CARES Act is the Paycheck Protection Program (PPP), administered by the Small Business Administration (SBA).Essential Services Guide to Keeping Workplaces and Employees Safe During COVID-19
April 10, 2020
Businesses operating on-site during the COVID-19 pandemic must take extra precautions to ensure they are not subjecting their employees and others on-site to an outbreak that can be avoided by reasonable protections.HSB and Synergi Partners Host Webinar on Coronavirus Relief Credits
April 09, 2020
Haynsworth Sinkler Boyd and Synergi Partners provided an overview of the economic relief options currently available to employers in the FFCRA and CARES Act during a webinar on April 7, 2020Interim Final Rule Implementing Paycheck Protection Program Issued
April 02, 2020
The Small Business Administration (SBA) issued an interim final rule on Thursday, April 2, to facilitate implementation of the Paycheck Protection Program, one of the hallmarks of the CARES Act signed into law on Friday, March 30.IRS Launches Employee Retention Credit
April 01, 2020
On March 31, 2020, the Internal Revenue Service (IRS) launched the Employee Retention Credit for employers who have been impacted by COVID-19. Below are details about the credit: