COVID-19 Planning for Business Owners

Since March 18th, 2020, when President Trump signed the Families First Coronavirus Response Act, employers have scrambled to understand their rights and responsibilities to their employees.  The Department of Labor continues to issue guidance on Emergency Paid Sick Leave and Public Health Emergency Leave.

Before the end of his term, President Trump went on to sign the $2 trillion CARES Act and the Consolidated Appropriations Act, expanding certain tax credits for business owners as well as creating and clarifying the complex Paycheck Protection Program (PPP) and its application and forgiveness process.

Now with the enactment of the $1.9 trillion American Rescue Plan Act by President Biden, which further expands many of the programs and tax credits created by earlier pandemic relief packages while limiting and newly creating others, it’s more important than ever for business owners to seek guidance.

Employers whose businesses have been significantly affected during this time are working through a myriad of issues regarding furloughed employees, rehiring and moving toward normal operations, applying for and/or making use of government assistance, and estimating potential loan forgiveness under the PPP by the coronavirus have asked whether they should furlough their employees?

Such an unprecedented set of challenges demands careful analysis and planning at both the strategic and tactical levels. GranthamPoole is helping our clients chart a course to maintain and enhance stability and achieve success through this time, considering all these factors and more.  Let us help you as well.  Contact us or fill out a consultation card below for assistance.