CARES Act

Federal Reserve Bank of San Francisco
By Laura Davison
May 15, 2020 10:03 AM

Lax eligibility requirements are raising new questions about which firms should get access to public money.

5 Min Read
Paychex office
Michael Cohn
May 14, 2020 4:56 PM

The Small Business Administration’s troubled Paycheck Protection Program appears to be providing more businesses with long-awaited loans, despite the rocky rollout and ever-changing guidance, according to a new survey.

3 Min Read
IRS headquarters in Washington, D.C.
IRS
Tracey J. Niemotko
May 14, 2020 3:52 PM

The Internal Revenue Service guidance caused some consternation among some small businesses and tax experts.

2 Min Read
House Minority Leader Nancy Pelosi
By Erik Wasson, Steven T. Dennis and Laura Litvan
May 13, 2020 5:35 PM

Republicans universally rejected a $3 trillion stimulus measure drafted by House Democrats to bolster the U.S. economy, but the draft plan has the seeds for an eventual, smaller compromise.

7 Min Read
hoyer-steny-congress-mask.jpg
By Erik Wasson and Laura Davison
May 12, 2020 4:30 PM

House Democrats proposed a $3 trillion virus relief bill Tuesday, combining aid to state and local governments with direct cash payments, tax breaks, expanded unemployment insurance and food stamp spending as well as a list of progressive priorities like funds for voting by mail and the troubled U.S. Postal Service.

7 Min Read
shuttered-businesses.jpg
SBA
John Geraci
May 12, 2020 12:21 PM

We have all spent so much time and energy applying for the Paycheck Protection Program, trying to interpret and decipher the intent behind the words.

5 Min Read
The H&R Block, Inc. logo is displayed in front of the company's flagship office in New York, U.S., on Friday, March 3, 2012. H&R Block, Inc. provides tax services to the general public, accounting and consulting services, and consumer financial and personal productivity software. Photographer: Scott Eells/Bloomberg
Jeff Stimpson
May 7, 2020 6:25 PM

The tax prep chain is offering consulting services starting at $99.

1 Min Read
Treasury Department building
Michael Cohn
May 7, 2020 6:15 PM

The decision, prompted by requests from a bipartisan group of lawmakers, reverses previous IRS guidance.

2 Min Read
“My ability to respond to questions about what goes on in the White House Counsel's Office or the White House may be limited by my ethical obligations — ethical obligations that bind all lawyers,” said White House lawyer Brian Miller.
May 5, 2020 6:17 PM

As special IG for the Treasury’s allocation of $500 billion in aid, Brian Miller could look into funding for Fed credit facilities. But Democrats on the Senate Banking Committee questioned his independence.

4 Min Read
The 115th Congress convenes for the first time in 2017
Mark Watson
May 5, 2020 9:00 AM

There's a great deal of help for businesses in the CARES Act and the FFCRA.

5 Min Read