WCRE COVID-19 Resource Center
Big Banks Temporarily Shut Out of Small Business Loan Portal
Treasury and the Small Business Administration said Wednesday that they will temporarily shut out big banks from the electronic loan portal used to submit applications for the government’s small business relief […]
Read More....New Jersey’s Roadmap to Recovery
Today, Governor Murphy announced a six-step process in his Road to Recovery plan. The stay-at-home Executive Order, which has been in effect since March 21st, will remain in effect in […]
Read More....PPP Program Now Accepting New Applicants
The Federal small business loan program meant to offer a lifeline to companies that have seen their revenues dry up during the COVID-19 pandemic will resume accepting applications Monday morning, […]
Read More....NJ Governor Signs Executive Order Providing Short-Term Support for Renters
Governor Phil Murphy today signed Executive Order No. 128, allowing tenants to direct their landlords to use their security deposits to offset rent or back rent. The order will take […]
Read More....Trump Signs $484 Billion Relief Bill for Small Business
President Donald Trump signed the latest $484 billion coronavirus relief bill into law Friday. It injects new money into aid for small businesses and hospitals, and puts funding toward Covid-19 […]
Read More....SBA Issues New Guidance for PPP Loans
The Small Business Administration issued new guidance on Thursday that makes it “unlikely” that big publicly traded companies can access the next round of funding for the U.S. government’s small […]
Read More....Senate Passes Additional $484 Billion Relief Package for Small Business
Senate Republicans and Democrats reached a deal Tuesday on a $484 billion coronavirus relief package for small businesses, hospitals and testing. The Senate could vote on legislation as soon as […]
Read More....COVID-19 EMPLOYMENT UPDATE
Here is a list of useful websites to help you and your business navigate the COVID-19 regulatory landscape, including some of the most recent FAQs and Guidance that you should […]
Read More....N.J. Legislature Passes Bills Aimed at Business Relief
The state Legislature passed a bill Monday giving the governor power to suspend rent for three months for New Jersey’s small businesses hurt by the pandemic. The bill was one […]
Read More....Key Income Tax Provisions in the CARES Act
Let’s look at the key income tax provisions in the CARES Act. While a great deal of attention has been given to the availability of business loans under the Paycheck […]
Read More....PPP Loans for 1099 Independent Contractors
A Paycheck Protection Program (PPP) loan is part of the $2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES) Act, with $349 billion designated for PPP loans. Independent contractors […]
Read More....IRS extends more tax deadlines to cover individuals, trusts, estates corporations and others
To help taxpayers, the Department of Treasury and the Internal Revenue Service announced today that Notice 2020-23 (PDF) extends additional key tax deadlines for individuals and businesses. Last month, the IRS announced […]
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