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Showing posts from April, 2020

CARES and Families First Payroll Protection Acts - information for Benefit Funds and Labor Unions

The Coronavirus Aid, Relief, and Economic Security (CARES) Act and the Families First Coronavirus Response Act both provide potential relief for nonprofit associations. We are still awaiting important details on the many provisions of the Acts, but we wanted to provide a summary of some of the programs which will be of interest to our clients.  We will update our materials as additional information becomes available. We have provided sections below specific to your client type. Please check back to this page periodically for updates and further information. Relief available to clients from these Acts Labor Unions         Eligible for:        Employee Retention Tax Credit        EIDL Loan or Advance        Employee Retention Tax Credit (for Unions)        How these programs interact with each other        SBA Payroll Protection Program and Economic Injury Disaster Loans        Tax filing extensions Welfare and Pension Plans         Eligible for:        Employee Re