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K·Coe Insights

Paycheck Protection Program (PPP): Considerations When Applying

By K·Coe Editorial | April 2, 2020
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Reading Time: 2 minutes As Paycheck Protection Program (PPP) applications are slated to start on April 3, K·Coe Isom advisors have been getting many questions and requests for guidance.  We’d like to clear the air, and provide some important considerations – for the benefit of businesses. Important Loan Forgiveness Update Clarification was released this …

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CARES Act FAQs: Helpful Loan Guidance for Businesses

By K·Coe Editorial | April 1, 2020
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Reading Time: 6 minutes Since its passage on March 27, the Coronavirus Aid, Relief, and Economic Security (CARES) Act continues to be aggressively dissected, digested, and questioned by lawyers, accountants, HR and payroll administrators alike – with the intent to help businesses secure funding to endure the economic downturn caused by the COVID-19 pandemic. …

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CARES Act: 4 New Provisions for Employer Benefit Plans

By K·Coe Editorial | March 31, 2020
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Reading Time: < 1 minute In an effort to further help individuals and employers, the CARES Act has enacted provisions that create temporary relief through employer benefit plan changes for 2020. Employer Benefit Plan Provisions for 2020 will: Defer employer contribution minimums Defers 2020 minimum required contributions (including quarterly contributions) for single-employer plans to January …

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CARES Act: Unemployment Assistance Program Benefits Overview

By K·Coe Editorial | March 31, 2020
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Reading Time: 3 minutes The focus of this summary is to provide an overview of the unemployment insurance protections offered in the legislation from January 27th, 2020 through December 31st, 2020 as indicated within the CARES Act. Pandemic Unemployment Assistance Program Under the Relief for Workers Affected by Coronavirus Act (Subtitle A of Title …

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Washington DC

Ag Industry Appealing to SBA for Disaster Loan Eligibility and Support

By K·Coe Editorial | March 30, 2020
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Reading Time: 2 minutes Following a close analysis of the CARES Act and related statutes, K·Coe Isom’s Government and Public Affairs representatives, along with its Ag Association partners, are pleading with the Small Business Administration (SBA) to revise the SBA loan eligibility language to be inclusive of agricultural enterprises. Agricultural enterprises include: those small …

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COVID-19 Disaster Plan Relief: Tax Opportunities for Employers and Employees

By K·Coe Editorial | March 27, 2020
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Reading Time: 2 minutes Tax experts are dusting off a little-used tax law (enacted in 2002 following September 11th attacks) that is coming in handy for businesses dealing with COVID-19 today.  Section 139 allows employers to make “qualified disaster relief payments” to employees to assist in managing their expenses during the COVID-19 pandemic.  The …

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DOL Guidance for Employers: Action Needed for April 1

By K·Coe Editorial | March 27, 2020
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Reading Time: 2 minutes While we patiently await more information and clarifications from the Department of Labor (DOL) on the Families First Coronavirus Response Act (FFCRA), there were some important pieces of guidance released by the DOL this week related to the paid leave due to COVID-19 issues. Here is some of the latest …

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Washington DC

Stimulus Package: At First Glance

By K·Coe Editorial | March 25, 2020
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Reading Time: 2 minutes The Stimulus package, released early today, will inject approximately $2 trillion into the economy, providing tax rebates, four months of expanded unemployment benefits, and business tax-relief provisions aimed at shoring up individual, family and business finances. The full Stimulus Bill’s language (with over 1,000 pages of details anticipated) is expected …

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