COVID-19 Resources
DateTitle
April 8, 2021
Summary of the American Rescue Plan Act of 2021Summers Compton Wells LLC has prepared a summary regarding the latest installment of COVID-19 relief and stimulus legislation, the American Rescue Plan Act of 2021. This summary provides information on new and expanded grant programs and tax benefits for businesses and employers, including: The State Small Business Credit Initiative Economic Injury Disaster Loans The Restaurant …
January 22, 2021
Summary of Second Draw PPP Loan ProgramSummers Compton Wells has prepared a summary of the new Second Draw PPP Loan Program that may be helpful for borrowers who received a first round PPP loan and still had a 25% reduction in gross receipts due to COVID-19. These loans are available beginning the week of January 11, 2021. The application deadline is …
January 22, 2021
Summary of First Draw PPP Loan ProgramSummers Compton Wells has prepared a summary of the recently re-opened First Draw PPP Loan Program that may be helpful for eligible borrowers who did not previously receive PPP loans. These loans are available beginning the week of January 11, 2021. The application deadline is March 31, 2021. For more information, see the summary linked …
December 22, 2020
EEOC Issues New Guidelines For COVID-19 Vaccines in the WorkplaceThe Equal Employment Opportunity Commission (EEOC) has just issued its initial guidance on COVID vaccinations in the workplace, including whether an employer can mandate vaccine usage. The EEOC clarified that requiring a vaccine is not a “medical examination” as that term is used under the American with Disabilities Act (ADA), even if it is administered …
EEOC Issues New Guidelines For COVID-19 Vaccines in the Workplace
April 10, 2020
IRS Offers Relief For 1031 ExchangesTreasury Notice 2020-23, released April 9, 2020 provides some relief to taxpayers engaged in like-kind exchanges. The full notice is available here: https://www.irs.gov/pub/irs-drop/n-20-23.pdf The Notice provides an extension to July 15, 2020 for taxpayers whose 45th day identification period or 180th day exchange period fall between April 1, 2020 and July 14, 2020. Likewise, taxpayers …