CARES Act Small & Medium Sized Business Resource Center, alliantgroup

 

Here at alliantgroup our mission has always been to help strengthen U.S. businesses however we can. During this crisis, we want to be a resource for you and your company to provide clarity on the rapidly changing economic landscape, policies coming from Capitol Hill as well as guidance from the Internal Revenue Service.

We’ve created this resource to provide you with the latest information and guidance to help your business and offer you a channel to ask our experts about what is concerning you most. We are working harder than ever to provide small-medium sized businesses with the unique resources they need to succeed. Let us know how we can help you today.

Latest Update

New Guidance on the Loan Forgiveness Program
The SBA has recently shared new guidance on one of the most compelling aspects of the PPP Loan Program: loan forgiveness. The new guidance provides clarity on eligible payroll costs, reporting requirements and other key aspects of loan forgiveness calculations. However, the newly released loan forgiveness application is leaving many businesses with more questions than answers. Join our team of alliantgroup Washington insiders, including former IRS commissioners, as they dig into these updates and provide guidance on how to proceed in this special presentation that is an absolute must-attend if your business or client’s business received a PPP loan. About the Presenters: Dean Zerbe is alliantgroup’s National Managing Director based in the firm’s Washington, D.C ... Read More
Featured Updates
Why Failure Is An Option For The Software And Tech Industry
by Rick White, Former U.S Congressman & CEO of Technet January 18, 2021 Published in innotechtoday.comWhen the Apollo 13 spacecraft had problems on its way ... Read More
Laws Governing Online Speech Need Reform, Not Repeal
by Rick White, Former U.S Congressman & CEO of Technet December 22, 2020 Published in wsj.com.If you had told me 24 years ago that the ... Read More
How Robots Create Manufacturing Jobs and Tax Credits
by Anthony Nighswander, President and Founder of APT Manufacturing Solutions December 22, 2020 Published in thefabricator.comI recently came across an outstanding article called “Welding robot saves ... Read More
2021 Planning for the Cattle Industry
by Mike Johanns, Former U.S. Secretary of Agriculture, former Nebraska Governor & former U.S. Senator; alliantgroup Chairman of AgricultureAs we put 2020 in the rear-view ... Read More
What American Manufacturing Really Needs
 Opinion
by Rick Lazio, Former U.S. Congressman; alliantgroup Senior Vice President & Myron Moser, Chairman of the Board of Hartfiel Automation December 16, 2020 Published in ... Read More
Helping Manufacturers Maintain the Momentum of Innovation
by Neil Shah, Managing Director November 18, 2020 Published in thefabricator.comIf one thing is certain when it comes to the coronavirus pandemic, it’s that uncertainties ... Read More
In The News
Could COVID-19 Have Lasting Impacts on Our Food Supply Chain?, alliantgroupMike Johanns for alliantgroup May 28, 2020 Quoted in Modern Farmer

Coronavirus Exposes IRS Weak Spots Ripe for Reform, alliantgroupMark Everson for alliantgroup
May 12, 2020
Quoted in Bloomberg Tax

Coronavirus Payments To Poor Are Vulnerable To Fraud, alliantgroupMark Everson for alliantgroup
April 27, 2020
Quoted in NPR

IRS Faces Hurdles In Getting Workers Protective Equipment, alliantgroupMark Everson for alliantgroup
April 24, 2020
Quoted in Law 360

Full Fields, Empty Fridges, alliantgroupHeidi Heitkamp for alliantgroup
April 23, 2020
Quoted in Washington Post and Toronto Star

Food Rationing Is New Reality for Buyers Once Spoiled for Choice, alliantgroupHeidi Heitkamp for alliantgroup
April 22, 2020
Quoted in Bloomberg

Virus Payments Hit Glitches as IRS Sends Billions to Americans, alliantgroupMark Everson for alliantgroup
April 17, 2020
Quoted in Bloomberg

Millions wait for virus relief checks in major test for IRS, alliantgroupMark Everson for alliantgroup
April 17, 2020
Quoted in The Hill

Coronavirus Payments Hit Glitches, alliantgroupMark Everson for alliantgroup
April 16, 2020
Quoted in Accounting Today

Companies Mining the Tax Code, Old IRS Guidance to Stay Afloat, alliantgroupMark Everson for alliantgroup
April 15, 2020
Quoted in Bloomberg Tax

Coronavirus stimulus checks, alliantgroupMark Everson for alliantgroup
April 15, 2020
Quoted in Yahoo Finance

IRS Budget Cuts, Staffing Challenges Create Coronavirus Payment Headaches, alliantgroupMark Everson for alliantgroup
April 9, 2020
Quoted in NPR

For Miami’s unbanked, stimulus checks come with hurdles, alliantgroupSteve Miller for alliantgroup
April 7, 2020
Quoted in Miami Herald

Your stimulus check is coming – Here are the do’s and don’ts, alliantgroupMark Everson for alliantgroup
April 7, 2020
Quoted in Fox Business

Officials Sound Alarm Over Virus Relief Check Scams, alliantgroupMark Everson for alliantgroup
April 7, 2020
Quoted in The Hill

Stimulus Checks May Create Feeding Frenzy for Scammers, alliantgroupMark Everson for alliantgroup
April 3, 2020
Quoted in Bloomberg Tax

Exams and Payments Suspended in IRS Coronavirus Response, alliantgroup Dean Zerbe for alliantgroup
March 30, 2020
Quoted in Tax Notes

Business of Tax: Planners Should Take Care Giving CARES Act Advice, alliantgroup Rick Lazio and Dean Zerbe for alliantgroup
March 30, 2020
Quoted in Tax Notes

Trump’s April 6 Deadline for Virus Stimulus Checks Could Be Hard to Meet, alliantgroup Mark Everson for alliantgroup
March 25, 2020
Quoted in Bloomberg

Leading in a Time of Crisis, alliantgroup Frank Tirelli for alliantgroup
March 24, 2020
Published LinkedIn

Labor and Trucking Woes Stand in Way of Ample Global Food Supply, alliantgroup Mike Johanns for alliantgroup
March 22, 2020
Quoted in Bloomberg

Stimulus price tag of $1.2T falls way short, some experts say, alliantgroup Joe Crowley for alliantgroup
March 20, 2020
Quoted in The Hill

Virus Payments May Take Months, Not Weeks, to Hit Bank Accounts, alliantgroup Mark Everson for alliantgroup
March 20, 2020
Quoted in Bloomberg

Forbes Dean Zerbe for alliantgroup
March 18, 2020
Published in Forbes

Resources

U.S. Treasury Department Releases PPP Loan Program FAQs

Senate Finance The Small Business Administration (SBA), in consultation with the Department of the Treasury,
intends to provide timely additional guidance to address borrower and lender questions
concerning the implementation of the Paycheck Protection Program (PPP), established by section
1102 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act or the Act). This
document will be updated on a regular basis….

How the Agriculture Industry Can Benefit from the CARES Act

JohannsAs with many other national emergencies, the American farmer has continued to work day in and day out to provide the world with the food we need to thrive. Congress recently passed several phases of relief so that businesses, including agriculture companies can receive some much needed support during these trying times.

Learn more here: CARES Act for Agriculture

How the Agriculture Industry Can Benefit from the CARES Act

How the Agriculture Industry Can Benefit from the CARES Act

By Mike Johanns

There’s no denying that our country is facing troubling times.

And as with many other national emergencies, the American farmer has continued to work day in and day out to provide the world with the food we need to thrive.

That responsibility is a heavy burden for farms across the U.S., which like any other business in the country is hurting.

Congress recently passed several phases of relief so that individuals and businesses alike can receive some much needed support during these trying times.

The CARES Act, for instance, was the premier piece of legislation that Congress passed in terms of coronavirus aid. The historic bill offered $2.2 trillion in assistance, including $349 billion in loan commitments as part of the Paycheck Protection Loan Program (PPP).

That $349 billion was exhausted within the first two weeks of the program, however Congress just allocated an additional $320 billion for the program that is now available for companies across the country.

To be clear, this includes agricultural producers, farmers and ranchers, who should strongly consider applying for the program as a way to see their way through this pandemic.

These loans (which will have an interest rate of no more than 4 percent) are for companies that have 500 employers or less, and are limited to either $10 million or 2.5 times the average monthly payroll, whichever is less.

What those in the agriculture industry also need to know is that cooperatives are also eligible to receive PPP loans as long as other PPP eligibility requirements are met.

These loans can be used to cover payroll along with other business expenses, and can be a tool for those in the agriculture industry to use to push back against this unrelenting pandemic.

The American farmer has always been integral to the success of our country and its economy. During these unprecedented times it’s crucial that all options are considered in order to see things through to the other side.

For more information on the PPP visit the Small Business Administration’s website here.

The CARES Act: What it Means for U.S. Businesses Amidst the Coronavirus Pandemic

Treasury Congress recently passed the CARES Act, which was immediately signed into law on March 27.
The economic stimulus bill consists of a historic $2 trillion meant to help taxpayers, including individuals and businesses alike, weather the storm wrought by COVID-19.

Learn more here: CARES Act for Businesses

CARES Act: New Tax Deadlines

Treasury As part of the federal government’s efforts to resolve the liquidity crisis small and medium sized businesses are facing, federal tax filing and payment deadlines have been extended.

Learn more here: New Tax Deadlines

U.S. Senate Committee on Finance- CARES Act: Unemployment Insurance FAQ

Senate Finance Who is eligible for unemployment insurance? The Unemployment Compensation program (UC, usually referred to as Unemployment Insurance, or UI) makes insurance payments to workers who become involuntarily unemployed for economic reasons and meet state-established eligibility rules. The program generally does not provide insurance payments to the self-employed, those who are unable to work, or those who do not have a recent earnings history… finance.senate.gov

U.S. Treasury- Press Release- Emergency Small Business Capital Cleared, Treasury and SBA Begin Unprecedented Effort to Distribute Funds

IRS Following President Trump’s signing of the historic Coronavirus Aid, Relief, and Economic Security (CARES) Act, SBA Administrator Jovita Carranza and Treasury Secretary Steven T. Mnuchin today announced that the SBA and Treasury Department have initiated a robust mobilization effort of banks and other lending institutions to provide small businesses with the capital they need. home.treasury.gov

CARES Act: Employee Retention Credit FAQ

IRS Senator Chuck Grassley has posted an FAQ to answer some commonly asked questions about the CARES Act’s Employee Retention Credit on his blog on Medium