Coronavirus Resources

Helping You Manage Your Business in the Face of the COVID-19 Pandemic

Stabilize Your Business

Webinar: Reaction and Recovery Plan For International Companies During and After COVID-19

Join Grassi’s Italian Practice and legal professionals from Smith, Gambrell & Russell, LLP for a live webinar on April 7 to discuss loan options and tax relief available for international companies during the COVID-19 pandemic.

NJ Relief for Businesses and Individuals During the COVID-19 Crisis

As the national conversation about COVID-19 relief continues to take center stage, New Jersey businesses, nonprofits, employees and residents should not overlook the relief and changes happening right here in the Garden State.

Treasury Clarifies PPP Loan Size and Eligibility Criteria

The Treasury released a new FAQ last night that clarifies certain areas of the Paycheck Protection Program (PPP) under Section 1102 of the Coronavirus Aid, Relief and Economic Security (CARES) Act

Additional $250B May Be Headed to the Paycheck Protection Program

Just days after small businesses began applying for Paycheck Protection Program loans, the Treasury and lawmakers are pushing for an additional $250 billion to be added to the $349 billion allocated to the program under the Coronavirus Aid, Relief and Economic Security (CARES) Act.

FAQ: Understanding Business Loan Options under the Coronavirus Stimulus Package

Grassi's Emergency Loan Consultants are advising small business and nonprofits on their eligibility, options and strategies when applying for COVID-19 business loans available under the Coronavirus Aid, Relief and Economic Security (CARES) Act. Here are some of the most commonly asked questions our advisors are hearing and answering.

SBA Issues Additional Guidance on Paycheck Protection Program

The U.S. Small Business Administration released additional guidance on the Paycheck Protection Program (PPP) last night, making significant modifications to the loan calculation and terms for businesses seeking relief from COVID-19 losses.

Small Business Loan Applications Now Available for Paycheck Protection Program

The U.S. Treasury Department released the Paycheck Protection Program application that allows eligible small businesses and nonprofits to apply for loans of up to $10 million each to recover from the impact of the COVID-19 pandemic.

Essential Webinar: The Road to Relief

Understanding your loan options and tax savings under the new CARES Act

Join Grassi's Crisis Response & Recovery team on Tuesday, March 31 at 10:30a.m. EDT for a live webinar as we discuss the loan options, tax savings and other relief available to help your business recover from the impact of the COVID-19 pandemic.  

Relief for Employee Benefits Plan Participants in COVID-19 Stimulus Act

Among the many relief provisions included in the Coronavirus Aid, Relief and Economic Security (CARES) Act are benefits that impact employee benefit plan participants specifically. Plan administrators should be aware of the relief available to their participants to fulfill their fiduciary duties during these challenging times.

Employer Obligations under the New COVID-19 Paid Sick Leave and FMLA Benefits

On April 1, 2020, employers with less than 500 employees will be subject to the provisions of the Families First Coronavirus Response Act, which includes the Emergency Paid Sick Leave Act and the Emergency Family and Medical Leave Expansion Act (FMLA).

Business Loan Forgiveness Included in CARES Act

The Coronavirus Aid, Relief and Economic Security (CARES) Act includes a $350 billion loan program for small businesses and nonprofits. What makes this relief even more significant is the possibility of tax-free loan forgiveness. Our Crisis Response & Recovery team outlines how you can qualify.

President Trump Signs Historic Coronavirus Economic Relief Bill

President Trump has signed the Coronavirus Aid, Relief and Economic Security (CARES) Act today after it was passed by the House earlier today. The Act includes a historic $2 trillion of aid for Americans and businesses in the wake of the COVID-19 outbreak.

Coronavirus Stimulus Bill Moves One Step Closer to Enactment

Overnight, the Senate unanimously passed an expanded version of the Coronavirus Aid, Relief and Economic Security (CARES) Act that includes a historic $2 trillion of aid for Americans and businesses in the wake of the COVID-19 outbreak. The bill now moves on to the House, which is reported to be planning a vote for Friday morning. If approved, the legislation would then proceed to the President to be signed.

DOL Notice Required for Employers of 500 or Less

The Department of Labor (DOL) has published model notice WH1422 that is required to be posted by all employers with 500 employees or less. The notice outlines the expanded paid sick leave and Family Medical Leave Act (FMLA) benefits available under the Families First Coronavirus Response Act.

Coronavirus Aid, Relief and Economic Security (CARES) Act Proposes Significant Relief for Businesses and Individuals

The Senate is negotiating the Coronavirus Aid, Relief and Economic Security (CARES) Act, the third round of federal government COVID-19 aid. The proposed bill includes relief to help businesses, individuals and the economy recover from losses caused by the Coronavirus disaster.

Small Businesses Eligible for SBA Loans due to COVID-19

New York, New Jersey and Connecticut are among the states that have been approved for “disaster status” by the SBA, opening the door for small businesses across the states to apply for Economic Industry Disaster Loans (EIDL) up to $2 million each. This status was determined by the level of inevitable economic injury these businesses will suffer as a result of the COVID-19 outbreak.

NYC Nonprofits Eligible for Coronavirus Aid

The NYC COVID-19 Response & Impact Fund is now accepting applications from New York City-based nonprofits struggling with the health and economic effects of the Coronavirus (COVID-19) pandemic.

Transitioning to a Work-from-Home Workforce

With New York and other states mandating work-from-home arrangements in an effort to stop the spread of the Coronavirus, Grassi's HR Consulting practice provides tips for managing this transition effectively.

New York State Announces 100% Remote Workforce Mandate

Governor Andrew Cuomo announces that nonessential businesses must keep 100% of their workforce at home starting on Sunday, March 22.

Employer Tax Credits Available in Coronavirus Response Bill

The Families First Coronavirus Response Act includes temporary modifications to  to all employers with 500 or fewer employees. However, it does include some relief for both small and mid-size business to offset the financial burden.

Families First Coronavirus Response Act Signed by President Trump

President Trump signed the Families First Coronavirus Response Act shortly after it passed through the Senate on March 18, 2020.  The legislation, which goes into effect 15 days after enactment, contains significant temporary provisions that impact employers with 500 employees or less

NJ Small Businesses Eligible for Federal Aid to Cover COVID-19 Losses

Disaster Loans Available for NJ Small Businesses

New Jersey's small businesses are now eligible for SBA loans up to $2 million each to cover losses caused by the Coronavirus outbreak.

Additional Changes to the Families First Coronavirus Response Act

Additional changes have been made to the proposed Families First Coronavirus Response Act as it makes its way to the Senate and possibly to the President’s desk this week. The new legislation proposes changes to the original bill that affects employers with 500 or fewer employees.

New Yorkers Receive Job Protection and Debt Assistance Amid COVID-19 Outbreak

This week, Governor Andrew M. Cuomo announced a three-way agreement with the Legislature on a bill protecting New Yorkers’ jobs and pay during the coronavirus (COVID-19) pandemic. He also announced that the state will temporarily halt the collection of certain medical and student debt owed to the State and referred to the Office of the Attorney General.

Coronavirus Disruption: Will Losses be Covered by Insurance Policies?

As businesses continue to experience large financial losses due to the COVID-19 pandemic, it is important for business owners to determine whether  insurance policies provide coverage for those losses. Insurance policies can provide coverage to protect for these types of losses, but the clauses and terms can be complicated to navigate.

Coronavirus Highlights Need for Businesses to Plan for Health Risks

Many business response plans and insurance policies do not cover business interruption caused by an epidemic. It may not seem a likely scenario in this age of advanced healthcare, but as the Coronavirus proves, risk assessments and business continuity plans should include regional health risks throughout the world.