CARES Act information and resources

CARES Act information and resources

CARES Act – Infographic

This infographic provides an overview of changes to employer-sponsored benefits due to the Coronavirus Aid, Relief and Economic Security Act (CARES Act).

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In the Know: CARES Act – Small Business Loan Overview

Among other provisions, the Coronavirus Aid, Relief and Economic Security (CARES) Act provides businesses suffering under the debilitating effects of the coronavirus pandemic with unprecedented access to emergency loans. This document will serve as an overview of the loan programs available.

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CARES Act Makes Changes for Health Plans

On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) into law to provide $2.2 trillion in federal funding to address the coronavirus crisis. The new law also includes several provisions affecting health plan coverage. This Compliance Bulletin summarizes the CARES Act’s changes for health plans.

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CARES Act Expands Qualifying Medical Expenses

This Know Your Benefits article explains how the Coronavirus Aid, Relief and Economic Security Act (CARES Act) repeals the Medicine Cabinet Tax provision of the Affordable Care Act, expanding the list of qualifying expenses that can be purchased with health savings accounts (HSAs), health reimbursement arrangements (HRAs) and flexible spending accounts (FSAs).

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 IRS FAQs: Employee Retention Credits under the CARES Act

Under the Coronavirus Aid, Relief and Economic Security Act (CARES Act), eligible employers that keep employees on their payroll will receive an employee retention tax credit. This HR Compliance Bulletin includes FAQs issued by the IRS on the Employee Retention Credit.

Download “FAQs Employee Retention Tax Credits for Businesses Impacted by Coronavirus 040120”

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Employee Retention Tax Credits for Businesses Impacted by Coronavirus

The CARES Act creates an employee retention tax credit, which is designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19. This Compliance Bulletin provides an overview of the tax credit.

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