by Alexis Clinebell | Apr 9, 2020 | GCK on Law
Several notable tax credits have been created for employers in response to COVID-19. The tax credits are designed to provide employers with immediate access to cash they would otherwise allocate to pay taxes. In follow-up to the credits for qualifying paid leave...
by Matthew Chodosh | Apr 1, 2020 | GCK on Law
On Friday, March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (“Cares Act”). The Cares Act is the largest and most expensive emergency relief package in history. The Cares Act allocates $2 trillion in an effort to...
by Alexis Clinebell | Mar 31, 2020 | GCK on Law
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act” or “Act”) was signed into law. One of the most impactful provisions of the CARES Act is the creation of the Paycheck Protection Program (the “Program”), a new, 100%...
by Matthew Chodosh | Mar 26, 2020 | GCK on Law
Since the first coronavirus case was announced in Illinois on January 24, 2020, Governor Pritzker and Mayor Lightfoot have taken a number of preventive measures in an effort to suppress the spread of the virus and ease the hardship on Illinois and Chicagoland...
by Alexis Clinebell | Mar 25, 2020 | GCK on Law
Gensburg Calandriello & Kanter, P.C. continues to be committed to providing you with updates on the evolving government legislation and programs enacted in response to COVID-19. Small and local businesses have been some of the hardest hit by COVID-19, bringing...
