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CARES Act – Employee Retention Credit and Employer Payroll Tax Deferral

The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act contains a business relief provision known as the Employee Retention Credit (ERC), a payroll tax credit for “qualified wages” paid to retained employees between March 13 and December 31, 2020. The purpose of this provision is to encourage employers to keep employees on the payroll, even if they are not working during the covered period due to the effects of the coronavirus outbreak.

Additional Information on SBA Loan Programs

The US Treasury and the Small Business Administration (SBA) have recently added several key topics in their Frequently Asked Questions, which has been the main guidance document for the Paycheck Protection Program (PPP). 

CARES Act – SBA Loan Information

On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act, which provides relief to taxpayers affected by the novel coronavirus (COVID-19). Please find attached information about the two loan programs recently implemented through Small Business Administration (SBA): Economic Injury Disaster Loans (EIDL) and Paycheck Protection Program (PPP).

The Coronavirus Aid, Relief, and Economic Security (CARES) Act

On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act, which provides relief to taxpayers affected by the novel coronavirus (COVID-19). The CARES Act is the third round of federal government aid related to COVID-19. We have summarized the top provisions in the new legislation below, with more detailed alerts on individual provisions to follow. Click here for a link to the full text of the bill.

Independent Contractor Rules in California (Japanese Text Only)

数年前、カリフォルニア州は業務従事者が独立請負業者に該当するか、それともカリフォルニア州 賃金規定の保護対象となる被雇用者に該当するか、 を決定する判断基準を発表しました。

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