View the webinars conducted by the 4A’s regarding the CARES Act.
CARES Act Economic Stimulus Plan
March 31, 2020
Watch the Webinar The CARES Act, Part II: You’ve Got Your PPP Funds—Now What?
April 30, 2020
Watch the WebinarThe domestic emergence of COVID-19 in March has whiplashed not just the American public and the American economy, but also Congress and the Administration. Since the first COVID-19 relief bill was passed in early March, Congress has now passed four relief bills with a price tag approaching just slightly over three trillion dollars. The social, economic and political reverberations of COVID-19 will be felt for years to come, but in the short-term, the most immediate business impact for many agencies has been applying for and using The CARES Act Paycheck Protection Program (PPP) small business loans.
View the webinars conducted by the 4A’s regarding the CARES Act.
March 31, 2020
Watch the WebinarApril 30, 2020
Watch the WebinarRead the full text of the bill
What’s in the CARES Act? Here’s a Summary, courtesy of Peter G. Peterson Foundation
Regulatory Guidance From The U.S. Department of the Treasury and the Small Business Administration:
SBA and Treasury: New EZ and Revised Forgiveness Applications for the Paycheck Protection Program The Small Business Administration (SBA), in consultation with the Department of the Treasury, posted a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application implementing the Paycheck Protection Program Flexibility Act of 2020 (PPP Flexibility Act) enacted on June 5, 2020. […]
QUESTION #1 The CARES Act excludes from the definition of payroll costs any employee compensation in excess of an annual salary of $100,000. Does the exclusion apply to all employee benefits of monetary value? ANSWER No. The exclusion of compensation in excess of $100,000 annually applies only to cash compensation, not to non-cash benefits, including: […]
April 30, 2020 With Congress promising a new allocation of billions of new dollars to the Small Business Administration (SBA)’s Paycheck Protection Program (PPP), many agencies are poised to start receiving these lifeline funds. For agencies that received their funding in the first round, the PPP loans have provided some much-needed breathing space. It’s also […]
Today, the Small Business Administration (SBA) issued its interim final rule implementing sections 1102-1106 of the CARES Act, specifically the sections covering small business loans and loan forgiveness. The interim final rule addresses many questions agencies have about the program, including: How do I calculate the maximum amount I can borrow? What qualifies as payroll […]
In this interview with Beet.TV—conducted, naturally, via Zoom—Marla Kaplowitz, President & CEO of the 4A’s, says the creative agencies are pivoting quickly during the crisis, scrapping advertising that is out of step with social distancing and other realities of the pandemic. This shift is fostering a period of creativity, Kaplowitz says, where taped productions are […]