The Ledger @ Hancock Askew

Your news source for the accounting and business world.

Our team has curated the articles and publications below to help you stay up to date with the latest information in tax, audit, accounting, advisory and general business.


General

Federal Law Changes

State Law Changes

  • Chart showing states’ responses to the extension of payments.
  • States issuing new or updated guidance will now be highlighted in yellow.  As of 3/24/20, this Excel document is being updated daily by our alliance partners, BDO.

Other News

Business Topics

On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act; aka the “CARES Act.” Below is a summary that addresses the stimulus funding for business owners.

SUMMARY – Keeping American Workers Paid and Employed Act under the CARES Act

Facebook to grant $100M for COVID Disruption

Coronavirus Business Disruption Resources

  • Includes topics like cash spend measures, tax measures, and emergency financing measures.

COVID-19 Important Considerations Checklist For You and Your Business

Families First Coronavirus Response Act – Overview

SBA to Provide Disaster Assistance Loans for Small Businesses Impacted by Coronavirus (COVID-19)

Small Business Owner – Resources page from While At Home

CARES Act Business Owner’s Guide; helpful FAQs from U.S. Senate Committee

Georgia

  • The Georgia Department of Labor (GDOL) has adopted an emergency Rule 300-2-4-0.5 Partial Claims, effective March 16, 2020. The rule mandates all Georgia employers to file partial claims online on behalf of their employees for any week during which an employee (full-time/part-time) works less than full-time due to a partial or total company shutdown caused by the COVID-19 public health emergency. Any employer found to be in violation of this rule will be required to reimburse GDOL for the full amount of unemployment insurance benefits paid to the employee. Download the How Employers File Partial Claims Desk-Aid found on the GDOL Alert Page and follow the step-by-step instructions.
  • Filing partial claims results in your employees receiving unemployment insurance (UI) benefit payments faster, usually within 48 hours for claims filed electronically. Employees for whom you file a partial claim are NOT required to report to a Georgia Department of Labor career center, register for employment services, or look for other work. Please continue to monitor their website at gdol.ga.gov for any updates to these guidelines.

Florida

  • Florida businesses seeking a bridge loan pursuant to the program must submit an application and all required supporting documentation at https://www.floridadisasterloan.org/. Direct inquiries regarding the program can also be made with the Florida Small Business Development Center Headquarters via email at Disaster@FloridaSBDC.org or toll free at (866) 737‐7232.

Disclaimer: The information contained within this website is provided for informational purposes only and is not intended to substitute for obtaining accounting, tax, or financial advice from a professional accountant. Please contact your HAC advisor for assistance and to discuss your specific situation.

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