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COVID-19 Employer Advisory Session: CARES ACT Top Ten: Your FAQs Answered

As the workforce responds to the evolving coronavirus pandemic, organizations must understand and plan for the impact by adopting policies and programs to mitigate repercussions while proactively managing their workforce and the care and safety of employees.

View the Employer Advisory Session to hear from OneDigital's business leaders as they discuss actionable information needed to capitalize on the $2 trillion of relief and economic stimulus that was signed into law Friday, March 27, 2020, and the top questions regarding the CARES Act.

Click the button below to view the session and download the session slides to reference.


UPDATE AS OF 4/3: As expected, the launch of SBA applications for the Paycheck Protection Program (PPP) has created a frenzy of activity from business leaders and overwhelmed many lenders who were unprepared for the onslaught of applications. If the amount of early activity is any indication, the $349 billion allocated for this program will be gone in short order.

In addition, in the interim final regulations published last night there were a few important changes/clarifications to the initial guidance:

  • 1099 employees are not to be included in the employer's payroll calculation. However, they are free to apply on their own as a sole proprietor beginning April 10, 2020.
  • The final interest rate for unforgiven portions of the loan will be 1% and the term of the loan has been shortened to 2 years.

Please see our complete review of the interim final regulations here.

Looking to further understand and mitigate the coronavirus pandemic on your business operations and workforce? View more COVID-19 Employer Advisory Sessions to hear from OneDigital advisors addressing and translating the evolving coronavirus pandemic for employers. Take action now to alleviate the long-term impact and proactively develop business planning strategies.
View Additional Sessions: COVID-19 Employer Advisory Session library.

Please keep in mind that the views expressed by webinar speakers are those of the speakers. With regard to any information presented by a speaker, OneDigital disclaims explicitly any legal liability or responsibility for the accuracy, completeness, or usefulness of any information and makes no representation that its use would not infringe upon privately owned rights. The information in this webinar has been incorporated in good faith and it is only for general purpose. Please contact your OneDigital Consultant for information regarding specific situations or challenges.