Freed Maxick provides accounting, auditing, tax and consulting services and serves public and private companies, not-for-profits and municipalities to enhance profitability, save taxes, improve accountability and preserve wealth.
In the first of a four-part series, this previously recorded webinar discusses the intricacies and implications of Western New York’s phased approach to reopening, as well as the effect of reopening on the relief programs available under the CARES Act.
Freed Maxick Tax Directors Jeff Zawada and Mark Stebbins discuss:
Employer Retention Credit
- An overview of employer retention credit
- What needs to be considered now that businesses are reopening
- Visiting some key operation suspension dates in WNY and how it may impact your credit
- Paycheck Protection Program
An overview of loan forgiveness
- Considerations for eligible payroll costs and wage reduction
- Considerations for full-time equivalency ratios
- Considerations for 75% payroll/25% non-payroll limits
- Additional considerations and planning
Bond attorneys Jay Organek and Peter Wiltenburg focus on:
Practical Concerns for Employers When Reopening
- An overview of the state’s reopening guidance
- Considerations for employers in repopulating the workplace
- Practical compliance issues facing employers, including health screening, contact tracing and addressing employee concerns
Assistance and Guidance from Freed Maxick
The Freed Maxick COVID-19 Resource Center has a wealth of information and guidance on a wide range of topics related to tax relief and benefits, regulatory relief and benefits, and business continuity in the era of COVID-19. Click on the button to explore insights, observations and updates.
If you wish additional guidance, we are available to discuss your issues and concerns. Connect with us here or call Freed Maxick at 716.847.2651.
Please keep in mind that due to the quickly-changing nature of the COVID-19 pandemic, you should always discuss changes with your Freed Maxick advisor or legal counsel.