On March 30, Shareholder Tom Nichols gave a presentation on the Paycheck Protection Program as part of a webinar put on by the S Corporation Association, to discuss essential parts of Phase II and Phase III bills passed by Congress in response to the disruptions caused by the COVID-19 pandemic, including:

  • The new mandated sick pay and other leave provisions under the Family First Coronavirus Response Act (“FFCRA”);
  • The delayed income tax deadline and payroll tax holiday;
  • Economic Injury Disaster Loans (“EIDL”); and
  • Paycheck Protection Program under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”)

Brian Reardon, President of the S Corporation Association itself, also participated.

Tom Nichols’ PowerPoint presentation can be reviewed here, and the S-Corp PowerPoint presentation can be found here. You can listen to the full call here.