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.