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CARES Assistance Series Webinar 1

CARES Assistance Series Webinar 2

CARES Assistance Series Webinar 3

CARES Assistance Series Webinar 4

CARES Assistance Series Webinar 5 **UPDATED**

Loan Forgiveness Webinar. Due to technical difficulties, this webinar was not recorded, but you can read notes from the webinar. Download the PDF >>

CARES Assistance Series Webinar 6

CARES Assistance Series Webinar 7

CARES Assistance Series Webinar 8


Webinar 8 Notes (pdf) >>

CARES Assistance Series Webinar 9


Webinar 9 Notes (pdf) >>

CARES Assistance Series Webinar 10


Webinar 10 Notes (pdf) >>

CARES Assistance Series Webinar 11


Webinar 11 Notes (pdf) >>

CARES Assistance Series Webinar 12


Webinar 12 Notes (pdf) >>

CARES Assistance Series Webinar 13


Webinar 13 Notes (pdf) >>

CARES Assistance Series Webinar 14


Webinar 14 Notes (pdf) >>

Friday, April 3, 2020

Great webinar yesterday! Thanks to our speakers, Chris Cooley and Karol Kurzatkowski, Esq, and the 320+ clinic owners in attendance.

Although we explored and ran down most of the issues and strategies during the call, this is a quickly changing landscape. Last night, for example, the Small Business Administration (SBA) released 31 pages of technical 'clarifications' because a lot of the original language was pretty broad and open to interpretation.

I will be releasing relevant portions throughout the weekend. Here is something that jumped out at me this morning — the clarification of what 'payroll' means:

f. What qualifies as "payroll costs?" Payroll costs consist of compensation to employees (whose principal place of residence is the United States) in the form of salary, wages, commissions, or similar compensation; cash tips or the equivalent (based on employer records of past tips or, in the absence of such records, a reasonable, good-faith employer estimate of such tips); payment for vacation, parental, family, medical, or sick leave; allowance for separation or dismissal; payment for the provision of employee benefits consisting of group health care coverage, including insurance premiums, and retirement; payment of state and local taxes assessed on compensation of employees; and for an independent contractor or sole proprietor, wage, commissions, income, or net earnings from self-employment or similar compensation.

g. Is there anything that is expressly excluded from the definition of payroll costs? Yes. The Act expressly excludes the following: 11 i. Any compensation of an employee whose principal place of residence is outside of the United States; ii. The compensation of an individual employee in excess of an annual salary of $100,000, prorated as necessary; iii. Federal employment taxes imposed or withheld between February 15, 2020 and June 30, 2020, including the employee's and employer's share of FICA (Federal Insurance Contributions Act) and Railroad Retirement Act taxes, and income taxes required to be withheld from employees; and iv. Qualified sick and family leave wages for which a credit is allowed under sections 7001 and 7003 of the Families First Coronavirus Response Act (Public Law 116–127).