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Duane Morris Coronavirus Aid, Relief, and Economic Security Act Webinar

Friday, April 3, 2020     1:00 p.m. – 2:40 p.m. Eastern The Coronavirus Aid, Relief and Economic Security Act (CARES Act) is the largest stimulus package in American history, providing $2 trillion in essential financial and medical assistance to industries, businesses and individuals affected by this global crisis. Since the early stages, the Duane Morris […]

The post Duane Morris Coronavirus Aid, Relief, and Economic Security Act Webinar appeared first on American Trade Association of Cannabis and Hemp.

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Friday, April 3, 2020     1:00 p.m. – 2:40 p.m. Eastern

The Coronavirus Aid, Relief and Economic Security Act (CARES Act) is the largest stimulus package in American history, providing $2 trillion in essential financial and medical assistance to industries, businesses and individuals affected by this global crisis. Since the early stages, the Duane Morris COVID-19 Strategy Team has been closely monitoring developments and advising clients on the complex legal issues and far-reaching implications of the pandemic. This webinar will review the key provisions of the CARES Act outlined below.

1. Small Businesses and Paycheck Protection Program
Presented by: Nanette Heide & Sandra Stoneman
Small business benefits and protection were at the heart of the CARES Act, specifically with the new Paycheck Protection Program and the Keeping American Workers Paid and Employed Act. 

2. Taxes for Private Equity Firms and Portfolio Companies
Presented by: David Sussma
Coupled with IRS Notice 2020-18, the CARES Act further changes this year’s tax landscape. Net business interest deductions, noncorporate tax payments and employee wages are a few of the issues that the Act will alter.

3. Key Individual Provisions
Presented by: Michael Gillen/Steven Packer
We will cover the important individual provisions of the CARES Act and recent IRS Notices that will have a meaningful impact on high-net worth taxpayers and their families, executives, investors, among others.

4. Employee Benefits and Executive Compensation
Presented by: Timothy Collins
The CARES Act contains a number of provisions that will impact an employer’s qualified retirement plans and executive compensation arrangements. Employers are encouraged to identify the provisions of the Act that will help their employees and implement them.

5. Labor and Employment Relief and Restrictions Aspects
Presented by: Meagan Garland
The CARES Act is unprecedented in many ways, including the protections it affords various nonemployee segments of the workforce, such as gig-economy workers, sole proprietors, independent contractors and the self-employed, who never have had many of the protections afforded employees. Equally significant is the relief immediately available to employers to incentivize employee retention, but employers must act quickly and decisively and with an understanding of the restrictions that attach to the potential relief, including relative to laying off or furloughing employees.

Source: https://atach.org/duane-morris-coronavirus-aid-relief-and-economic-security-act-webinar/

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