Here at MCK CPAs and Advisors, we understand the difficulties and uncertainties you are facing during the COVID-19 crisis. We are sharing a collection of resources to help you find answers to the most commonly asked questions regarding current tax, business and employment laws. As always we are here for you, please contact us with any questions you may have and we will do our best to serve you.
Summary of the CARES Act – This is a .PDF put out by Wolters Kluwer that is a nice summary of the tax-related changes that were included in the CARES Act.
Coronavirus Emergency Loans – Small Business Guide and Checklist from the US Chamber of Commerce – This is a good resource to learn more about the Paycheck Protection Program which is part of the CARES Act and was established to help small businesses keep workers employed amid the pandemic and economic downturn.
Summary of the FFCRA Act – This is a .PDF put out by Wolters Kluwer that is a nice summary of the tax-related changes that were included in the FFCRA Act.
DOL’s COVID-19 and the American Workplace page – This page provides information on common issues employers and employees face when responding to COVID-19 and its effects on wages and hours worked including the new paid sick leave and expanded family and medical leave under the Families First Coronavirus Response Act (FFCRA).
State of Illinois Coronavirus Response page – A good site to keep up on the State of Illinois’ response, executive orders issued, and more.
State of Illinois Downstate Small Business Stabilization Program – State of Illinois’ program to offer working capital grants for businesses with 50 employees or less.
State of Illinois Emergency Small Business Grants and Loans Assistance – State of Illinois’ program to offer working capital grants to businesses in the hospitality industry (bars, restaurants, hotels, etc.)