FAQs Regarding COVID-19 and Human Capital, Tax Impact
20 Mar 2020
In these unprecedented times, employers have to absorb information quickly and make decisions impacting their business, human resources, and communities. The business landscape is evolving rapidly as federal, state, and local authorities announce community action plans. Legislation will dictate many of the decisions employers make with little lead time.
These frequently asked questions were designed to provide general guidance related to your human resources function and the related tax implications of this Act. Every employer’s situation is different, and the particular facts and circumstances of your situation should be evaluated.
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Thanks to a concerted effort by the state of Minnesota and the SBA to contain the economic impact of Coronavirus, the state's small businesses are now eligible for the SBA Economic Injury Disaster Loan Program and can apply for a loan on our website at SBA.gov/disaster.
Click here to learn...
Companies across the country have ramped up production of medical supplies in response to the COVID-19 outbreak, including Minnesota-based 3M, which has doubled its production of N95 respirator masks and Medtronic, which has increased its ventilator production.
Medical professionals around the country have warned of a nationwide shortage of...
Park Financial Group, Inc., the holding company of three Minnesota-based community banks, has created an emergency loan fund of approximately $30 million to help local businesses impacted by the new coronavirus.
The loans would be generated by Park State Bank to help businesses weather the economic impacts of COVID-19...
Tom Lambrecht