Nicole Vullo

March 25, 2020
The Foresight Companies Blog Covid 19 Business Resource Center

The Department of Labor issues the Families First Coronavirus Act Poster

The Department of Labor issued the Families First Coronavirus Act poster this morning. In general, this applies to all employees of private sector employers with fewer than 500 employees.  All covered employers must post this notice in a conspicuous place along with its other employment law posters.  If you do electronic posting of other employment posters, you may also post this poster electronically.  Covered employers must also provide the Notice to new hires. The DOL stated that the leave requirements are effective April 1, 2020. You can download and print the poster here.
March 25, 2020
The Foresight Companies Blog Covid 19 Business Resource Center

Revised Guidance Issued for Small Business Loans Due to COVID-19

The Small Business Administration issued revised guidance for small businesses seeking economic relief as a result of COVID-19 pandemic on March 12, 2020. Organizations who are suffering substantial economic harm from the pandemic can seek economic injury disaster relief loans (EIDLs) from the SBA for working capital. For more information and to learn more about the availability, terms, criteria, and submission process, please click here.
March 25, 2020
The Foresight Companies Blog Covid 19 Business Resource Center

COVID-19 Can Lead to Cybersecurity Risks—Protect Your Organization

In response to the COVID-19 pandemic, also known as coronavirus, many work forces are operating remotely to keep their employees safe. However, an increase in people utilizing a work-from-home environment has led to a rise in cybersecurity risks. A complete overview of the risks your organization could face, a list of action items, and next steps to take is available here.
March 25, 2020
The Foresight Companies Blog Covid 19 Business Resource Center

COVID-19 Disrupts Financial Reporting

Global efforts to contain the spread of COVID-19, have significantly impacted many businesses and the global economy. While the situation is evolving rapidly, and the full impact is not yet known, the disruption caused by the coronavirus is affecting business and consumer activities worldwide–including disruption to major financial markets, supply chains, interruption of production, limited personnel, facility and store closures, and decreased demand from both business customers and consumers. The disruption and uncertainty caused by the coronavirus is far-reaching. These events will result in unique accounting, disclosure, and internal control considerations that should be carefully evaluated by entities and their stakeholders. A complete overview of these business disruptions. To view this information, please click here:
March 25, 2020
The Foresight Companies Blog Covid 19 Business Resource Center

COVID-19 Relief Act Signed by the President

President Trump has signed into law the Families First Coronavirus Response Act (H.R. 6201) despite objections from some lawmakers that the act doesn’t offer enough assistance and could hurt some small businesses by mandating paid sick and family leave. The act includes a wide range of provisions, including: Insurance coverage Reimbursement of diagnostic testing costs Expanded safeguards for economically disadvantaged individuals For more information on this topic, please click here.
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