The CARES Act provides financial relief to businesses (with 500 employees or less), 501(c)(3) organizations, self-employed individuals, and independent contractors. The most prominent relief comes through a $350B program whereby the federal government will pay for 8 weeks of essential expenses such as payroll and rent to carry businesses through this difficult period.
Darin R. Leong, Esq.; Stacey Katakura, CPA, President & Founder of Accumulus; and Evan Leong, CEO of Brain Gain Hawaii, hosted a webinar for employers outlining the options available for organizations to obtain financial relief, manage payroll, evaluate layoffs, and manage paid sick leave.
- Resources: Please feel free to use their resources on their public Google Drive, including the most recent update to their memo for employers, a Q&A based on questions they have been receiving, and sample forms. You can access the information via the Saving Hawaii Jobs and Businesses Google Drive.
- Webinars: They are also housing the recordings of their webinars and webinar updates on the Saving Hawaii Jobs and Businesses YouTube channel.
- Next Update: Their next free Webinar update is on Friday, April 3, at 2:00 p.m. They expect to be able to provide updates on the status of banks getting ready to accept PPP applications. You can register here: via their Zoom invitation link.
Due to the volume of inquiries, they are trying to consolidate updates into e-mail blasts. If you would like receive Saving Hawaii Jobs and businesses by e-mail, please sign-up here for their newsletter.
If you have any questions, feel free to email them to: email@example.com.
Support From Accumulus
- Businesses can reach out to Accumulus for support in the Paycheck Protection Program application process, via email at firstname.lastname@example.org