Business Insurance | Benefits | HR & Payroll | 401k & 403b
What to Know From CGO
Important News Impacting Employers - June 2020 Recap
Paycheck Protection Program Updates
New Law
On June 5 President Trump signed into law the Paycheck Protection Program Flexibility Act of 2020. The Act is intended to fix problems with the Paycheck Protection Program (PPP). Key provisions of the Act include:

  • Loan Repayment Terms
  • Payroll Costs vs. Nonpayroll Costs
  • Covered Period Extension
  • Payroll Tax Deferment
  • Extension of Rehiring Safe Harbor

EZ Forgiveness Application
The Small Business Administration (SBA) and Department of Treasury recently released a streamlined loan forgiveness application called the EZ Forgiveness Application. This newly released three-page EZ application is significantly shorter than the traditional loan forgiveness application and requires fewer calculations and less documentation than the full application.

Illinois Phase 4 Office Guidelines
Issued June 22 - The revitalization phase of the restore Illinois public health approach to reopening the Illinois economy includes larger gathering sizes, additional businesses reopening and increased capacities.

Risk Management + Property & Casualty Insurance
Employee Benefits
Human Resources + Payroll
Retirement Plans
We're Here For You
Employee Directory
While our physical office remains closed, our employees are working remotely and are ready to assist you. Use the following link to access our directory that contains the direct contact information of all our team members.

Business Insurance | Employee Benefits | HR & Payroll | 401k & 403b

This newsletter has been carefully developed by the experienced professionals at CGO. However, it is not a legal document and should not be construed as legal opinion. CGO will accept no liability for the use of these opinions in the workplace.