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CARES Act
Under the CARES Act, eligibility for unemployment benefits has been extended to up to 39 weeks, and an additional $600 has been added to an employee’s weekly benefit through July 31, 2020. Article details how this works.
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Employers considering taking out a loan under CARES Act legislation should weigh the potential drawbacks and proceed with caution in determining whether to proceed.
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The Coronavirus Aid, Relief and Economic Security (“CARES”) Act, the roughly $2 trillion stimulus package intended to provide economic stability to the U.S. during the COVID-19 crisis, also carves out unemployment benefits for self-employed workers.
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