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On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was signed into law. This includes many provisions for relief for businesses, individuals, and organizations. While we are being very attentive to how these provisions apply or affect us as an organization, we wanted to list a few highlighted changes that relate specifically to Reliant's offered insurance and employment benefits.
Please seek consultation from a tax advisor if you have specific questions about the impact the CARES Act will have on your tax situation.
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Many of the provisions laid out in the CARES Act were already put into place by our insurance carriers prior to the law. Please see COVID-19 Insurance Coverage Details for full information specific to your insurance coverage. |
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Reliant has already established a generous leave policy for coronavirus-related missed work. Please see Coronavirus Policies & Updates for full information. |
References:
Additional Resources:
What the CARES Act Means for Churches and Church Staff _ Church Law & Tax.pdf
The CARES Act: What Employers Need to Know About the Historic Stimulus Package
Analysis of CARES Act for Non-Profit Organizations