WASHINGTON — The U.S. Department of Veterans Affairs (VA) announced today it is working directly with the Internal Revenue Service (IRS) and U.S. Treasury Department to ensure delivery of ‘Economic Impact Payments’ to Veterans and survivors who receive Compensation and Pension (C&P) benefit payments from VA without additional paperwork or IRS filings.
For more information on CARES Act ‘Economic Impact Payments,’ visit: https://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know.
Section 3610 (“Federal Contractor Authority”) of the CARES Act, signed into law on March 27, 2020, provides U.S. contracting agencies with discretion to modify the terms and conditions of government contracts to allow for contractor cost reimbursement for paid leave to keep their employees and subcontractors in a “ready state.” On April 8, 2020, the Department of Defense (“DoD”) approved a deviation from the DoD’s traditional contract cost principles (“DoD Contract Cost Principles”) under Defense Federal Acquisition Supplement (“DFARS”) 231 to authorize DoD contracting officers to use the newly issued DFARS 231.205-79 as a means to implement the Federal Contractor Authority for defense contractors.
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Updated: May 8, 2020
Prince George's County has rolled out a new initiative that will provide financial assistance to county businesses impacted by the new coronavirus, also known as COVID-19. Businesses can apply online to request up to $100,000 in operating funds for a period of 6 months from the Prince George's County COVID19 Business Relief Fund to pay for payroll, suppliers, rent, fixed debt payments or other critical expenses. In order to qualify, businesses must be based in PG County and be considered a small business as defined by the Small Business Administration.
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