Senate Passes CARES Act | Update: March 26, 2020

The provisions of the CARES Act are starting to solidify. Key items to keep in mind:

Loan amounts will be limited to 2.5 times average monthly payroll costs for prior 12 months (including salaries, commission, bonuses, health insurances, retirement payments, time-off payments, etc.).

Salaries, 1099 contractor expense, and owners comp are all limited to $100K per person and all included in Payroll Costs –  You can include up to $100K of your documented compensation in the loans and forgiveness as currently written ).

Covered period is February 15 – June 30, 2020. 

You must have been in business and had employees as of February 15, 2020 to be eligible for CARES Act.

If you have recently received an SBA Disaster loan, make sure to roll that into your application for it to be eligible for forgiveness.

If you have not received funding on an SBA Disaster loan at the time of CARES funding, you may want to cancel Disaster loan – you can’t receive both Disaster and CARES loans that cover payroll.

Forgiveness will occur in the third/fourth quarter of this year based on submission of an application – more on this later.

Funds used for eight weeks of payroll costs, rents, utilities, loan interest will be forgiven – timer starts at funding of loan.

You must maintain staff levels (as compared to last year or first two months of year) and 75% of staff costs to get full forgiveness.

Applications will be accepted as early as next week: You are only allowed to submit ONE application under CARES Act – make sure it is complete and accurate.


For more info visit RFS Updates

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By Ted Rose June 25, 2026
Issue 127 - ROSE Insights: What AI Failure and Tax Exposure Have in Common
By Ted Rose June 25, 2026
By TED ROSE , ROSE FINANCIAL SOLUTIONS
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ROSE exists so our clients can do that with complete confidence in their financial infrastructure, without having to build it themselves." -- Ted Rose A Track Record That Separates ROSE From New Entrants ROSE's AI and automation advancements are backed by a documented operating history that distinguishes the firm from new entrants: Rules-based workflow automation: 2005 Machine learning: 2014 Generative AI: 2025 Agentic AI: 2026 ROSE clients pass through audits with confidence, including DCAA, financial, bank review, and compliance reviews while the firm's Finance as a Service model delivers 30 to 60 percent cost savings compared to building comparable internal capabilities. Easby is built on Appian , an enterprise-grade, hyper-automation platform trusted by some of the world's largest organizations. The 2026 agentic AI deployment is not built from scratch. AI agents are being layered into workflows that have already been running reliably for years, rules-based, consistent, and proven in production. That distinction is important. This is a new capability added to a proven foundation. About Rose Financial Solutions Rose Financial Solutions is a leading Finance as a Service (FaaS) firm that builds and operates financial infrastructure for growth companies, GovCon businesses, nonprofits, and project-based professional services organizations throughout their lifecycle from start-up to exit. Founded in 1994, ROSE delivers financial clarity through its proprietary platform, Easby, powered by AI-enabled workflows, diagnostic tools, and a team of experienced finance and accounting professionals. With ROSE, organizations achieve the financial infrastructure confidence to grow, comply, and compete at any level. Explore ROSE's approach to financial infrastructure at www.rosefinancial.com . For additional insights, follow ROSE on LinkedIn .
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