KEEPING YOU INFORMED… On April 6, the U.S. Small Business Administration (SBA) released additional guidance on loans under the Paycheck Protection Program (PPP) authorized as part of the economic stimulus package pursuant to the CARES Act. The guidance, which can be found at sba.gov/sites/default/files/2020-04/Final%20PPP%20FAQs.pdf, is in...
KEEPING YOU INFORMED… Last Friday, March 27, 2020, President Trump signed into law the Coronavirus Act, Relief and Economic Security Act (the “CARES Act”), a $2.2 trillion emergency spending bill that provides much needed stimulus to various sectors of the U.S. economy reeling from the economic...
KEEPING YOU INFORMED… We are writing to provide you with additional information regarding recently-issued guidance from the U.S. Department of Labor (“DOL”) regarding the implementation of the new federal Families First Coronavirus Response Act (the “FFCRA”) (which includes both the Emergency Family and Medical Leave Expansion...
KEEPING YOU INFORMED… We are writing to provide you with information regarding two pieces of recent legislation, one federal and one State, addressing paid and unpaid leave and job protections for employees as a result of the Novel Coronavirus (COVID-19) pandemic. Below is a detailed overview...
KEEPING YOU INFORMED… The U.S. Small Business Administration has released guidance on how to apply for a loan under the Paycheck Protection Program as authorized by the CARES Act. You can find the guidance at https://www.sba.gov/funding-programs/loans/paycheck-protection-program-ppp A copy of the loan application is attached hereto. You...
We are writing to update you regarding Governor Andrew M. Cuomo’s March 27 and March 30, 2020 Executive Orders 202.11 and 202.13. This memo covers the following topics:...
KEEPING YOU INFORMED… On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”). This legislation liberalizes certain retirement plan and charitable contribution deduction rules regarding individuals for 2020.Waiver of Required Minimum Distribution RulesAn individual is...
Under the Corona Aid, Relief, and Economic Security Act (also known as the CARES Act), signed into law on March 27, 2020, there are multiple loan programs available to businesses, self-employed individuals and nonprofit organizations. The Act expands the U.S. Small Business Administration’s (SBA) 7(a)...
KEEPING YOU INFORMED… All workplaces have been affected by the COVID-19 pandemic. Even with your so-called “non-essential” in-person workforce reduced, we are receiving a myriad of questions from those of you both continuing in-person operation and those struggling in light of the restrictions placed on your...
KEEPING YOU INFORMED… In an effort to provide assistance to businesses and certain nonprofit entities impacted by the COVID-19 pandemic, the United States Small Business Administration (the “SBA”) has a new program about which we want you to be aware. An Economic Injury Disaster Loan (“EIDL”)...
