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”)...
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… On Saturday, Governor Cuomo signed Executive Order 202.9 as part of the State’s ongoing efforts to combat the effects of COVID-19. The Order mandates that through the declared state of emergency, any bank under the jurisdiction of the New York State Department of...
KEEPING YOU INFORMED… On Friday, Governor Cuomo signed Executive Order 202.8 again modifying Order 202.6 to businesses and not-for-profit entities (collectively, “businesses”) to use, to the maximum extent possible and by no later than Sunday, March 22 at 8 p.m., any telecommuting or work from home...
KEEPING YOU INFORMED… We are writing to provide clarification on Executive Order 202.4 which, in general, requires public employers to reduce their in-person, non-essential workforce by 50% by reassigning them to work remotely or placing them on leave without charge to accruals. For now, public employers...
KEEPING YOU INFORMED… Last night, Governor Cuomo issued Executive Order 202.7 modifying Order 202.6 to require all businesses and not-for-profit entities in New York State (collectively, “businesses”), other than those defined as “essential,” to the maximum extent possible, and by March 21 at 8 p.m., to...
KEEPING YOU INFORMED… Last night, Governor Cuomo issued Executive Order 202.6 requiring all businesses and not-for-profit entities in New York State (collectively, “businesses”), to the maximum extent possible, and by March 20 at 8 p.m., to use telecommuting or work from home procedures that can safely...
