May 4, 2020 | Coronavirus, Coronavirus and business
Over the past week both the Small Business Administration (SBA) and the US Treasury have made some significant “clarifications” in the Paycheck Protection Program (“PPP”) created under the CARES Act. The most important of these “clarifications” came in two separate...
Apr 28, 2020 | Business & Corporate, Coronavirus, Coronavirus and business, Coronavirus and tax law
Recent Guidance for Small Businesses Applying for PPP Loan As Congress prepares to add an additional $320 billion to the Paycheck Protection Program, which was created under the CARES Act on March 27, 2020, the Small Business Administration, in consultation with the...
Apr 25, 2020 | Coronavirus, Coronavirus and business, Coronavirus and finance law
The House approved over $480 billion in additional funding to help the program geared to keep small businesses from shuttering and their employees from going on unemployment because of the economic impacts of the coronavirus pandemic. The bill includes more than $320...
Mar 27, 2020 | Banking Law, Business & Corporate, Coronavirus, Coronavirus and business, Coronavirus and finance law, Coronavirus and tax law, Tax Law
On March 27, 2020, the U.S. House of Representatives passed the COVID-19 stimulus bill, known as the Coronavirus Aid, Relief, and Economic Security (CARES) Act (H.R. 748), which provides much needed assistance for small businesses. The Paycheck Protection Program is...
Mar 23, 2020 | Coronavirus, Coronavirus and tax law, Tax Law
The U.S. Department of the Treasury has recently issued a series of Notices which grants automatic relief to taxpayers. Due to COVID-19, the traditional April 15 deadline for filing and paying federal taxes has now been extended to July 15, 2020. This extension...
