The Consolidated Appropriations Act, 2021 provides $900 billion in stimulus relief for the COVID-19 pandemic, including $284 billion for the SBA’s Paycheck Protection Program (PPP) for new and previous borrowers under the Economic Aid Act.
Still trying to buy property in 2020? Attorney Michelle Reid discusses what you can expect when you receive your property tax bill after closing. Many commercial and residential buyers are shocked when their bill jumps to match the property’s sale price rather than the valuation they saw prior to closing.
On Friday, October 2, 2020, the U.S. Small Business Administration issued SBA Procedural Notice 5000-20057, which provides long-awaited guidance regarding pre-forgiveness restructures and ownership changes of borrowers under the Paycheck Protection Program.
Strauss Troy has partnered with several law firms to act as co-counsel in evaluating insurance claims for loss of business income, also known as business interruption insurance.
As businesses such as restaurants, salons, gyms, retail, and more slowly open up after months of being shut down or limited operations due to COVID-19, employers are looking for guidance in navigating the constantly evolving rules for maintaining safe and healthy workplaces. Strauss Troy attorney Theresa Nelson has curated a list of resources that business …Read More
On May 12, 2020, the IRS released Notices 2020-29 and 2020-33 which together provided some relief from the restrictions regarding changes to health and cafeteria plan elections.
PPP loans are subject to forgiveness to the extent that a borrower uses PPP funds for payroll costs and certain mortgage interest, rent and utility obligations during the 8 week period following loan disbursement.
By: Michael L. Iannitti The SBA has continued to issue additional guidance for borrowers and lenders on the Payroll Protection Program (PPP). Since publishing its initial rules in early April, further clarification has slowly trickled out on the often vague provisions of the CARES Act. Perhaps most significantly, the SBA has clarified the circumstances in …Read More
Join Strauss Troy attorney Theresa L. Nelson for a complimentary webinar as she shares guidance on recalling employees, OSHA and CDC guidelines, maintaining safe and healthy workplace practices, and more.
By: Theresa L. Nelson With recent news of easing stay-at-home orders, employers that have been operating with limited employees or that were closed due to COVID-19 need to evaluate the next steps for returning employees to work and opening operations. Any return-to-work plan must comply with all federal, state and local directives to ensure a …Read More