On July 3rd, President Trump signed the PPP Extension Act. The new extension allows for application of PPP loans until August 8th, 2020. As the initial PPP program was set to expire, more than $130 billion of funds were still
| | COVID-19, Estate Planning
If the current COVID-19 pandemic has you thinking abut getting your affairs in order, you are not alone. For pet owners, the care of your furry loved ones is also a priority. Just as you can set up a trust
Various cities, counties, and states have recently passed ordinances asking citizens to wear masks in public or when social distancing cannot be maintained. Many businesses have also posted rules about the use of masks within their establishments. But many people
| COVID-19
Mass gatherings statewide restricted Effective June 29, 2020, even if appropriate physical distancing is possible, organized events of more than 50 people are prohibited. The Executive Order enables local governing jurisdictions, such as the city, town or county, to approve
Various cities, counties, and states have recently passed ordinances asking citizens to wear masks in public or when social distancing cannot be maintained. Many businesses have also posted rules about the use of masks within their establishments. But many people
The Small Business Administration (SBA) today released a revised PPP loan forgiveness application as part of its implementation of changes made by the PPP Flexibility Act. The SBA has also released a new EZ version of the forgiveness application that
| | COVID-19, Litigation
When the COVID-19 crisis began, and states started mandating nonessential business shutdowns, many did not think business owners stood much of a chance against their insurers in seeking financial relief from their business interruption clauses in their coverage contracts. That
On May 13, 2020, the Small Business Administration (SBA) once again updated the FAQs for Paycheck Protection Program (PPP) loans. These newest updates include information about how the SBA will audit the good-faith certification regarding PPP loan requests. This information
Recent events have caused businesses and individuals to assess and struggle with their financial situation more than perhaps any time in decades. For many, despite attempts by the government to assist, bankruptcy is a consideration. Here are some common myths
The latest update, in the form of new FAQs, was published by the SBA and Department of Treasury on May 5, 2020. Click here to access the FAQs page. Question 31 provides needed clarification for businesses regarding qualification for necessity
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