CLIENT ALERT: PPP Loan Updates on Disbursements and Seasonal Employers Summary of the Interim Final Rule on Disbursements: A borrower cannot take draws on a Paycheck Protection Program (“PPP”) Loan and delay the start of the eight-week covered period.  The lender must make a one-time, full disbursement of the PPP loan within ten calendar days of loan approval; for the purposes of this rule, a loan is considered approved when the loan is assigned a loan number by SBA.   [...]

Recent Amendments to the CARES Act and New Guidance from the Small Business Administration on the Paycheck Protection Program Recent Amendments to the CARES Act include Additional Relief for Small Businesses: $310 billion in additional funding for the Paycheck Protection Program (“PPP”) Economic Injury Disaster Loan Program (“EIDL”) increased from $10 billion to $20 billion Includes the following for eligible entities for the PPP: “Agricultural [...]

Employee Workplace Rules under COVID-19: EEOC, CDC, Face Coverings in NY, and Other Information  Equal Employment Opportunity Commission – COVID-19 Guidance The EEOC has issued guidance on the potential implications of COVID-19 on the ADA, the Rehabilitation Act, and other EEO Laws The guidance includes information on responding to requests for reasonable accommodations, harassment in the workplace, and returning to the workplace More information is available here: [...]

CLIENT ALERT: COVID-19 and Your Estate Plans COVID-19 has many people concerned about their health and well-being and whether they have properly prepared for the future with a solid estate plan.  The Trusts and Estates and Elder Law attorneys at Levene Gouldin & Thompson can provide you with peace of mind, even during the COVID-19 crisis.  Whether you’ve been putting off your estate planning for years, or are just now realizing the importance of getting your affairs in [...]

CARES Act Employee Retention Credit; NY Insurance Relief; and Small Business Grants Employee Retention Credit under the CARES Act Refundable payroll tax credit for Eligible Employers equal to 50% of Qualifying Wages paid after March 12, 2020 and before January 1, 2021 Eligible Employers: either had operations fully or partially suspended as a result of a government order limiting commerce, travel, or group meetings OR had greater than 50% reduction in quarterly gross receipts Qualifying [...]