On April 3, 2020 Governor Cuomo signed a bill amending the Labor Law requiring New York employers to provide sick leave to all employees; accrual and recordkeeping obligations became effective September 30, 2020 New York has now released a summary of this new law available here: https://www.ny.gov/new-york-paid-sick-leave/new-york-paid-sick-leave New York has also released a FAQ document, available here: https://www.ny.gov/sites/ny.gov/files/atoms/files/PSL_FAQ_PaidSickLeaveFAQ.pdf  [...]

Spousal Support (Maintenance) in New York Spousal Support in New York is called maintenance. Many years ago it was referred to as “alimony”. Today maintenance is generally determined by a formula that compares the income of the spouses, with the higher income spouse paying maintenance to the lower income spouse. There are basically two formulas in New York for maintenance. The lower formula is used when child support is also being paid by the higher income spouse to the lower income [...]

 New Forgiveness Application and Relief from Forgiveness Reduction for PPP Loans under $50,000 and Limitation of Lender Review of Expenses that Exceed Those Necessary for Forgiveness The latest Interim Final Rule issued by the SBA on October 8, 2020 addresses the following: Another new forgiveness application has been issued: SBA Form 3508S Borrowers with a PPP loan of $50,000 or less, other than any borrower that together with its affiliates received loans totaling $2 million or [...]

The SBA released a Procedural Notice (the “Notice”) effective October 2, 2020 that provides information concerning the required procedures for changes of ownership of an entity that received Paycheck Protection Program (“PPP”) funds. For purposes of the PPP, a “change of ownership” will be considered to have occurred when:• at least 20 percent of the common stock or other ownership interest of a PPP borrower (including a publicly traded entity) is sold [...]

• New York Election Law Section 3-110 entitled “Time allowed employees to vote” was amended and made effective on April 3, 2020• Pursuant to the amended law:    o Paid Time Off to Vote: If a registered voter does not have sufficient time outside of his or her scheduled working hours, within which to vote on any day at which he or she may vote, at any election, he or she may, without loss of pay for up to two hours, take off so much working time as will, when added [...]