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SBA RELEASES RESPONSES TO FAQS ON THE APPLICATION FOR FORGIVENESS OF THE PPP LOAN
August 6th, 2020
Christy Vouri-Misso, Esq.

On August 4, 2020, the Small Business Administration (SBA) released responses to Frequently Asked Questions (“FAQs”) regarding the application for forgiveness of the Paycheck Protection Program (�...

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MAIN STREET LOAN PROGRAM NOW AVAILABLE TO NONPROFIT ORGANIZATIONS
July 21st, 2020
Jean S. Everett, Esq.

On July 17, 2020, the Federal Reserve Board announced two loan options under the Main Street Lending Program for nonprofit organizations such as educational institutions, hospitals, and social service...

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AGING INFRASTRUCTURE AND UNEMPLOYMENT: THE ERIE CANAL AND WPA
July 21st, 2020
Jean S. Everett, Esq.

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UPDATED – GUIDANCE RESCINDED- INTERNATIONAL STUDENTS PROHIBITED FROM ONLINE-ONLY INSTRUCTION
July 8th, 2020
Anna Putintseva, Esq.

UPDATE! The Federal government has agreed to rescind its new policy directive preventing full online instruction in the US for International students settling a lawsuit filed by Harvard University ...

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SBA UPDATES REQUIREMENTS FOR NEW PPP LOANS AND LOAN FORGIVENESS
June 25th, 2020
Gregory D. Eriksen, Esq.

On June 11, June 12, June 17, and June 19, 2020, the Small Business Administration issued a series of revisions to the Interim Final Rules associated with the Paycheck Protection Program (“PPP”).�...

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NEW YORK ISSUES GUIDANCE ON COVID-19 SICK LEAVE FOR HEALTH CARE EMPLOYEES
June 24th, 2020
Rebecca R. Cohen, Esq.; John L. Valentino, Esq.

On May 17, 2020, the New York State Department of Health and New York State Department of Labor jointly issued guidance (the “Guidance”) addressing health care employee eligibility to take leave u...

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PROCLAMATION SUSPENDS SOME NONIMMIGRANT WORK VISA ENTRIES AND EXTENDS SUSPENSION OF IMMIGRANT VISA ENTRIES
June 24th, 2020
Janet E. Moon, Esq.

A Presidential Proclamation was issued June 22, 2020, that extends the suspension on some immigrant visa entries and also suspends new entries for some individuals seeking L-1, H-1B, H-2B, or J-1 noni...

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IRS EXTENDS MANY DEADLINES FOR QUALIFIED OPPORTUNITY FUNDS
June 8th, 2020
Christy Vouri-Misso, Esq.

Recently released IRS Notice 2020-39, provides relief for qualified opportunity funds (“QOFs”), their investors and qualified opportunity zone businesses from many upcoming deadlines due to the Co...

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LOOSENED RESTRICTIONS ON USE AND FORGIVENESS OF PPP LOANS; LOANS STILL AVAILABLE
June 5th, 2020
Gregory D. Eriksen, Esq.

The Paycheck Protection Program Flexibility Act is effective June 5, 2020, and modifies and relaxes some of the loan conditions in the CARES Act. Approximately $100 billion in loans are still avai...

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TOUGH DECISIONS: REHIRING LAID OFF AND FURLOUGHED EMPLOYEES
June 4th, 2020
Kavitha Janardhan, Esq.

As businesses reopen, owners are confronted with untold challenges. Reopening and rehiring decisions are fraught with uncertainty in ordinary times but the governmental response to the pandemic ad...

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