On March 10, Congress passed the $1.9 trillion American Rescue Plan Act of 2021 (Act), the Biden Administration’s COVID-19 relief bill.
The Act made very minor revisions to the Paycheck Protection Program, but...more
The Federal Trade Commission recently filed a lawsuit against Traffic Jam Events, LLC and its owner, David J. Jeansonne to halt an alleged scheme to deceive consumers with mailers supposedly directing them how to obtain...more
You’ve secured a PPP Loan to help weather the pandemic. Now, the SBA and Treasury have released a Loan Forgiveness Application to help lighten your financial burden. In today’s podcast, Aaron Jacoby, Russ McRory, and Justin...more
Most California counties and some California cities have issued local orders related to COVID-19. California businesses must comply with these Local Orders, in addition to the statewide Executive Order.
Because the Local...more
Most California counties and some California cities have issued local orders related to COVID-19. California businesses must comply with these Local Orders, in addition to the statewide Executive Order.
Because the Local...more
On April 17, 2020, the US Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) issued revised Guidance on the Essential Critical Infrastructure Workforce: Ensuring Community and National...more
The California New Car Dealers Association has requested a memo regarding online vehicle sales, home delivery and remote work for vehicle salespersons. Below is our executive summary followed by a brief discussion.
I....more
The SBA has released additional guidance regarding the application of certain affiliate rules applicable to the PPP.
Any dealership with 500 or fewer employees is eligible to apply for a PPP loan. However, even if you are a...more
4/9/2020
/ Affiliated-Business Arrangements ,
Affiliates ,
Board of Directors ,
Business Interruption ,
CARES Act ,
Coronavirus/COVID-19 ,
Economic Injury Disaster Loans ,
Electronic Records ,
Employee Retention ,
Executive Compensation ,
Federal Loans ,
Financial Stimulus ,
Lenders ,
Paycheck Protection Program (PPP) ,
Payroll Taxes ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Shareholders ,
Small Business ,
Stocks ,
Tax Relief
In part two of our discussion, we talked with Aaron Jacoby and Oliver Spurgeon about how the new legislation is helping practitioners, including those on the frontlines fighting the pandemic....more
Recent state and local executive orders limit or suspend many operations of California dealers and repair facilities. This alert summarizes the effects and penalties of recent orders, which are changing daily. All...more
Dealers’ service and parts departments have been deemed “essential.” Sales operations are not so clear. With scaled-down to zero onsite sales operations, ramping up online sales efforts is critical. We spoke with Aaron Jacoby...more
The recently passed CARES Act makes critical investments in telehealth and medicare reimbursements. We talked with Aaron Jacoby and Douglas Grimm about the impact the CARES Act will have on key components of the health care...more
...CARES Act -
Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which included the Paycheck Protection Program (PPP) for small businesses. The PPP provides short-term cash flow assistance...more
The CARES Act includes two new federal financing programs for businesses and nonprofits of all sizes. What should companies know about these programs? We talked with Aaron Jacoby and Dan Renberg about how and when companies...more
With the COVID-19 pandemic, dealers are handling complicated health and business issues. We talked with Aaron Jacoby about the impact of FMLA amendments and how they are designed to provide relief for employees and employers....more
Consumers are stuck at home. How does business continue? We talked with Aaron Jacoby and Russ McRory about the impact of state and local "Stay at Home" orders in California and New York and how dealers and manufacturers can...more
Found below is the current status for state and local orders impacting dealers and distributors in the automotive industry.
Alabama State -
Allows most non-food retailers to remain open subject to social distancing...more
The package was sent to the President’s desk after undergoing technical changes to paid medical leave and public health emergency medical leave provisions that will limit costs for small businesses. Employers with 500...more
3/20/2020
/ Coronavirus/COVID-19 ,
Cost-Sharing ,
Families First Coronavirus Response Act (FFCRA) ,
Family and Medical Leave Act (FMLA) ,
FMAP ,
Health Insurance ,
Medicaid ,
Medicare ,
Paid Leave ,
Sick Leave ,
Tax Credits ,
TRICARE