Congress has come bearing gifts this holiday season to those businesses hit hard by the ongoing COVID-19 crisis. On December 21, 2020, Congress passed the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act...more
The Small Business Administration (“SBA”) has issued long-awaited rules governing lender and borrower obligations when there is a change in ownership of an entity that has received a Paycheck Protection Program (“PPP”) loan....more
Introducing Nossaman's Employment BUZZ webinar series! Each month, our attorneys will cover a different topic of interest to employers, including tax, insurance, intellectual property and employment issues. These "quick hit"...more
10/6/2020
/ Borrowers ,
CARES Act ,
Coronavirus/COVID-19 ,
Human Resources Professionals ,
Internal Revenue Code (IRC) ,
IRS ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Payroll Deductions ,
Payroll Taxes ,
SBA ,
Small Business ,
Small Business Loans ,
Tax Deductions ,
Tax Liability ,
Tax Planning ,
Tax Returns
We'll kick off our series on September 22nd as Doug Schwartz and Anna Tang present "PPP Loan Forgiveness – Employment and Tax Issues for Borrowers" . During the presentation, Doug and Anna will discuss:
-When to apply for...more
The week of May 11, 2020, the Democrats in the House of Representatives introduced a bill – the Health and Economic Recovery Omnibus Emergency Solutions Act (“HEROES Act”) – that would provide the next round of stimulus...more
Businesses that accepted a Paycheck Protection Program (“PPP”) loan are on the clock. Earlier last week, the Small Business Administration (“SBA”) issued Frequently Asked Question (“FAQ”) 43. In this latest FAQ, the SBA...more
On Friday March 27, 2020, President Donald J. Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), providing hope for struggling businesses. ...more
4/9/2020
/ Business Interruption ,
CARES Act ,
Coronavirus/COVID-19 ,
Economic Injury Disaster Loans ,
Federal Loans ,
Financial Stimulus ,
Paycheck Protection Program (PPP) ,
Payroll Taxes ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Small Business ,
Tax Relief