Archive by Author

Brewing Tax Battle: Deductibility of Business Expenses Financed by Paycheck Protection Program Loans

Author:  Attorney Daniel Glinert An ongoing tax controversy has left unanswered questions in the minds of U.S. business owners. The stakes are incredibly high. As of June 30, 2020, the federal government’s Paycheck Protection Program (PPP) has allowed over 521 billion dollars of PPP loans to be issued to over 4.8 million businesses. The federal […]

Coronavirus-Related Financial Resources:    Main Street Lending Program

By Joseph A. Camilli The Coronavirus (“COVID-19”) pandemic has generated numerous federal, state, and local efforts to get financial resources into the hands of businesses and individuals in order to stave off financial ruin.  On July 6, 2020, the federal government, through the Treasury Department, implemented the Main Street Lending Program (the “MSLP”). The MSLP […]

Dane County Businesses:    Do You Have the Required COVID-19 Policies?

Author: Attorney John Rather The COVID-19 pandemic continues to have a severe impact on public health and small businesses. In Wisconsin, restrictions on activities and operations have largely been left to individual counties in light of the Wisconsin Supreme Court’s May decision overturning a previous statewide Safer at Home order. Dane County has issued a […]

PPP Application Deadline to be Extended

Author: Attorney John Rather There is still time for qualifying small businesses to apply for forgivable loans under the Paycheck Protection Program (“PPP”). The original deadline to apply for a PPP loan was June 30th. Just hours before the deadline, the U.S. Senate unanimously voted to extend that deadline until August 8th and the House […]

Insurance Coverage and COVID-19

Authors: Attorneys John Rather and Eric Klemm     Businesses big and small are feeling the financial impact of COVID-19 and government orders that required them to cease or severely curtail their business operations.  Some business owners may be asking “what about all those insurance policies I’ve been paying premiums on for years? Shouldn’t they […]

Attorneys Premo and Sugar Join Walkner Condon Financial Advisors “Gimme Some Truth” Podcast

Attorney Maggie Premo and Attorney Tim Sugar from Neider & Boucher’s Trusts & Estates Group joined Nate and Mitch of Walkner Condon Financial Advisors on their “Gimme Some Truth” podcast.  The topic was Elder Care Questions:  Planning for Incapacity.  Click here to listen to the informative May 6, 2020 conversation about Elder Care. Walkner Condon […]

Update – SBA Announces Deadline to Return PPP Loans Extended

By Joseph A. Camilli Originally published: May 6, 2020 UPDATED: May 13, 2020 On May 13, 2020, the federal Small Business Administration (SBA) issued Frequently Asked Question (FAQ) #46 (PDF downloadable here) which attempts to clarify concerns raised by Payroll Protection Program (PPP) loan recipients regarding the “necessity” certification on PPP loan applications.  Please read […]