Archive by Author

TIME SENSITIVE UPDATE – COVID-19 Legislation Update – RESTAURANT REVITALIZATION FUND PORTAL OPENS FRIDAY, APRIL 30, 2021

By Attorney Joseph A. Camilli The Small Business Administration (SBA) recently announced details and procedures for its $28.6 billion Restaurant Revitalization Fund (RRF), which will distribute grants to qualifying businesses (restaurants, bars, caterers, etc.) that have experienced COVID-related losses (further defined below).  The grants go up to $10,000,000 per business and no more than $5,000,000 […]

COVID-19 Legislation Update – Part 4 of a Multi-Part Legislative Update

By: Attorney Joseph A. Camilli The end of 2020 and start of 2021 have seen a whirlwind of COVID-19-related legislation to address the economic impacts of the COVID-19 crisis to individuals and businesses.  The following is another installment in an on-going overview of some of the broadly tailored programs to assist businesses and individuals affected […]

COVID-19 Legislation Update – TIME SENSITIVE UPDATE BASED ON PRESIDENTIAL ACTION

 By: Attorney Joseph A. Camilli The following is an unplanned interruption to Neider & Boucher, S.C.’s multi-part overview of some of the broadly tailored programs to assist businesses and individuals affected by the COVID-19 crisis. NEW PRIORITIZATION WINDOW – WEDNESDAY, FEBRUARY 24, 2021 On Monday, February 22, President Biden announced that he has instructed the […]

COVID-19 Legislation Update – Part 2 of a Multi-Part Legislative Update PPP 2.0 Loans

By: Attorney Joseph A. Camilli This second installment of our multi-part overview will discuss the new PPP loans available for 2021 both for first-time applicants and for those who received 2020 PPP loans.  As always, please keep in mind that the details of any of the programs discussed require close analysis with your accountants, bankers, […]

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 […]