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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 […]

[UPDATED FEB. 16, 2021] COVID-19 Legislation Update – Part 3 of a Multi-Part Legislative Update Wisconsin Treatment of PPP Loans

By Attorney Joseph A. Camilli This third installment of  our multi-part overview will discuss the current State of Wisconsin taxation of PPP loans, both with respect to the deductibility of expenses paid with PPP proceeds and the income tax treatment of the PPP funds themselves.  As always, please keep in mind that the details of […]

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, […]

COVID II Bill PPP and other related key business provisions

December 29, 2020 Authored by Joseph W. Boucher President Trump signed this bill Sunday December 27. The article by the Journal of Accountancy is an excellent summary. https://www.journalofaccountancy.com/news/2020/dec/covid-19-relief-bill-addresses-key-ppp-issues.html Some Key highlights: The PPP program has more funding.  Expands which businesses qualify to include other tax exempts such as destination marketing organizations.   For business not […]