Author: Attorney Eric Klemm SBA Loan Forgiveness Application Released One of the most discussed features of the PPP Loan program created by the CARES Act is that if loan recipients meet certain guidelines, the loan proceeds would be entirely forgiven, without tax, interest, or penalty to the borrower. To be eligible for forgiveness, the loan […]
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 […]
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 […]
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 […]
By Joseph A. Camilli Originally published: May 11, 2020 What Rebate? Some businesses have received notices from their group health plan insurance carrier (e.g. the Anthems, UnitedHealthcares, and Humanas of the world) informing them that they will be receiving a rebate from the insurance premiums that the employer has paid. Insurance carriers are couching this […]
By Joseph A. Camilli Originally published: May 6, 2020 What deadline is this? Under the CARES Act’s Payroll Protection Program (PPP), qualifying small business owners and independent contractors are able to apply for forgivable loans through the federal Small Business Administration (SBA). Applicants for the PPP loans must certify that current economic uncertainty makes the […]
Originally published: April 28, 2020 Authors: Attorneys Eric Klemm and Joseph A. Camilli Summary of the Paycheck Protection Program and Health Care Enhancement Act President Trump signed the “Paycheck Protection Program and Health Care Enhancement Act” on April 24, 2020, which primarily increased the funds available for the Paycheck Protection Program (PPP) loans, adding […]
By Attorney Maggie Premo As an estate planning attorney, I think about disability and death more often than the average person. Unfortunately, the COVID-19 pandemic has pushed thoughts of illness and death into the forefront of more and more minds and estate planning that has been postponed for years is now becoming a priority. […]
Attorney Danielle Johnson shares power point slide deck focusing on important COVID-19 business issues including the CARES Act, FFCRA and EIDL. Click here COVID Issues for Businesses to download a pdf version of Danielle’s presentation.
Attorney Joseph A. Camilli The CARES Act’s Employee Retention Tax Credit (ERTC) provisions have received less publicity than the Payroll Protection Program loan program. However, this does not mean that the ERTC is any less important. Employers looking to get cash in their hands to bridge the resource gap between now and whenever this crisis […]
