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 […]
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 […]
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 […]
Author: Attorney Joseph A. Camilli The Paycheck Protection Program Flexibility Act of 2020 On June 3, 2020, the United States Senate passed the Paycheck Protection Program Flexibility Act of 2020 (“PPPFA”), a bi-partisan bill originally passed by the House of Representatives on May 28, 2020. The PPPFA contains numerous significant changes to the widely utilized […]
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 […]
