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Please Click HerePosted on May 13, 2020 by Mary Ellen Schill and Amy E. Ebeling
The Wisconsin Supreme Court has ruled that Governor Tony Evers’ administration overstepped its authority when it extended the governor’s “Safer at Home” order until May 26. The original “Safer at Home” order went into effect on March 25 and was initially expected to expire on April 24, but the governor’s administration extended the order until […]
Posted on May 13, 2020 by Amy E. Ebeling and Mary Ellen Schill
The US Department of Treasury released FAQ #46 this morning providing guidance on “how will SBA review borrowers’ required good-faith certification concerning the necessity of their loan request.” Any borrower, together with its affiliates, that received PPP loans with an original amount of less than $2 million will be deemed to have made the required […]
Posted on May 7, 2020 by Melissa S. Kampmann
On the same day we published the article My Deceased Family Member Received a COVID-19 Stimulus Check, Now What? the IRS provided guidance on how to return stimulus payments that were made under the CARES Act to deceased individuals. If your deceased family member or relative received a paper check by mail, you should follow these […]
Posted on May 6, 2020 by Melissa S. Kampmann
There has been significant publicity surrounding the issue of deceased individuals receiving stimulus checks under the CARES Act. It is far more common than you may think, simply because of the speed in which our government operated to send out the payments. The stimulus checks were issued to individuals that met certain income requirements and […]
Posted on May 6, 2020 by Mary Ellen Schill and Amy E. Ebeling
In FAQ #43, Treasury announced it has extended the PPP loan repayment safe harbor to May 14, 2020 (from the original May 7, 2020 deadline). This extension is presumably in recognition of the fact that additional guidance is necessary regarding the borrower’s certification that “current economic uncertainty makes this loan request necessary to support the […]
Posted on May 5, 2020 by Sara J. Ackermann
Previously we reported on the EEOC’s post entitled “ What You Should Know About COVID-19 and the ADA, the Rehabilitation Act, and Other EEO Laws.” Today, the EEOC added valuable guidance for those employers gearing up to return employees to the workplace. Ironically, we have recently been addressing these same questions from many clients, so […]
Posted on May 4, 2020 by Amy E. Ebeling and Mary Ellen Schill
Over the weekend, the Department of Treasury issued an update to their PPP FAQs. Question #40 clarifies that an employer’s forgiveness amount under PPP will not be impacted if the employer attempts to rehire a previously laid off employee and the employee refuses the offer to be rehired. The offer from the employer must be […]
Posted on May 1, 2020 by Mary Ellen Schill and Amy E. Ebeling
The Department of Treasury released updated Protection Program FAQs. These updated FAQs continue to raise more questions and concerns from PPP borrowers and provide little clarity on SBA expectations and forgiveness. Published on April 28th, FAQ #37 responds to the question “Do businesses owned by private companies with adequate sources of liquidity to support the […]
Posted on April 30, 2020 by Mary Ellen Schill and Amy E. Ebeling
With a second round of Paycheck Protection Program (“PPP”) funding coming available last week, a large percentage of small businesses either have already received (or will soon receive) the proceeds of a PPP loan. At only one percent interest over two years, PPP loans present a great opportunity, but, obviously, businesses are most interested in […]
Posted on April 21, 2020 by Ruder Ware Alumni
After having just issued an update on April 9, the U.S. Equal Employment Opportunity Commission (EEOC) has now issued another update to its guidance document, “What You Should Know About COVID-19 and the ADA, the Rehabilitation Act, and Other EEOC Laws.” This has been the subject of two of our previous alerts (see The EEOC […]