South Carolina Department of Revenue Announces Extension of Relief Regarding Nexus and Income Tax Withholding Requirements for Remote Workers -
Due to the rise in remote work caused by the pandemic, the State has provided...more
This final alert in our four-part series on coronavirus stimulus legislation covers the various other significant stimulus proposals focused on businesses contained in the Democrat’s Health and Economic Recovery Omnibus...more
9/9/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Economic Injury Disaster Loans ,
Employee Retention ,
Financial Stimulus ,
Meal and Entertainment Expenditures ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
Semiconductors ,
Tax Credits ,
Work Opportunity Tax Credit
Revisions Incorporate Paycheck Protection Program Flexibility Act of 2020, New Forgiveness Applications, and Recent Interim Final Rules -
On June 16, 2020, the Small Business Administration (SBA) and the U.S. Treasury...more
7/10/2020
/ Applications ,
Borrowers ,
CARES Act ,
Coronavirus/COVID-19 ,
Interim Final Rules (IFR) ,
Lenders ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
Small Business ,
Small Business Loans
Borrower Details Released -
On July 6, 2020, the Small Business Administration (SBA) and the U.S. Treasury released detailed and searchable information about more than 650,000 borrowers that received PPP loans. As the SBA...more
Revisions Incorporate Paycheck Protection Program Flexibility Act of 2020, New Forgiveness Applications, and Recent Interim Final Rules -
On June 16, 2020, the Small Business Administration (SBA) and the U.S. Treasury...more
6/22/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Interim Final Rules (IFR) ,
Loan Applications ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Paycheck Protection Program Flexibility Act of 2020 (PPPFA) ,
Relief Measures ,
SBA ,
Small Business ,
Small Business Loans
On May 15, 2020, the Small Business Administration (SBA) and the U.S. Treasury Department released their much anticipated Loan Forgiveness Application and corresponding instructions (Forgiveness Application) for the Paycheck...more
5/19/2020
/ Business Interruption ,
CARES Act ,
Coronavirus/COVID-19 ,
Loan Forgiveness ,
Loan Repayment Issues ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Small Business ,
Tax Relief
On May 7, 2020, Secretary of Commerce Wilbur Ross announced the allocation of $300 million in federal assistance to coastal states, tribes and territories for distribution to participants in the fishery industry who have been...more
Borrowers now have until May 14, 2020 to decide whether to return Paycheck Protection Program (PPP) funds within a safe harbor period provided by the U.S. Small Business Administration (SBA). The SBA released FAQ 43 on May...more
As previously described in this March 30, 2020 client alert, the Coronavirus Aid, Relief, and Economic Security (CARES) Act (the “Act”) amends Section 7(a) of the Small Business Act to include a new guaranteed, unsecured...more
The CARES Act (short for Coronavirus Aid, Relief, and Economic Security Act) was approved by the United States Senate Wednesday night by a vote of 96-0 and by the House this afternoon. The final approval was not without...more