On June 30, PA begins offering grants of between $5,000 to $50,000 to small businesses affected by the COVID-19 pandemic. This is not a first-come, first served program and grants will become available in several separate offerings over the... Read more
When your business obtains Disadvantaged Business Enterprise (DBE) certification, you are certified under one or more NAICS codes. The NAICS (North American Industry Classification System) is used to classify businesses using a six-digit number... Read more
On Friday, June 5, the President signed into law the Paycheck Protection Program Flexibility Act of 2020 (“PPPF”), H.R. 7010. The Act makes major modifications to the CARES Act and the Paycheck Protection Program (“PPP”) loan... Read more
On May 22, the US Treasury updated the rules governing PPP loan forgiveness. Some of the updates merely ratify the decisions made on loan forgiveness application form. Read more
If you have applied for a Paycheck Protection Program (“PPP”), the SBA released the application form (SBA Form 3508) and the worksheets you will have to submit to your lender shortly after June 30th... Read more
*Co-Written by Jean Novak and John Kelly Under the CARES Act Paycheck Protection Program (PPP) loan program, employers are encouraged to hire back employees and restore pay to February 15, 2020 levels. If the... Read more
In Notice 2020-32 , https://www.irs.gov/pub/irs-drop/n-20-32.pdf (released April 30, 2020), the IRS says that any expenses (payroll costs, health care costs, utilities, rent, and mortgage... Read more
House Bill 2386, known as the COVID-19 Disaster Emergency Business Interruption Grant Act, has passed in the Pennsylvania House of Representatives. Bill 2386 establishes the “COVID-19 Disaster Emergency Business Interruption Grant Program” to... Read more
On April 20, Pennsylvania Governor Tom Wolf signed Act 15 of 2020 (previously SB 841). Act 15 takes effect immediately and addresses a host of issues for local governments and agencies across the Commonwealth. The legislation, which also... Read more
The COVID-19 crisis has wreaked havoc on the food/beverage and hospitality industries, many of which have turned to their insurers seeking relief under commercial policies for the interruption to their business as a... Read more
