Articles

Most small businesses in New York State have required loans to recover in this pandemic. As the Small Business Administration (SBA) Paycheck Protection Program is drawing closer to its termination date of June 30, 2020, a New York State economic recovery loan program will still be available to “save the day” – or, let’s say – “save the business.” Governor Cuomo recently announced the initiation of the New York Forward Loan Fund (NYFLF).

Nonprofit organizations (“nonprofits”) that receive significant amounts of federal and state grant funding (“government grants” or simply “grants”) are likely to face challenges in maximizing the benefits of their Paycheck Protection Program (PPP) loans.

The COVID-19 pandemic caused private foundations to relocate physical offices to a “virtual office” without much preparation. This hasty change […]

After weeks of silence regarding the forgiveness of Paycheck Protection Program (PPP) Loans, the SBA has recently released two new forgiveness application forms and its nineteenth (yes, nineteenth) Interim Final Rule (IFR) on PPP. Here’s what we know.

The Federal Reserve announced on June 15th that lenders may begin registering to be an approved lender under the Main Street Lending Program (the Program). Once registered, the lenders will be allowed to offer loans under the Program.

The Securities and Exchange Commission (SEC) recently voted to amend disclosure requirements for acquisitions and dispositions of businesses. The amendments are intended to improve for investors the financial information about acquired and disposed businesses, facilitate more timely access to capital, and reduce the complexity and cost to prepare the disclosures.

In this reference guide, we have outlined the numerous COVID-19 Related Assistance Programs designed to immediately put cash into the hands of businesses across the country. 

In an earlier Employee Benefit Plans Alert, we provided information on IRS guidance pertaining to Health Reimbursement Arrangements (HRAs) and Cafeteria Plans.

While putting together this issue of Cyber Roundup compiling cybersecurity incidents occurring in May 2020, I was brought back to my first personal encounter with a computer virus. I can even give you the date – May 5, 2000 ‒ 20 years ago.

A popular trend among institutional investors and family offices is to hire an outsourced chief investment office (OCIO) firm to manage their investment portfolio, rather than maintain an internal investment team.

Carpentry is a trade that requires a great deal of professional skills. Just about anyone can go shopping and fill a toolbox with a variety of tools.

While the pending Paycheck Protection Program Flexibility Act of 2020 does increase the amount of funds that can be spent on non-payroll costs from 25 percent to 40 percent, it appears to do so by creating a cliff.