To put it mildly, many businesses continue to struggle with disruptions caused by the COVID-19 pandemic. Employees are prohibited from entering job sites and have taken federally authorized leave en masse, supply chains are disrupted, and state and local health authorities close all but “essential…
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A brief history: On April 9, 2020, the Federal Reserve published term sheets for a lending program—known as the Main Street Lending Program—for small and/or mid-size businesses. There were two separate loan programs under the Main Street Lending Program—the Main Street Lending Program and the Main Street Expanded Lending…
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It is widely predicted that COVID-19 related lawsuits will flood the court systems in the coming two to three years and that those cases may continue to be litigated over the next decade. Indeed, depending on the source, it appears that almost 1,000 COVID-19 related…
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On May 13, 2020, the Small Business Administration (“SBA”), along with the Treasury, released FAQ #46, as a follow up to its guidance on FAQs #31 and #37, which is discussed here. As a quick catch up, the SBA and Treasury issued FAQ #31 in response…
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As businesses in Missouri and other regions begin to open back up and employees return to the workplace, employers are faced with questions regarding what types of testing and screening they can implement to ensure the health and safety of their employees. Background The U.S.…
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On April 9, 2020, the Federal Reserve, published term sheets for a Main Street Lending Program for small and/or mid-size businesses. The April 9 term sheets set forth two separate loan programs under the Main Street Lending Program—the Main Street Lending Program and the Main Street Expanded Lending Program.…
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For any employer that expected PPP loan proceeds to be “free money,” the IRS has essentially said – not so fast. In guidance issued on May 1, 2020, the IRS clarified that to the extent that an employer makes payments of expenses that result in…
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