Re-Opening New Jersey: Preparing a COVID-19 Preparedness and Response Plan
As Employers look to reopen businesses that have been closed due to the COVID-19 Pandemic, it is crucial that they consider OSHA's guidance to develop a COVID-19 Preparedness and Response Plan.
Paycheck Protection Program: Two New Interim Final Rules
What will the SBA review? How does Forgiveness work?
COVID-19 Amendments Affecting Permit Extension Act and Governmental Approvals Awaiting Governor Murphy's Signature
As the Covid-19 pandemic continues to significantly affect all aspects of the real estate industry, the legislature of the State of New Jersey has passed amendments to the Municipal Land Use Law (the “MLUL”), codified at N.J.S.A. 40D:55-1, et. seq.
Estate Planning Wealth Transfer in the COVID-19 Environment
We would like to take a moment to emphasize that the current, challenging circumstances perversely present estate planning wealth transfer opportunities. These opportunities result from historically low interest rates, coupled with reduced asset values, which we outline in the following article.
Paycheck Protection Program Forgiveness Application Form Finally Released!
The Treasury Department and the U.S. Small Business Administration (SBA) have released the Paycheck Protection Program Loan Forgiveness Application, which sheds further light into how borrowers may seek, and obtain, forgiveness of their Paycheck Protection Program loans. In addition to worksheets that calculate eligible forgiveness amounts, the loan application and its accompanying instructions clarify a few prior unknowns (mysteries).
SBA Finally Issues Anticipated Further Guidance on Borrower’s Good Faith for Certification of Necessity
Minutes ago, the Treasury Department released an update of the Program FAQs for the Paycheck Protection Program, addressing Question 31, which had imposed a heightened, but uncertain, standard of need on borrowers, suggesting many may need to return funds by May 14, 2020
Pennsylvania Employee Files Suit Against Former Employer for FFCRA Violations in the Wake of COVID-19
In one of the first lawsuits filed since the passage of the Families First Coronavirus Response Act (“FFCRA”), a Pennsylvania employee is claiming FFCRA interference and retaliation against her former employer, an airline headquartered in eastern Pennsylvania.
Back to Business New Jersey: Essential FAQs for Return-to-Work Planning
Now is the time for employers to formulate action plans for returning employees to the workplace. We have developed the following FAQ’s to guide the development of your return to work plan.
COVID-19 Payroll Protection Update: SBA Adds Liquidity Requirement to Qualify
Announcement – The Treasury Department updated its FAQS regarding the economic uncertainty and need certification to be made by PPP applicants/borrowers, requiring that borrowers take into account their current business activity and their ability to access other sources of liquidity sufficient to support their ongoing operations.
COVID-19 Paycheck Protection Program
Official Updated Information as of April 24th, 2020
An interim final rule – affecting changes to the Paycheck Protection Program was released Friday, April 24th.