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General Search Results:
Paycheck Protection Program: More Clarifying Rules, Second Draws and a New Application Form
On January 6, 2021, the SBA and the Treasury Department released interim final rules for the Paycheck Protection Program (“PPP”) Second Draw Program, which was created as part of the stimulus bill enacted into law on December 27, 2020, namely the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the “Act”).
Stimulus – Implications for Recipients of PPP and EIDL Advances
Late Monday evening, Congress passed a $900 billion stimulus bill that, among other things, includes some continuation of relief (albeit on a modified basis) for individuals and businesses impacted by the coronavirus (COVID-19) pandemic, adds additional categories of allowable expenses under the Paycheck Protection Program (“PPP”), and tackles the prior determination of the Internal Revenue Service (“IRS”) that precluded recipients of PPP loans from taking deductions for expenses that were paid for with PPP loans and results in forgiveness.
Employers Should Use Caution Before Changing Their COVID-19 Policies Despite New CDC 7-Day and 10-Day Quarantine Options
On December 2, 2020, the Centers for Disease Control and Prevention (“CDC”) issued new guidance, which provides that in certain circumstances, individuals who were potentially exposed to COVID-19 by being in close contact with an individual that tested positive for the virus (“Close Contact”), can take steps to reduce the length of a standard 14-day quarantine period.
A Forklift Operator Walks into a Bar
On August 7, 2020, the New Jersey Appellate Division upheld the trial court’s dismissal of a negligence action filed by a leased warehouse worker against his employer for injuries sustained while on duty.
End of the Year Gifting May Be Particularly Important this Year
With the end of 2020 quickly approaching and the presidential election largely behind us, it is a good time to revisit important estate planning strategies to protect and preserve your wealth for future generations.
Genova Burns Expands Bankruptcy & Restructuring Practice
Genova Burns LLC is poised to expand by integrating the Bankruptcy law boutique Wasserman, Jurista & Stolz into the firm effective on January 1, 2021
New Jersey Enacts New COVID-19 Workplace Safety Protocols
Effective 6:00 am on Thursday, November 5, 2020, pursuant to Governor Phil Murphy’s October 28, 2020 Executive Order 192 (“EO 192” and “Order”), every New Jersey business which operates with employees and customers physical present at the worksite, will be required to comply with the State’s new COVID-19 workplace safety protocols.
Lessons from Princeton’s $1 Million Settlement of Gender-Based Pay Discrimination Allegations
Princeton University recently agreed to pay nearly $1 million in cumulative back wages to 106 female professors who The U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) found to be victims of gender-based pay discrimination.
High Stakes: How Will the Legalization of Recreational Marijuana in New Jersey Affect the Workplace?
During this upcoming election, New Jersey residents will have an opportunity to vote on amending the New Jersey state constitution to legalize the recreational use of cannabis for adults 21 years and older. While many are excited and hopeful for the referendum to pass next month, some employers are rightfully concerned with how this change will affect the workplace.
Paycheck Protection Program Update: Where do you Stand?
The SBA, in consultation with the Treasury, released a new interim final rule, to simplify loan forgiveness for certain borrowers of Paycheck Protection Program (“PPP”) loans. Specifically, the SBA has issued a rule that provides for a de minimis exemption from the full-time equivalent employee reduction penalty and the employee salary and wage reduction penalty for loans of $50,000 or less
Jennifer Roselle to Present at Government Finance Officers Association of New Jersey Annual Conference
Counsel Jennifer Roselle will be presenting during the Government Finance Officers Association of New Jersey’s Fall 2020 Conference.
USDOL Approves Use of Electronic Disclosures by Retirement Plan Administrators
On May 21, 2020 the U.S. Department of Labor (“DOL”) issued a new rule creating a voluntary safe harbor for retirement plan administrators who prefer to provide ERISA-mandated retirement plan information and disclosures to participants and beneficiaries electronically, as the default method (“Electronic Disclosure Rule”).
EMPLOYEES COVID-19 RELATED COMPLAINTS IN NEW JERSEY
The pandemic brought pandemonium to many New Jersey workplaces. With the second largest outbreak in the country only behind New York, and being the most densely populated state in the country, New Jersey was hit particularly hard by the pandemic giving rise to a number of employee suits.
COVID-19 "EZ" Loan Forgiveness
The SBA has released a revised version of the previously issued Paycheck Protection Program Loan Forgiveness Application, updated to reflect changes effected by the Paycheck Protection Program Flexibility Act of 2020 (the “Flexibility Act”), enacted into law on June 5, 2020.
CARES Act: Expanded Small Business Reorganization Act Can Assist Distressed Businesses
On February 19, 2020, just a few months before the COVID-19 pandemic sent shockwaves throughout the business communities, the Small Business Reorganization Act (“SBRA”) became effective.
Paycheck Protection Program: Congress Responds to Business Concerns Regarding Forgiveness Period
On June 3, 2020, the Senate approved the Paycheck Protection Program Flexibility Act (the “Flexibility Act”), which purports, among other things, to extend the 8-week ‘covered period’, for the incurrence and payment of eligible forgivable costs and to reduce the 75% payroll costs requirement.
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.
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.