News

The SBA updated its FAQ related to the necessity certification for PPP loans this morning, May 13, 2020. The FAQ addresses the good-faith certification concerning the necessity of the PPP loan request.

Late on May 5, 2020, the SBA published a new FAQ (FAQ Question #43) that extends the safe harbor deadline from Thursday May 7, 2020 to Thursday May 14, 2020.

Alert: New Question #40 in SBA's FAQs posted 5/3/2020 - No reduction in PPP loan forgiveness for laid-off employee's refusal of rehiring by PPP loan borrower

ALERT: IRS Notice 2020-32 Issued: EXPENSES PAID WITH LOAN FORGIVENESS FUNDS ARE NOT DEDUCTIBLE

President Trump has signed into law a bill providing for $500 billion in relief due to the COVID-19 pandemic. Part of the package includes approximately $320 billion more for the Paycheck Protection Program (PPP).

Pennsylvania's Act 9, which includes temporary changes to unemployment compensation, also contains a new employer mandate which will continue after the pandemic ends.

ECBA offers free 'Ask-a-Lawyer' service for businesses affected by COVID-19, led by Guy C. Fustine.

The Paycheck Protection Program Application for financial relief due to the COVID-19 pandemic has been released and finalized.

Trump Administration Makes Sweeping Regulatory Changes to Help U.S. Healthcare System Address COVID-19 Patient Surge

Knox Law is committed to serving our clients during the COVID-19 pandemic. Our attorneys and staff are working remotely and are available by phone and/or email to help with any questions your clients may have regarding their estate plans.