Is Your Business Taking Advantage of Section 139 Disaster Relief Payments?
New Pennsylvania Bill Aligns with Federal Tax Treatment of Forgiven PPP Loans
Change-In-Ownership Guidance for PPP Borrowers and Lenders
Making a Campaign Contribution? Make Sure You’re Compliant
By Anthony T. Verwey -- As the political season continues the rush toward November, all businesses and their employees should be paying attention to recent reporting regarding “conduit” campaign contributions, which have the potential to put both parties in jeopardy.…
New PPP Loan Forgiveness Applications Issued
By Gordon W. Prince, Esq. In light of the newly executed Paycheck Protection Program Flexibility Act (the “Act”), discussed fully here, the SBA (in consultation with the U.S. Department of Treasury) issued a revised PPP loan forgiveness application, as well…
New Rules for Forgiveness in Paycheck Protection Program Reform Bill
By Gordon W. Prince, Esq. The Paycheck Protection Program Flexibility Act of 2020, a bill that focuses on easing restrictions on small businesses who will be seeking to have their PPP loans forgiven, has been signed into law by the…
Small Businesses: What You Need to Know About Important Changes to Bankruptcy
By David W. deBruin, Esq. The Coronavirus Aid, Relief and Economic Security Act (CARES Act) was enacted to provide emergency financial assistance for individuals, families and businesses affected by the COVID-19 pandemic. A lesser publicized part of the CARES Act…
Keep It or Return It: Major Update for PPP Loans Under $2 Million
By Gordon W. Prince, Esq. The SBA has automatically extended the safe harbor Paycheck Protection Program loan repayment deadline to May 18, 2020, in light of the new guidance it has issued regarding the good faith certification all PPP loan…
Gawthrop Greenwood Serving on Chester County’s COVID-19 Business Task Force
Gawthrop Greenwood attorney and partner Stephen McDonnell has been appointed to serve on Chester County’s Business Advisory Council, which will support the Chester County Commissioners’ COVID-19 Business Task Force. The Commissioners created the task force of local business leaders to…