COVID-19
PPP Loan Forgiveness Application and instructions released by SBA + IRS issues draft Employee Retention Credit Form
On May 15, 2020, the SBA and Treasury issued the PPP application form to request forgiveness of loans under the PPP program. As announced, the SBA will be issuing additional regulations and guidelines for borrowers to complete the application and to instruct lenders on their duties.
Treasury updates “good faith certification” guidance – new, FAQ 46 and Washington DOR loan forgiveness reporting on B&O returns
Two bits of good news for businesses affected by COVID: 1. Treasury updates “good faith certification” guidance with new, FAQ 46, and 2. Washington DOR says loan forgiveness should not be reported on B&O returns until further notice.
Proposed HEROES Act
Today, House Democrats released the Health and Economic Recovery Omnibus Emergency Solutions Act, or “HEROES Act” which proposes spending of more than $3 trillion in additional COVID-19 relief.
Executive Order Suspending Immigration: Who is Affected and Who is Not
Late Wednesday the president issued an executive order limiting the issuance of immigrant visas at U.S. consulates abroad. This article reviews exactly who is—and who is not—subject to the order. With notable exceptions, those most affected are nearly all categories of business-based immigration and most family-based immigrants.
Construction Industry Leads Reopening of Washington State
Today Governor Inslee announced Phase I of a multi-phase reopening plan allowing existing low risk construction projects to resume work. This includes commercial, residential, and public work projects. With the Phase I reopening plan, we begin the highly anticipated process of reviving the economy, getting cranes in the air, and people back to work. As we move forward, there are important requirements contractors need to address for each project site.
The CARES Act – Available SBA Loan Programs and Provisions Impacting Landlords
Learn about eligibility and other CARES Act requirements, the amount of loans that may be obtained, and provisions of the act pertaining to landlords.
Families First Coronavirus Response Act - “FFCRA”
The FFCRA provides emergency paid sick leave and expanded Family and Medical Leave to employees impacted by COVID -19. Learn more about the requirements of this Act.
