Paycheck Protection Program Flexibility Act of 2020 (H.R. 7010)
Following significant backlash from business owners, members of Congress, accountants, academics and others, yesterday, Congress passed H.R. 7010, otherwise known as the Paycheck Protection Program Flexibility Act of 2020, and is expected to be signed into law by the President, today, June 4, 2020. H.R. 7010 is a bill that modifies the CARES Act in […]
Do You Need a Trust?
In the estate planning world, people often wonder whether their assets should be held in a Trust. The answer, as is often the case with legal matters, is “it depends.” Trusts are a valuable tool for any estate planner. In the right circumstances, establishing a Trust provides significant benefits for an individual and her family. […]
Pennsylvania’s Judicial Emergency to Cease as of June 1
On May 21, 2020, the Pennsylvania Supreme Court issued an Order declaring that the previously established judicial emergency in Pennsylvania will cease after June 1, 2020. However, the Court also ordered that previously entered judicial orders in the intermediate appellate courts and local courts shall remain in full force and effect until they expire by […]
As Pennsylvania Re-opens for Business, Additional Guidance for Businesses is Released
As Pennsylvania re-opens for business, with all counties moving to the Yellow Phase by June 5 and some counties already in the Green Phase, new guidance has been issued for businesses as they move through the phases, in addition to the Business & Building Safety Guidelines. For counties moving into green phase the following guidance […]
Webinar – Commercial Landlord & Lease Issues
If an Attorney, Financial Planner or other advisor confidently says you need a Trust before understanding your personal, family, and financial circumstances, ask the important question of “Why?” If they cannot provide an answer with credibility, consider finding different individuals to advise you
Summary of Guidance on “To Go” Mixed Drinks for Hotel and Restaurant Licensees
On May 21, 2020, Governor Tom Wolf of the Commonwealth of Pennsylvania signed into law Act 21 of 2020, which allows certain hotel and restaurant licensees to temporarily sell prepared beverages and mixed drinks to go, effective immediately. Entities Covered By Act 21 Hotel and restaurant licensees that have lost at least 25% of […]
Guidance for Real Estate Industry: Resuming Operations in PA
On Tuesday, May 19, 2020 Tom Wolf, the Governor of the Commonwealth of Pennsylvania, issued guidance for businesses in the real estate industry, allowing them to operate during the COVID-19 (Coronavirus) restrictions, regardless of their county’s red, yellow or green phase status.
PPP Loan Forgiveness – Frequently Asked Questions
Updated May 18, 2020 What is “loan forgiveness”? The main benefit of the Paycheck Protection Program (PPP) is that if the proceeds from the loan are properly spent within the eight week “Covered Period”—which begins, at the election of the applicant, on the day the PPP proceeds are deposited into the applicant’s bank account or […]
CARES Act Resource Page
On March 25, 2020, the U.S. Senate unanimously passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The CARES Act offers critical economic stimuli to individuals, businesses and healthcare institutions as a result of the extreme financial strains caused by the COVID-19 (Coronavirus) outbreak. On March 27, 2020, the U.S. House of Representatives […]
Guidance for Employers: Bringing Employees Back to Work
As the COVID-19 restrictions begin to relax and employees are permitted to return to the workplace, employers will likely have questions regarding the logistics for that return. The return to the workplace is not without complication. Some employees will be more than ready to return, while others will have many concerns about returning. The first […]