[Updated May 6, 2020] [NOTE: Effective May 14, SBA further extended the safe-harbor payment deadline to Monday, May 18th] “To repay or not to repay” seems to be the question of the day. When the SBA posted FAQ #31 on April 28, it raised a whole lot more questions than it answered. As most of […]
Since the COVID outbreak, legislators at all levels have been passing laws to address the impact of the pandemic. Congress has adopted the Paycheck Protection Program, which lends money to businesses that stay open. They passed a stimulus package to give $1,200 to citizens to help them through this difficult time. Unemployment laws were also […]
As I’m writing this, Governor Evers just updated his stay-at-home order, extending the deadline to May 26 and officially closing the schools through the end of the current school year. I feel bad for everyone during these difficult times, but I especially feel bad for two of my nephews. Both of them are in their […]
Since the pandemic struck, our attorneys and staff have been working from home, so we’ve been using Zoom, the teleconferencing app. Every morning the entire firm joins the site to discuss how things are going and to see if anyone needs anything. I’ve used the app for client meetings. My niece has used it to […]
What types of loans are available? The “Paycheck Protection Program” implemented under the CARES Act allows small businesses and non-profits to apply for loans in the amount of 2.5 times average monthly payroll costs, which can then be forgiven to the extent that the loan proceeds are used for payroll, rent, mortgage interest, and utilities […]
No fooling. If you are a private employer with fewer than 500 employees, you may be required to offer the new sick time and emergency family medical leave benefits available under the Families First Coronavirus Response Act (and to obtain the payroll tax credits available to recoup the costs of these benefits). This is true […]
Despite the COVID-19 pandemic, we here at McCarty Law are still up and running! To be safe, however, all but a handful of employees are working remotely from home. So if you’ve suddenly got some downtime and have been thinking about preparing or updating your estate plans, please let us know! While we normally would […]
As our nation and the world deals with the Covid-19 (coronavirus) pandemic, divorce and separated parents face many unique challenges. Most people, including our children, have experienced major changes in their daily lives. Some people are working more hours than ever before, for example, healthcare workers and grocers. Others are now working from home and […]
It still isn’t law yet. The “Coronavirus Aid, Relief, and Economic Security Act” or “CARES Act” passed in the U.S. Senate last night. It still needs to be passed by the House, which is expected to convene Friday morning for a vote. President Trump has indicated he will sign it into law immediately once it […]
The bill isn’t law yet. The Senate has announced it has struck a deal on a $2 trillion coronavirus stimulus bill, which it expects to pass this afternoon. However, the bill will also need to be passed in the House, which is unlikely to vote on it today, and which has not yet indicated it […]