Blog

Many businesses starting to re-open are not at 100% capacity or are subject to restrictions which causes them to need less labor.  In New York, there is a Shared Work program which allows employers to keep their employees while allowing them to receive partial Unemployment...

The Tax Commissioner’s authority to abate interest, in addition to late filing and payment penalties, for taxpayers who were required to file returns and remit sales and use taxes by March 20, 2020, for the sales tax quarterly period that ended February 29, 2020, was scheduled to expire...

Early recipients of the Paycheck Protection Program (PPP) are now at the half way point of the 8 week use of funds period.   The SBA has just released its first version of the Paycheck Protection Program Loan Forgiveness Application.  The application includes some needed clarifications,...

How will SBA review borrowers’ required good-faith certification concerning the necessity of their loan request? Answer: When submitting a PPP application, all borrowers must certify in good faith that “[c]urrent economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant.” SBA, in consultation...

Newsletters

Skip to content