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April 2020

The New Employee Retention Payroll Tax Credit
Apr 27 2020
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The New Employee Retention Payroll Tax Credit

Posted by Posted in Risk & Asset Protection
The landmark $2.2 trillion CARES Act passed by Congress was designed to try and help support U.S. businesses and workers during the Coronavirus pandemic. The massive legislation includes an array of financial incentives and loan programs for business owners, including people who own startup businesses. One of these provisions is the Employee Retention Payroll Tax Credit.  This credit is designed to help businesses, including startups, retain employees, even in the face of steep declines in…
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business lawyer in Los Angeles
Apr 12 2020
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Does Your Startup Qualify for a Loan Through the New Paycheck Protection Program?

Posted by Posted in Compliance & Securities
If your startup is struggling in the midst of the COVID-19 pandemic, you are not alone. Many startups and small businesses have been hit hard due to the deadly Coronavirus. In an effort to help support businesses, employees, and your average American, Congress passed the  Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). If you own a startup in or around Los Angeles and are concerned during this difficult period, you may be…
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Payroll protection program
Apr 02 2020
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Payroll Protection Program Loan Forgiveness Limitations

Posted by Posted in Compliance & Securities
On March 27, 2020, the Corona Virus Relief and Economic Security Act (“CARES Act”) became effective.  Included within the CARES Act is the Paycheck Protection Program (“PPP”), which authorizes the Small Business Administration (“SBA”) to guarantee loans to certain eligible small businesses.  One of the unique features of the PPP loans is that, unlike traditional SBA loans, the lender may request to have the principal amount of the loan forgiven.  There are limitations on the…
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