Firm News
SBA Paycheck Protection Program Application Form Update
The SBA updated banks last night with a new Paycheck Protection Program Application form in the link below (as of this email). The revised form can be identified at the bottom left of the page referencing SBA Form 2483 04/20 (it was 03/20). If you completed, signed...
Interim Final Rule Issued on Paycheck Protection Program
Last night, the Small Business Administration (SBA) issued an interim final rule providing additional implementation guidelines and requirements for the Paycheck Protection Program (PPP). The SBA has made considerable changes from the original information provided and...
Nebraska to Accelerate Online Notary Access and Provide Regulatory Flexibility to Financial Institutions
In further response to the COVID-19 pandemic, on April 1, 2020, Governor Ricketts issued Executive Order 20-13 regarding online notary access and regulatory flexibility for financial institutions. (the "Order") Within the Order, Governor Ricketts enabled the Secretary...
Iowa Temporarily Eliminates In-Person Notary Requirement During COVID-19 Pandemic
On March 22, 2020, Governor Reynolds issued a Public Health Proclamation for the State of Iowa. Within the proclamation, Governor Reynolds temporarily eliminated the in-person notary requirement for the duration of the COVID-19 pandemic. (the "Waiver") To ensure...
Department of Labor’s Latest Guidance Regarding COVID-19 and the FFCRA
The U.S. Department of Labor ("DOL") has provided guidance on employers' obligations under the Families First Coronavirus Response Act ("FFCRA") through a series of Q & A's. Comprehensive regulations are forthcoming. The following summarizes the most pertinent...
Treasury Releases Form of PPP Application; Announces Applications Start April 3, 2020
Information revised and updated 04/03/2020 Today, the United States Treasury released information regarding the Paycheck Protection Program as well as the form of Application. General information regarding the Paycheck Protection Program from the Treasury can be found...
Business Tax Modifications and Payroll Tax Benefits Under the “Coronavirus Aid, Relief, and Economic Security Act”
On Friday, March 27, 2020, President Donald J. Trump signed into law the bi-partisan Coronavirus Aid, Relief, and Economic Security Act (the, “CARES Act”). Sections 2301 through 2307 of the Act help generate cash flow and liquidity to keep business going and maintain...
“Staying Ahead of the Curve”: Nebraska’s Efforts to “Win the War” Against COVID-19
In his March 31, 2020 Weekly Column, Governor Pete Ricketts addressed the efforts that the State of Nebraska has taken to limit the spread and "win the war" against COVID-19. In the column, the Governor discusses COVID-19 cases throughout the state, as well as some...
Retirement Plan Relief Under The CARES Act
The recently-enacted Coronavirus Aid, Relief and Economic Security Act (the "CARES Act") contains several provisions allowing individuals to gain access to their retirement plan funds as well as short-term funding relief for sponsors of defined benefit pension plans....
Employers Can Extend the Flexible Spending Account Run-Out Deadline Due to COVID-19
In response to the COVID-19 pandemic and related uncertainty, many employers are endeavoring to make lives easier for their employers and plan participants. Q: Can employers to extend the FSA reimbursement submission deadline? A: Yes, employers can extend the deadline...
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