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EMPLOYEE RETENTION CREDIT AS AN ALTERNATIVE TO A PAYCHECK PROTECTION LOAN
April 20, 2020 By: Clayton H. Hale, Jr
The popular Paycheck Protection Loan is not the only tax-free cash infusion provided to businesses by the CARES Act. Section 2103 of the Act provides an additional means for employers to obtain tax free cash to assist in retaining employees during the period of business contraction caused by the Corona virus government mandates. Section 2103…
Read moreFifth Judicial District To Expand Virtual Court Proceedings, but Still Limited
April 13, 2020 By: Christopher A. Powers
The COVID-19 pandemic has put much of daily life on hold, but there are positive signs that a return to normalcy, or at least the new normalcy, may not be far off. Since approximately March 30, 2020, Central New York’s Fifth Judicial District (encompassing Herkimer, Jefferson, Lewis, Oneida, Onondaga and Oswego Counties) has been operating…
Read moreGovernor Cuomo’s April 7th COVID-19 Executive Order Makes Remote Will Executions a (Virtual) Reality
April 10, 2020 By: Ryan T. Emery
“Update: Although offices can now be open and restrictions regarding in-person gatherings are starting to ease, the Governor has issued another executive order that extends the ability to do remote witnessing until August 5, 2020.” COVID-19 has brought estate planning to the forefront of the minds of many individuals, particularly at-risk populations such as senior…
Read moreGovernor Cuomo’s April 7th COVID-19 Executive Order and its Impact on the Business and Legal Affairs of New Yorkers
April 10, 2020 By: Ryan T. Emery
“Update: The statute of limitations extension discussed below has been extended further by the Governor until August 5, 2020.” On April 7, 2020, Governor Cuomo signed Executive Order 202.14 (“EO”) as part of New York’s continuing efforts to combat COVID-19. This new EO affects both individuals and businesses in a variety of ways. Extension of…
Read moreForce Majeure Contract Clauses in the Coronavirus Pandemic
April 8, 2020 By: W. Bradley Hunt
Countless contracts – for the sale of all kinds of goods and services – contain “force majeure” clauses. “Force majeure” – literally “superior force,” sometimes called an “act of God” – is an event beyond the control of the parties that prevents performance of a contract. Many contracts contain force majeure clauses providing that, should…
Read moreCustody in the Time of COVID-19
April 7, 2020 By: Jillian DiLaura McGuire
In the past month, New Yorkers have been told to shelter-in-place and self-quarantine in an effort to mitigate the spread of the COVID-19 virus and “flatten the curve.” Non-essential workers are working from home while others are unfortunately laid off or furloughed as businesses temporarily shutter their doors. It is an uncertain time for us…
Read moreUS CIS Implements Filing Procedures in Response to the Coronavirus Health Crisis Intended to Minimize Potential Adverse Immigration Consequences
April 6, 2020 By: Ramon E. Rivera
The Novel Coronavirus (also known as COVID-19) pandemic has had a devastating impact resulting in potential adverse consequences for anyone seeking immigration benefits during this time. One significant action taken by US Citizenship and Immigration Services (USCIS) in response to this crisis involves considering applicant or petitioner responses to Requests for Evidence (“RFE”), Notices of…
Read moreIndividual Provisions of the Coronavirus Stimulus Package
April 2, 2020 By: Ami S. Longstreet
There are numerous relief provisions for individual Americans in the Coronavirus Aid, Relief and Economic Security Act or the CARES Act. Below is a summary of them. REBATES TO INDIVIDUALS Rebates are available from the Federal Government for up to $1,200 for single individuals and $2,400 for married couples. Additionally a $500 rebate is available…
Read moreUsing CARES Act Funds As Financing For a Small Business Chapter 11 Bankruptcy
April 1, 2020 By: Neil J. Smith
One of the problems that prevents small businesses from using Chapter 11 bankruptcy more widely is the lack of affordable financing to fund operations while a Chapter 11 case is pending. Called Debtor in Possession (“DIP”) financing, financing for deeply distressed small companies that are experiencing an interruption in cash flow can be prohibitively expensive…
Read moreCOVID-19 TASK FORCE FORMED
March 30, 2020 By: Anne B. Ruffer
MEMO To: Our Clients and Friends Re: COVID-19: Mackenzie Hughes Task Force Prompted by the devastating effect that the Coronavirus (COVID-19) has had on the financial stability of the country, on March 27, the 2020 Congress passed the Coronavirus Aid, Relief, and Economic Security Act (the “Act” or “CARES”). Described as the…
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