Individual Provisions of the Coronavirus Stimulus Package
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
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
MEMO To: Our Clients and Friends From: Anne B. Ruffer, Chair of Executive Committee Date: March 30, 2020 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, […]
Read MoreUSDOL ISSUES CLARIFYING GUIDANCE REGARDING SMALL BUSINESS EXEMPTION UNDER THE FAMILIES FIRST CORONAVIRUS RESPONSE ACT
The USDOL has issued guidance clarifying when the small business exemption applies to exclude a small business from the leave provisions of the Families First Coronavirus Response Act (FCCRA), including both the Emergency Paid Sick Leave Act (EPSL) and Emergency Family and Medical Leave Expansion Act (EFMLA). By way of reminder, the EPSL provides for […]
Read MoreUNITED STATES DEPARTMENT OF LABOR PROVIDES GUIDANCE ON FAMILIES FIRST CORONAVIRUS RESPONSE ACT
The United States Department of Labor (USDOL) has been providing updated guidance for workers and employers explaining paid sick leave and expanded FMLA benefits under the Families First Coronavirus Response Act (FFCRA). Of particular assistance is a Q&A addressing many critical FFCRA issues, including the scope of small business exemptions, the circumstances under which leave […]
Read MoreSmall Business Bankruptcy Provisions in the Proposed “Coronavirus Aid, Relief, and Economic Security Act”
At the time of this writing, the Senate has now passed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) and the bill now awaits final approval by the House of Representatives and the President to be enacted into law. In addition to the well-publicized provisions providing direct financial relief to individuals and making […]
Read MoreCoronavirus Causes Governor to Toll the Statute of Limitations in New York
Coronavirus Causes Governor to Toll the Statute of Limitations in New York The Coronavirus is impacting all aspects of our lives, and after an Order issued by Governor Cuomo on March 20, 2020, this includes temporary limitations on which lawsuits can be filed and when. By way of background, on March 7, 2020, Governor Cuomo […]
Read MoreNEW YORK PROVIDES FOR ADDITIONAL PAID SICK LEAVE AND OTHER BENEFITS FOR EMPLOYEES UNDER COVID-19 QUARANTINE ORDER
On March 18, 2020, Governor Cuomo signed into law a statewide Coronavirus response bill that immediately provides for additional paid sick leave, unpaid leave, as well as an expansion of the state’s paid family leave and disability benefits, to certain employees who are “subject to mandatory or precautionary orders of quarantine or isolation” related to COVID-19 […]
Read MoreFederal “Families First Coronavirus Response Act” Signed into Law: What Does it Mean for Employers?
After a few days of negotiation, the federal “Families First Coronavirus Response Act” (Act) passed the Senate and was signed into law by President Trump late Wednesday. Of particular importance to employers are provisions related to paid sick leave and paid Family Medical Leave Act (FMLA) leave. Both provisions will become effective not later than […]
Read MoreFour Quick Tips For Small Businesses During the Corona Virus Epidemic
So you’ve followed all the CDC guidelines, obeyed the orders issued by Governor Cuomo, and heeded the advice of my colleague Chris Jones with the same fanatical devotion as a samurai obeying his master. (https://mackenziehughe.wpengine.com/blog/new-york-provides-for-additional-paid-sick-leave-and-other-benefits-for-employees-under-covid-19-quarantine-order/). But most companies in the US are heavily indebted, and almost all companies’ cash flow will be reduced to a […]
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Mary Anne Cody
Mackenzie Hughes LLP
(315) 233-8239
mcody@mackenziehughes.com
Nick Zappia
ABC Creative Group
(315) 471-1002 x28
nick@abcideabased.com