Paycheck Protection Program (PPP) Frequently Asked Questions Regarding Spending Loan Proceeds How can my business use PPP funds? The purpose of the PPP is to help you retain your employees, at their current base pay, and cover other essential business expenses like rent, mortgage or utility payments. You may use as much as you want…
Read more
Paths to Profits: Virtual Summit – April 30, 2020, 8:30 am – 3:30 pm.
Receive Expert Guidance, Resources & Tools to Keep Your Business Thriving During and After the COVID-19 Pandemic. OlenderFeldman is pleased to sponsor and participate directly in this upcoming Zoom event hosted by the Business Innovators Alliance. The Firm’s Employment Practices Partner, Howard A. Matalon, will be live during this outreach program to provide practical guidance…
Read more
Paycheck Protection Program Second Interim Final Rule Summary – April 16, 2020
On April 14, 2020, the SBA released a second interim final rule clarifying various aspects of the Paycheck Protection Program (PPP). Individuals with self-employment Income who File a Form 1040, Schedule C are eligible for a PPP loan if: (i) they are in operation on February 15, 2020; (ii) are an individual with self-employment income…
Read more
NY SHIELD ACT NOW IN EFFECT – APPLIES TO BUSINESSES OUTSIDE OF NY AND IMPOSES SECURITY REQUIREMENTS
Though many of you may have missed it for obvious reasons, the New York Stop Hacks and Improve Electronic Data Security (“SHIELD”) Act became effective on March 21. In short, the SHIELD Act amended and strengthened New York’s data breach laws to include application to businesses outside of New York, impose security requirements, and otherwise…
Read more