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
NJ & NY PHYSICIANS THAT WANT TO HELP WITH THE COVID-19 CRISIS: WHAT YOU NEED TO KNOW
New Jersey Executive Order No. 112 and New York Executive Order No. 202.10 As of April 9, 2020, according to the Centers for Disease Control and Prevention, New Jersey and New York had reported a total of 196,753 cases of COVID-19. Accordingly, the governors of the states of New Jersey and New York recently signed…
Read more