COVID-19 Resources: Business or Municipal

News

Creating Trusts for Beneficiaries with Special Needs

access_time Posted on: September 21st, 2020

Teenage Boy In Wheelchair Playing Basketball With Family Join CGA and the YCEA for a Virtual Leadership Luncheon on Thursday, September 24th at 12 p.m for information on creating trusts for beneficiaries with special needs.CGA Law Firm’s experienced estate law attorney, Tim Bupp, will provide an overview of the types and applications of special needs trusts, as well as the uses of Pa ABLE accounts to assist in estate and personal planning. A special needs trust is a wonderful tool that can empower a person with disability (“PWD”) and their family, by preserving access to benefits while at the same time protecting… read more »

Leadership York Named Attorney Frank Countess “Outstanding Alumnus of the Year 2020.”

access_time Posted on: September 17th, 2020

Each year, Leadership York recognizes one outstanding alumnus for their contributions to the greater good in our community. This year’s Outstanding Alumnus of the Year is Frank H. Countess. The Outstanding Alumnus of the Year selection committee is comprised of past recipients of Leadership York’s Alumnus of the Year award and Leadership York staff. Frank is a 1997 graduate of the Leadership Training Program (LTP) and since graduating has served on numerous committees and boards in the community. His committee service would be too lengthy to list, but we think you will enjoy seeing where he has served since he… read more »

On-Line Notary Should be Made Permanent

access_time Posted on: September 14th, 2020

In the early days of the COVID-19 epidemic, Pennsylvania Governor Tom Wolf and our Pennsylvania Legislature took action to assure public safety by legalizing on-line remote notary of Pennsylvania legal documents.  This foresighted action by our leaders has allowed Pennsylvanians to complete legal documents, safely and conveniently, without leaving their own home.  However, legalized remote notary is set to expire when the current declaration of emergency ends.  Our Legislature and Governor Wolf should act now to approve Senate Bill 1097, which will make remote notary permanent for all Pennsylvanians.  Remote notary began on March 25, 2020, when Governor Wolf enacted an executive order… read more »

COVID-19 Update: Gov. Wolf Renews COVID-19 Disaster Declaration

access_time Posted on: September 13th, 2020

On September 1, 2020, Governor Tom Wolf signed a second renewal of the 90-day disaster declaration for the COVID-19 pandemic. The emergency was originally declared on March 6, and this action is the second 90-day extension. The declaration extends protections for individuals and businesses during the ongoing pandemic. Protections include additional unemployment compensation, restrictions on eviction, an extension of licensing, and benefits for care workers and others who provide life-sustaining services to children, senior citizens, and other vulnerable residents.Act 15 Provisions Extended. Also extended are the provisions of Act 15 of 2020, under which municipalities can continue to take steps to assure safety… read more »

COVID-19 Update: CDC Issued an Order Preventing Evictions in Certain Cases

access_time Posted on: September 8th, 2020

The CDC has issued an Order preventing evictions in certain cases which went into effect on September 4, 2020.  In order to obtain protection under the Order, Tenants must provide a declaration to the landlord or property owner, under penalty of perjury.   Tenants must swear that they have tried to obtain government assistance, must fall within income restrictions set forth in the Order, and must be unable to pay rent due to loss of job or income or due to medical bills.  Tenants must also be making timely payments as close to regular rent as possible and show that eviction… read more »

Bankruptcy Exemptions

access_time Posted on: September 7th, 2020

Many people believe that personal bankruptcy, whether Chapter 7 or Chapter 13, will cause them to lose significant assets. While in some cases people may want to surrender assets, it is a rare case where people are forced to give up assets that they otherwise wish to retain. Retaining Your Residence and Non-Residential AssetsUnder Federal exemptions, each debtor can retain a residence with up to $25,150.00 in equity. For a married couple, all of these exemptions are doubled, such that a married couple can keep up to $50,300.00 worth of equity in their residence. “Equity” is the difference between the fair… read more »

COVID-19 Update: Deferral period for the Employee Portion of the Social Security Withholding Tax Begins Today

access_time Posted on: September 1st, 2020

Beginning today, employees within a certain pay threshold have the option to defer their Social Security witholding tax. The optional deferral period for the employee portion of the Social Security withholding tax (6.2%) is September 1st – December 31st. The deferral option is restricted to employees whose wages are less than $4,000 pre-tax during a bi-weekly pay period.  Guidance was issued late on Friday, August 28th by the Treasury and IRS (follow the link below). IRS and U.S. Treasury Guidance Employee payroll taxes include two separate taxes: Social Security and Medicare. These two taxes together are known as FICA (Federal Insurance Contributions Act) taxes… read more »

COVID-19 Update: Interim Final Rule Regarding Owners Compensation and Limitations on Forgiveness Eligibility

access_time Posted on: August 27th, 2020

The Treasury released a new Interim Final Rule (IFR) regarding owners compensation and limitations on forgiveness eligibility (see link below). PPP – Treatment of Owners and Forgiveness of Certain Nonpayroll Costs Owner Compensation. Owner-employees with less than a 5% ownership interest in a C or S-corp are not subject to the owner-employee compensation rules.   There are no exceptions to this rule, since the Treasury has determined that owners with less than 5% ownership have no “meaningful ability to influence decisions over how loan proceeds are allocated”. Compensation Limitations. The amount of loan forgiveness requested may not include business operations of… read more »

COVID-19 Update: Overview of SBA PPP Loan Forgiveness Platform for Lenders

access_time Posted on: August 27th, 2020

Small Business Administration (SBA) lenders have the opportunity to review the basics of PPP loan forgiveness and the SBA’s PPP Loan forgiveness platform on Thursday, August 27, 2020, at 11:00 a.m. On that day, the Federal Reserve System, Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), Conference of State Bank Supervisors (CSBS), and the National Credit Union Administration (NCUA) will host an interagency webinar for all SBA lenders who participated in the SBA PPP lending program.  During the webinar, interagency officials will give an overview of the SBA Paycheck Protection Program (PPP) Loan Forgiveness Platform. Provide… read more »

Best Lawyers Names Larry Young a Top Lawyer in America

access_time Posted on: August 21st, 2020

Best Lawyers® announced the 27th Edition of The Best Lawyers in America© on August 20, 2020. Lawyers named to The Best Lawyers in America publication were recognized by their peers in the legal industry for their professional excellence. For the 2021 Edition of The Best Lawyers in America, 9.4 million votes were submitted. We are delighted that Larry was among those to achieve this very special recognition. Best Lawyers is the oldest and most respected lawyer ranking service in the world. Best Lawyers lists are published in leading local, regional, and national publications across the globe. Congratulations, Larry, on this… read more »