COVID-19 Resources: Business or Municipal

News

COVID-19 Updates: Guidance on PPP Issues

access_time Posted on: July 2nd, 2020

Guidance on PPP Issues The Small Business Administration (SBA) have provided guidance on PPP issues as they provide more information and answer questions. This article will cover the following topics: Calculating Maximum Loan Amount by Business TypeIFR regarding Calculation of Payroll Costs of Certain Fishing Boat OwnersIFR Additional Eligibility Revisions to First Interim Final Rule regarding Felony ConvictionsUpdated FAQ’s The Small Business Administration (SBA) have provided guidance to assist businesses in calculating payroll costs to determine the amount of a Paycheck Protection Program (PPP) loan for which they may apply. Follow the link below to learn more. Updated Loan Amount… read more »

Charitable Remainder Trusts Boost Philanthropy, Defer Taxes

access_time Posted on: July 2nd, 2020

Charitable remainder trusts or “CRTs” are not as commonly utilized as in years past. Declining income tax rates, an increasing federal estate tax exemption, and decreased impact of the charitable donation tax deduction have combined to rob the CRT of some of its effectiveness. However, for philanthropic-minded donors who own the right kind of assets, a CRT can be exactly the right tool to defer or defeat capital gain or income tax, and at the same time create a charitable legacy for the community that sets an example for the family’s next generation.    Tom and Ann are retired and want to make… read more »

YCEA y CGA Manual Legal para la Comunidad Latina

access_time Posted on: June 30th, 2020

CASA, 225 East Princess Street, York, Pennsylvania 17403 REGÍSTRATE AHORA La abogada, Liliana García Fisher de CGA Law Firm, ofrecerá una cartilla legal atractiva e interactiva sobre temas enviados anónimamente por parte de miembros de la comunidad Latina. Los temas de conversación incluyen la contratación de un abogado, el manejo de citaciones penales/de tráfico, problemas de bienes y racices, los pasos correctos a seguir cuando surge una demanda, la preparación de un testamento, la respuesta a preguntas sobre contratistas, la comprensión de los asuntos del propietario e inquilino y mucho más. Únase a la abogada, Liliana García Fisher de CGA… read more »

COVID-19 Update: Pennsylvania Small Business Grants NOW OPEN!

access_time Posted on: June 29th, 2020

The COVID-19 Relief Pennsylvania Statewide Small Business Assistance program has been established to provide grants ranging from $5,000 to $50,000 for small businesses impacted by COVID-19. There will be several rounds of funding. The first application window is open for ten days beginning on June 30th.   Visit the new website below for details on the various Pennsylvania small business grants available. PA Business Grants Website be physically located, generating at least 51% of revenues, and certified to do business in Pennsylvania; have no more than 25 employees prior to February 15, 2020; andhave annual revenues below $1,000,000 prior to COVID impact. Operated and… read more »

Pennsylvania Bar Institute Half-Day Webinar on Restrictive Covenants and Trade Secrets

access_time Posted on: June 25th, 2020

Restrictive Covenants and Trade Secrets On Monday morning, July 27, 2020, the Pennsylvania Bar Institute will hold a half-day webinar on Restrictive Covenants and Trade Secrets, which will feature Attorney Christine Nentwig, Co-Chair of CGA’s Labor and Employment Department, and Attorney Jeff Worley from Gibbel, Kraybill and Hess, presenting a session titled, No-Hire/No-Poach Agreements: The Latest Developments. The rapidly evolving law surrounding no-hire/no-poach agreements has the potential to affect businesses of all sizes in a wide range of industries, and the session will provide important, practical updates on current Department of Justice and Federal Trade Commission guidance regarding such agreements, the… read more »

YCEA and CGA Legal Primer for the Latino Community

access_time Posted on: June 23rd, 2020

Location: 225 East Princess Street, York, Pennsylvania 17403 REGISTER NOW The York County Economic Alliance and CGA Attorney Liliana Garcia Fisher will provide an engaging and interactive legal primer on topics submitted anonymously from members of the Latino community.  Conversation topics include hiring an attorney, handling criminal law/traffic citations, managing real estate issues, taking the correct steps when you’re sued, preparing a will, addressing contractor questions, understanding landlord/tenant matters, and much more.  Join CGA Attorney Liliana Fisher for an enjoyable and informative working-lunch during which she will provide insight, answer questions, and share valuable tips. We look forward to seeing you there!… read more »

COVID-19 Update: New Information Regarding SBA’s Two Biggest Stimulus Programs

access_time Posted on: June 22nd, 2020

The U.S. Small Business Administration (SBA) has posted a significant quantity of new information over the past several days. In this article we will provide a basic overview of this new information with links to primary sources with more details and applications. We will begin with a review of the purpose of the SBA followed by updates on their two biggest stimulus programs for small businesses: the Economic Injury Disaster Loan (EIDL) and the Paycheck Protection Program (PPP). Updates to these programs include reopening the EIDL and EIDL Advance portal, new PPP Interim Final Rules (IFRs), and the new EZ and revised full… read more »

COVID-19 Update: New Interim Final Rules and Forms

access_time Posted on: June 19th, 2020

When a government agency such as the SBA has good reason to issue a final rule before publishing a proposed rule, it issues the rule as an “interim final rule,” or “interim rule.” Interim rules becomes effective as soon as they are published. The SBA’s new Interim Final Rules (described briefly below) were created to implement the PPP Flexibility Act and offer additional guidance to both borrowers and lenders. On June 5, 2020, the PPP Flexibility Act, which amended the CARES Act (see above), was signed into law. This IFR changed key provisions in the CARES Act such as deferral of loan payments, loan maturity, and forgiveness provisions. The provisions… read more »

New EZ and Revised Full Forgiveness Applications for the Paycheck Protection Program Announced

access_time Posted on: June 18th, 2020

The U.S. Small Business Administration (SBA) and the Department of the Treasury posted a revised Paycheck Protection Program (PPP) loan forgiveness application that is more borrower-friendly.  The SBA, in addition to revising the full forgiveness application, has also published a new EZ version of the forgiveness application. Are self-employed with no employees; ORDid not reduce the wages or salaries of their employees by more than 25%, and did not reduce the hours of their employees; ORExperienced reductions in business activity due to COVID-19 health directives and did not reduce the wages or salaries of their employees by more than 25%. … read more »

COVID-19 Update: EIDL and Advance Program Reopened to All Eligible Applicants

access_time Posted on: June 16th, 2020

To meet the needs of small businesses and non-profits, the U.S. Small Business Administration (SBA) today reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible small businesses and nonprofits experiencing economic impacts due to COVID-19. SBA’s EIDL program provides low interest, long-term assistance for small businesses or non-profit organizations.  These loans help alleviate temporary loss of revenue and can be used to fund expenses, pay debt, and cover payroll and inventory.  The EIDL Advance offers up to $10,000 ($1,000 per employee) of emergency relief to businesses experiencing temporary difficulties, and these emergency funds do not need to be… read more »