On February 22, 2021, the Biden administration announced several changes to the Paycheck Protection Program (“PPP”) recognizing that the initial round of the PPP left several very small businesses out while larger, well-connected businesses received funds quickly.  In an effort to reach smaller, minority-owned businesses and sole proprietors, and to ensure that these entities are not crowded out by larger borrowers, only businesses with fewer than 20 employees have an exclusive [...]

Attorney Jamye Lindsey has been elected to serve as 6th Judicial District Delegate on the Section’s Executive Committee by the NYSBA Trusts & Estates Law Section! Congratulations Jamye!!   Jamye will be responsible for representing the interests of all the Section estate and trust planning lawyers in the ten counties in the 6th District, working on regional continuing education programs and hosting events for current and prospective Section members.   The Trusts [...]

A. Employer Experience RatingThe New York State Department of Labor (DOL) issued an Order dated January 14, 2021 regarding unemployment experience rating charges during the COVID-19 pandemic. According to this Order, the employer account of an employer liable for unemployment contributions shall not be charged for the duration of the claim for benefits paid to a claimant during the COVID-19 pandemic. Such charges are to be made to the general account. The provisions of the Order apply to 100% of [...]

On January 20, 2021, the New York Department of Labor issued new guidance regarding the use of NY COVID-19 sick leave. This new guidance supplements prior guidance on the application of COVID-19 sick leave and all prior guidance remains in effect. The guidance provides the following information: (1)  An employee who returns to work after a period of mandatory quarantine or isolation does not have to be tested for COVID-19 before returning to work, except for nursing home staff.  [...]

How to Calculate Maximum Loan Amounts For First Draw PPP Loans and Second Draw PPP Loans and What Documentation to Provide – By Business Type The SBA issued guidance so the following business types may more accurately calculate their maximum loan amounts for First Draw PPP Loans and Second Draw PPP Loans: Self-employed, no employees Self-employed, with employees Self-employed farmer or rancher Partnerships S Corporations and C Corporations Nonprofit Organizations Nonprofit [...]