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Recent Posts by rromanaux@olenderfeldman.com

PPP-Round 2

On December 27, 2020, the “Consolidated Appropriations Act, 2021” (“CAA”), was signed into law. The CAA modifies and reopens the U.S. Small Business Administration’s Paycheck Protection Program initially created under the CARES Act. The reopened Paycheck Protection Program is available through March 31, 2021 and is available for first and second-time applicants. Generally, PPP loans…
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Just the FAQs (Frequently Asked Questions) – Extension of FFCRA Benefits into 2021

On December 27, 2020, President Trump signed into law the Consolidated Appropriations Act, 2021, better known as the $900 billion COVID-19 rescue stimulus bill. Among other provisions, the final bill modifies the paid leave provided by the Family First Coronavirus Response Act ("FFCRA"). Under the FFCRA, certain employers were required to provide Emergency Paid Sick…
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Just the FAQs (Frequently Asked Questions) – Workers’ Compensation Benefits and COVID-19 in New Jersey

On September 14, 2020, New Jersey enacted legislation S2380 that provides COVID-19 related benefits to employees across the State. The new law creates a rebuttable presumption of workers’ compensation coverage for COVID-19 cases contracted by “essential workers” during the current COVID-19 pandemic. Notably, the new law is effective immediately and retroactive to March 9, 2020,…
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PPP Guidance- Loan Forgiveness and Change of Ownership

Effective October 2, 2020, SBA Employees and Paycheck Protection Program (“PPP) Lenders received an SBA Procedural Notice, outlining the required procedures for loan forgiveness for an entity that that is undergoing a change of ownership. For the Complete OlenderFeldman Memorandum outlining PPP Loan Forgiveness, Change of Ownership, and Borrower's Responsibilities, Click Here. For more information,…
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