This weekly COVID-19 update is brought to you by our Chambliss Estate Planning team. We are sharing articles, legal developments, external resources, and tips for coping during these uncertain times. Each weekly issue will cover various trends of vital interest in the world of estate planning, elder Continue Reading
Latest Highlights for PPP Loan Forgiveness – 24-Week Covered Period, EZ Application, Owner-Employee Details, & More
The Small Business Administration (SBA) and Treasury Department have issued a new interim final rule, as well as a revised Paycheck Protection Program (PPP) loan forgiveness application and instructions, and an "EZ" loan forgiveness application (details on that below). The Continue Reading
Employers Prohibited From Making Employment Decisions Based on Homosexuality and Transgender Status
In a long-awaited landmark decision, the U.S. Supreme Court today held that Title VII of the Civil Rights Act of 1964 prohibits discrimination on the basis of an employee's homosexuality or transgender status. The effect of the Court's 6-3 ruling is that going forward, discriminating against or Continue Reading
HHS Clarifies Provider Questions on Attestation, Payment Portal, and Targeted Distributions
This week, the U.S. Department of Health and Human Services (HHS) issued two additional rounds of updates to its Frequently Asked Questions (FAQs) regarding distributions from the Provider Relief Fund. These updates—released on June 8 and 9 and consisting of 50 new or modified FAQs—provide clarity Continue Reading
Challenges to Reopening Dental Clinics in COVID-19 Environment
Almost every industry has been hit hard by the effects of COVID-19, and the dental industry is no exception. While an increased emphasis on telehealth has been a notable byproduct of the current crisis, dental health care personnel (DHCP) are typically not able to work from home, making the Continue Reading
Main Street Lending Program Changes Loan Terms to Benefit Small Businesses
On June 8, 2020, the Federal Reserve Board (the Board) announced changes to certain primary loan terms for the Main Street Lending Program. These changes are intended to allow more small and medium-sized businesses to participate. The Board lowered the minimum loan amount to address concerns of Continue Reading
Estate Planning Weekly COVID-19 Update – 06.10.20
This weekly COVID-19 update is brought to you by our Chambliss Estate Planning team. We are sharing articles, legal developments, external resources, and tips for coping during these uncertain times. Each weekly issue will cover various trends of vital interest in the world of estate planning, elder Continue Reading
SBA and Treasury Issue Initial Regulations Implementing PPP Flexibility Act
Late on June 10, 2020, the Small Business Administration (SBA) and Treasury Department issued the 17th "interim final rule," providing the initial regulations to implement the Paycheck Protection Program Flexibility Act (Flexibility Act), which became law last week. These new regulations provide Continue Reading
Significant Estate Planning Changes Under SECURE and CARES Acts
Both the SECURE Act and CARES Act are filled with important changes related to estate planning. The Secure Act (Setting Every Community Up for Retirement Enhancement Act), enacted in December of 2019, carries significant updates for retirement asset planning, especially with the elimination of Continue Reading
Estate Planning Implications of SECURE Act and CARES Act
The SECURE Act (signed into law on December 20, 2019) changed many of the established rules applicable to retirement assets – most notably, elimination of "stretch" required minimum distributions (RMDs). Likewise, the CARES Act was signed into law on March 27, 2020, to provide economic relief to Continue Reading