Last week, the Federal Reserve updated the terms of its Main Street Lending Program (MSLP) with its first set of guidance to expand the scope of available loan options and the pool of eligible borrowers. You can find our recaps of the Federal Reserve's initial announcement of the program and Continue Reading
HHS Updates Provider Relief Fund General Distribution FAQs – Extends Attestation Deadline to 45 Days
The U.S. Department of Health and Human Services (HHS) has updated its Frequently Asked Questions (FAQs) regarding the $50 billion general allocation from the Provider Relief Fund and has extended the deadline for health care providers to attest to receipt of payments and acceptance of Continue Reading
COVID-19 and Your IP on Amazon
The COVID-19 pandemic may have had an adverse impact on your brick-and-mortar retail sales, but hopefully has resulted in an uptick in your online retail sales. And when it comes to online retail sales, Amazon is the river, the rainforest, and the A to Z of all things online sales. Below are five Continue Reading
Estate Planning Weekly COVID-19 Update – 05.05.20
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
How Bermuda Prepared Me for Living in Tennessee
Recent severe storms with tornadoes causing extensive damage and several casualties in our area have reminded us that NOW is the time to prepare – if we haven't already. Before moving to Chattanooga two years ago, I had the privilege of living in the beautiful islands of Bermuda for 32 Continue Reading
Recent Guidance Presents Unforeseen Challenges with PPP Forgiveness
Like thousands of other businesses across the country, many of you reading this article have applied for and received (or will hopefully soon be receiving) assistance funds through the Small Business Association's (SBA) Paycheck Protection Program (PPP). In addition to the other health care-specific Continue Reading
CMS Announces Further Round of Regulatory Waivers and Flexibilities to Address the COVID-19 Pandemic
On Thursday, April 30, 2020, CMS announced a second round of regulatory waivers and flexibilities to address the COVID-19 pandemic. Information on the new waivers and flexibilities, as well as provider-specific fact sheets, are now available on the CMS website. These changes are numerous, and we Continue Reading
No Deduction for Expenses Paid with Forgiven Loan Proceeds Under the Paycheck Protection Program
As many businesses that applied for loans under the Paycheck Protection Program (PPP) are now receiving funding, questions are arising as to whether business expenses paid with forgiven PPP loan proceeds would also be tax deductible. If so, the borrower would have no taxable income from Continue Reading
Federal Reserve Expands Scope and Eligibility of Main Street Lending Program
On April 30, 2020, the Federal Reserve announced changes to its Main Street Lending Program that will expand the loan options available to businesses and increase the maximum size of the companies that are eligible for support under the Program. Key Changes to Original Terms of the Continue Reading
Estate Planning Weekly COVID-19 Update – 04.28.20
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