IRS Extends Many Deadlines for Qualified Opportunity Funds

Recently released IRS Notice 2020-39, provides relief for qualified opportunity funds ("QOFs"), their investors and qualified opportunity zone businesses from many upcoming deadlines due to the Coronavirus.  Previously, the IRS extended the 180-day deadline for investors to invest capital gains into a QOF to July 15, 2020. https://bhlawpllc.com/publication/irs-extends-deadline-to-invest-in-a-qualified-opportunity-fund/ The Notice provides relief for the following: An investor Read More »

Tough Decisions: Rehiring Laid off and Furloughed Employees

As businesses reopen, owners are confronted with untold challenges.  Reopening and rehiring decisions are fraught with uncertainty in ordinary times but the governmental response to the pandemic adds additional considerations including: The impact on enhanced unemployment benefits.The need to accommodate employees as they cope with personal, child and elder care, and health concerns and demands.The Read More »

Taylor M. Nunez Joins Bousquet Holstein as Summer Associate

Bousquet Holstein PLLC is pleased to welcome Taylor M. Nunez to the firm’s 2020 Summer Associate program. Taylor is entering her final year as a Candidate for Juris Doctor at Syracuse University College Of Law and as a Candidate for Master of Public Administration at the Syracuse University Maxwell School of Citizenship and Public Affairs.  She is Read More »

Heightened Scrutiny for PPP Loans and Safe Harbor to Return PPP Funds

The Small Business Administration and U.S. Treasury Department responded to recent Congressional and media attention to businesses that received Paycheck Protection Program (PPP) loans. In public statements of Secretary Mnuchin and SBA's updated Frequently Asked Questions (FAQ) effective as of April 29, 2020, the government clarified its approach when auditing PPP loans.  A loan audit Read More »

Bousquet Holstein Attorneys Host COVID-19 Forum with Tompkins County Chamber of Commerce

In this time of uncertainty, businesses face massive challenges, with the landscape seeming to shift daily. Many are feeling information overload. To support regional businesses, a panel of attorneys at Bousquet Holstein are pleased to join with the Tompkins County Chamber of Commerce for another webinar in the COVID-19 Business Readiness Series on Friday, May 8th at 12:00 Read More »

More Funding Available for Employers to Meet Payroll

Federal legislation authorizing additional funding for employers, hospitals and healthcare providers confronting Covid-19 pandemic is effective April 24, 2020.  The Paycheck Protection Program Increase Act of 2020 ("PPPIA") is the fourth piece of major federal legislation adopted in response to Covid-19. NOTE: The Payroll Protection Program resumes Monday, April 27th at 10:30 AM EDT. The SBA will resume Read More »