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 »

2020-2021 NYS Enacted Budget Requires Prevailing Wage on Industrial Development and Local Development Corporation Projects

Pursuant to the enacted 2020‐2021 NYS Budget (the "Budget"), covered projects undertaken by industrial development agencies ("IDAs") and local development corporations ("LDCs") will be subject to prevailing wage, effective January 1, 2022. A "Covered Project" is any construction work done under contract that is paid for in whole or in part out of public funds where the Read More »