A Presidential Proclamation was issued June 22, 2020, that extends the suspension on some immigrant visa entries and also suspends new entries for some individuals seeking L-1, H-1B, H-2B, or J-1 nonimmigrant work visas. The proclamation goes into effect at midnight (Eastern Time) on June 24, 2020 and will last through December 31, 2020. The effect Read More »
On May 17, 2020, the New York State Department of Health and New York State Department of Labor jointly issued guidance (the "Guidance") addressing health care employee eligibility to take leave under New York's COVID-19 Sick Leave Law. As we described in a previous alert, (https://bhlawpllc.com/publication/new-york-state-paid-sick-leave-and-covid-19/), New York State enacted this legislation in March 2020, Read More »
The Bousquet Holstein Brownfields Practice Group is proud to be a sponsor of The Center for Creative Land Recycling ’s (CCLR) 5th Annual Redevelopment Summit. This annual event is the largest convening of community, municipal and redevelopment professionals focused on the beneficial reuse of blighted properties for economic revitalization. Like past years, the Summit will deliver an unparalleled Read More »
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 »
The Paycheck Protection Program Flexibility Act is effective June 5, 2020, and modifies and relaxes some of the loan conditions in the CARES Act. Approximately $100 billion in loans are still available, and currently applications must be received by June 30, 2020. More Time: Effective for all PPP loans, this law extends several time periods Read More »
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 »
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 »
Across the country, businesses are reopening and adapting to the COVID-19 pandemic. In doing so, however, businesses must keep in mind new data security regulations from New York that could impact their operations. As of March 21, 2020, New York may penalize qualifying businesses that fail to implement "reasonable safeguards" over collected data or fail Read More »
The SBA released the much-anticipated SBA Form 3508, the application required for forgiveness of the Paycheck Protection Program ("PPP") loan. A borrower must submit a loan forgiveness application to its lender, not the SBA. The application includes very detailed instructions for determining the amount of the PPP loan that may be forgiven. There are four Read More »
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 »