FIREWORKS IN 2020! UPDATE: Do not bring in fireworks from Pennsylvania! Late on Monday, June 29, 2020 Governor Cuomo announced that he was “directing the New York State Police to establish a temporary Fireworks Enforcement Detail to stop illegal fireworks being brought to New York from Pennsylvania. This is in response to a spike of…
GAY RIGHTS ARE CIVIL RIGHTS (NY Times editorial headline 6/16/2020) On Monday, June 15, 2020, the United States Supreme Court issued a decision which extended workplace protections to millions of people across the United States. Justice Gorsuch, writing for a 6-3 majority, ruled that federal law prevents employers from firing workers for being lesbian, gay,…
ORANGE COUNTY FUNDING CORPORATION LAUNCHES SMALL BUSINESS RESILIENCY LOAN The Orange County Funding Corporation, an entity affiliated with the Orange County Industrial Development Agency, has launched the Small Business Resiliency Loan program aimed at assisting small businesses located in Orange County, New York. Further information can be found here. A fund of $500,000 has been…
SBA ISSUES PAYCHECK PROTECTION PROGRAM GUIDANCE FOR THE SELF EMPLOYED The Small Business Administration issued long-awaited guidance on April 14, 2020, as to how people with self-employment income can apply for benefits under the Paycheck Protection Program. This applies to sole proprietors and independent contractors who report their income on Schedule C of IRS Form…
PAYCHECK PROTECTION PROGRAM UPDATES Sole Proprietors and Independent Contractors The Paycheck Protection Program (PPP), the primary relief program for small businesses under the CARES Act, becomes available to sole proprietors and independent contractors on Friday, April 10. SBA lenders are supposed to begin accepting applications on that day. Until now, those lenders were only…
TAPPING INTO YOUR 401(k) DURING COVID-19 The coronavirus pandemic has reduced income to millions of Americans. As part of the CARES Act, Congress enacted special rules pertaining to early withdrawals and loans from tax-favored savings vehicles like 401(k) and IRA accounts. Withdrawals Previously, an early withdrawal from a 401(k) or IRA was subject to a…
AN IMPORTANT TIP FOR MUNICIPALITIES USING ZOOM FOR PUBLIC MEETINGS UNDER NYS GOVERNOR’S GUIDANCE Following Governor Cuomo’s Executive Order 202.6, many municipalities are using Zoom to comply with the requirement that remote meetings be made available to the public. We want you to be aware of one potential complication of doing so. Today’s Daily Freeman…
THE CARES ACT PAYCHECK PROTECTION PROGRAM The Coronavirus Aid, Relief, and Economic Security (CARES) Act Paycheck Protection Program will likely be one of the more popular programs included in the federal stimulus bill that was just signed into law. Congress wants to help small business employers maintain high employment by offering loans from Small Business…
CORONAVIRUS RESOURCE PAGE For the past several months, the firm has remained fully operational and continued to provide seamless, high quality legal services to our clients. As we move forward, we want our clients to know that our full-service team is available to provide you with the assistance you need in whatever format makes the…
ATTENTION PROPERTY OWNERS OF RESIDENTIAL, MULTIFAMILY, AND INVESTMENT PROPERTIES Recent changes in landlord tenant-laws in New York have been impactful for property owners of residential, multifamily, and investment properties. Of particular significance has been the Housing Stability and Tenant Protection Act of 2019 (“HSTPA”), signed into law on June 14, 2019. HSTPA has impacted almost…
