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Enhanced Opportunities To Benefit From The Employee Retention Credit | McCarter & English, LLP

The Employee Retention Credit (ERC) was established by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) on March 27, 2020, to encourage businesses to keep employees on. ....

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What to do if your PPP loan isn't forgiven | Nation's Restaurant News

, in March 2020, has brought much needed relief to the restaurant industry.
The PPP came with a waiver of the affiliation rules set by the U.S. Small Business Administration to ensure more restaurants were able to take advantage of the financial assistance made available by the CARES Act and the additional assistance made available by the December 2020 Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues, or the Economic Aid Act.
Nevertheless, the pandemic’s effect on the restaurant industry has been devastating. An estimated 110,000 eating and drinking establishments closed their doors last year, and 2.5 million restaurant industry jobs disappeared. Last year’s sales were $240 billion below pre-pandemic forecasts, which have led some to describe 2020 as the worst year for the restaurant industry in history. ....

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Criminal and Civil Enforcement of PPP Loans

Criminal and Civil Enforcement of PPP Loans
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Why You May Want to Wait to File for PPP Loan Forgiveness and Other Tips - Update #9 | Schwabe, Williamson & Wyatt PC

Why You May Want to Wait to File for PPP Loan Forgiveness and Other Tips - Update #9 | Schwabe, Williamson & Wyatt PC
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Economic Aid Act – PPP Loan Program Reopened and Expanded | Ulmer & Berne LLP

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On December 27, 2020, the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (the “Economic Aid Act”) became law. The economy continues to struggle from the effects of the coronavirus pandemic. This new law provides additional support to many small businesses.
So far in the month of January alone, the Treasury Department (the “Treasury”) and the Small Business Administration (SBA) have issued over 200 pages of new interim final rules (the “Interim Rules”) and other written guidance related to modifications of the Paycheck Protection Program (PPP) by the Economic Aid Act. Except to the extent revised by the new Interim Rules, all previously announced Interim Rules and Frequently Asked Questions (FAQs) regarding the PPP continue to apply. ....

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