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PPP Round Deux Update

On December 27, 2020, the President signed the Consolidated Appropriations Act of 2021, which includes the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the “Act”). The Act allows a “Second Draw” of...more

PPP Round Deux: Who Qualifies, For How Much, and Forgiveness Changes

While the President vetoed the 2021 NDAA—and has put COVID relief into question—he has not yet acted on the Consolidated Appropriations Act, 2021, which contained the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and...more

Unsure Whether You’ll Lose Tax Deductions for a Forgiven PPP Loan? Wait Until 2021 to File for Forgiveness

As it hashes out the details of the next COVID-19 relief package, Congress is facing pressure from business groups to allow businesses to write off expenses covered by forgiven Paycheck Protection Program (PPP) loans. The...more

SBA Releases Loan Necessity Questionnaire for PPP Borrowers

On October 26, 2020, the Small Business Administration (SBA) issued a notice in the Federal Register that, among other updates, announced two new forms, 3509 and 3510 (the Forms),  related to the Paycheck Protection Program...more

Weekly Update Newsletter - September 2020

GOVERNMENT CONTRACTS - SBA Releases Fiscal Year 2019 Procurement Scorecard - The Small Business Administration (SBA) released its Fiscal Year 2019 Small Business Federal Procurement Scorecard, which tracks, assesses,...more

SBA Issues More New Guidance on PPP Loan Forgiveness

In a new FAQ published on August 4, 2020 (found here), SBA clarified some additional points from the use of scanned documents to support the application to the forgiveness eligibility of costs incurred or paid during the...more

Weekly Update Newsletter - July 2020 #3

CYBERSECURITY & DATA PRIVACY - CMMC Heads to the STARS: Important Cybersecurity Provisions in GSA's 8(a) STARS III RFP - One of the hottest topics for government contractors is the General Services Administration’s...more

Weekly Update Newsletter - July 2020

LABOR & EMPLOYMENT LAW - DC Launches Paid Family Leave Program July 1—What Employers Need to Know - Employees in DC are now eligible for paid family leave pursuant to the DC Paid Family Leave Act. Below is our brief...more

Senate Passes PPP Loan Application Deadline Extension, More Than $130 Billion Still Unclaimed

Last night, the Senate unanimously passed a bill that would extend the Small Business Administration's (SBA) Paycheck Protection Program (PPP) application deadline through August 8, 2020. The bill is now set to be taken up by...more

Weekly Update Newsletter - June 2020 #2

Juneteenth: A National Day of Reflection - The PilieroMazza family paused to reflect and take a collective breath in remembrance of this day in our country’s history. Working with PilieroMazza’s Diversity, Equity & Inclusion...more

Weekly Update Newsletter - June 2020

SMALL BUSINESS PROGRAMS & ADVISORY SERVICES - CARES Act Section 3610 – Part 1: Confusion and Shifting Sands - Defense Pricing and Contracting issued draft instructions and requirements for contractors submitting funding...more

Treasury and SBA to Make Changes Regarding Enactment of PPP Flexibility Act

On May 28, 2020, we wrote about the Paycheck Protection Program Flexibility Act (the Act), a new piece of legislation introduced in the House of Representatives. The Act’s intended purpose was to give employers more latitude...more

Congress Approves Significant Changes to SBA's Paycheck Protection Program

As we reported in our previous alert, the bipartisan bill the Paycheck Protection Program Flexibility Act of 2020, was passed on May 28, 2020 by the House of Representatives. Last night, the Senate passed the bill, which now...more

Weekly Update Newsletter - May 2020 #2

LABOR & EMPLOYMENT LAW - Creating a New Normal: 5 Steps for Employers Preparing a Returning Workforce in a COVID-19 Environment, May 21 - As government authorities slowly begin the reopening process, employers are now...more

House Passes Legislation Modifying Existing PPP Regulations

On May 28, 2020, the U.S. House of Representatives passed the Paycheck Protection Program Flexibility Act of 2020 (the Act), new legislation meant to provide additional assistance to small businesses and loosen regulations...more

The Paycheck Protection Program Loan Forgiveness Application: Cracking the Code and Deciphering the Confusion

As noted in our previous alert, SBA recently released its long-awaited PPP Loan Forgiveness Application. Unfortunately, the Forgiveness Application is difficult to understand and complete. To help crack the code, we have put...more

CARES Act Section 3610 – Part 2: A Rock and A Hard Place

In this second part of our blog series on the CARES Act Section 3610 (visit this link for Part 1), we move on to the conflicting information out there, and the basis of one of the most frequently asked questions we receive:...more

CARES Act Section 3610 – Part 1: Confusion and Shifting Sands

As we noted previously, last week Defense Pricing and Contracting issued draft instructions and requirements for contractors submitting funding requests under Section 3610 of the CARES Act. These requirements contain some...more

DOD Issues New CARES Act, Section 3610 Guidance

Guidance from the Department of Defense (DOD) has finally been issued related to Section 3610 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which allowed for payments to federal contractors to keep...more

SBA Issues Long-Awaited PPP Loan Forgiveness Application

SBA recently issued its 11-page Paycheck Protection Program Loan Forgiveness Application, linked here. The application walks borrowers through a step-by-step process to determine loan forgiveness amounts based upon the...more

Weekly Update Newsletter - May 2020

State-by-State Business Reopening Guidance - To help track reopening differences across each state and provide the latest guidance and information to employers, the U.S. Chamber of Commerce has launched an interactive map...more

SBA, Treasury Issue New Guidance Concerning Good-Faith Certification on the Necessity of Their Loan Request

On May 13, 2020, the Small Business Administration (“SBA”) and Treasury Department (“Treasury”) released new guidance concerning good-faith certification for Paycheck Protection Program (“PPP”) loan requests. This new...more

House Introduces New Legislation Allowing Startups To Access PPP Funding

On May 8, 2020, Congresswomen Anna Enshoo and Cathy McMorris introduced the Caring for Startup Employees Act of 2020, a bipartisan piece of legislation aimed at granting more economic assistance to startup companies through...more

House Introduces Legislation To Modify Existing PPP Regulations

On May 11, 2020, Congressmen Chip Roy and Dean Phillips introduced the Paycheck Protection Flexibility Act, new legislation meant to provide additional assistance to businesses impacted the coronavirus pandemic. This bill...more

New Senate Bill Could Make PPP Expenses Tax Deductible

On May 6, 2020, members of the Senate Finance Committee introduced the Small Business Expenses Protection Act of 2020 (“the Act”), legislation that would allow some small businesses to deduct from their taxes expenses paid...more

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