Seigfreid Bingham News & Blog
COVID-19: Eastern Jackson County Announces Phase 1 of Recovery Plan
May 9, 2020By Curry Sexton
Jackson County, Missouri released guidelines for the first phase of its four-phase economy recovery plan (the “Plan”) on Wednesday. Phase one is set to begin on Monday, May 11, simultaneous with […]
COVID-19: Economic Development Council of Kansas City Now Accepting Loan Applications for KC Small Businesses
May 4, 2020By Curry Sexton
The Economic
Development Council of Kansas City (EDCKC), in partnership with the City of
Kansas City, Missouri (KCMO), recently announced that it is now accepting loan
applications to help ease some of the financial […]
IRS Won’t Allow Tax Deduction for Expenses Paid With Forgiven PPP Loan Funds
May 4, 2020
By Heath Hoobing & John Fuchs
On May 1, 2020, the Internal Revenue Service announced that business
expenses paid with a forgiven federal Small Business Act (SBA) loan are not
deductible. As we reported in a […]
COVID-19: Mayor Quinton Lucas Announces Kansas City, Missouri Phased Reopening Plan, 10/10/10 Rule
By Curry SextonApril 30, 2020
Mayor Quinton Lucas announced a plan Wednesday for a phased reopening
of Kansas City businesses and institutions that have been closed down during
the COVID-19 pandemic and related emergency order. Under the plan, […]
NCAA Takes Step Toward Allowing Student-Athletes to Earn Compensation Through Endorsements and Promotions
April 30, 2020By Curry Sexton and Greg Whiston
The NCAA Board of Governors announced Wednesday that it supports rule changes that would enable student-athletes to receive compensation for third-party endorsements, social media influencing, personal appearances, and […]
Penalties for Paycheck Protection Program Related Fraud
By: John Fuchs, Bailie Schnackenberg, and Char Heins
April 29, 2020
Recent publicity regarding large business entities obtaining millions of dollars in Paycheck Protection Program (“PPP”) loans has resulted in additional guidance from the Department of Treasury […]