Resources developed by Seigfreid Bingham regarding the novel coronavirus (COVID-19) pandemic which originated in Wuhan, China
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 previous
post, the federal CARES Act […]
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, a new
emergency order (the “Order”) […]
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 and the Small Business Administration […]
Additional Healthcare Provider Payments under the CARES Act
April 28, 2020
By Mark Opara and Emily Crane
On
March 27, 2020, President Trump signed the Coronavirus
Aid, Relief, and Economic Security Act (“CARES Act”) into law, allocating $100
billion in funding for eligible healthcare providers. Of this $100 billion, now
known as the CARES […]
Webinar – Employment and Stimulus Issues Overview related to COVID-19 Pandemic
This webinar was presented on April 17, 2020 by Seigfreid Bingham’s attorneys Shannon Cohorst Johnson, John Vering, and John Fuchs.
Watch on YouTube: https://www.youtube.com/watch?v=yc7-wnjFOcY
You can access the slides for the webinar here:
COVID19 Employment and Stimulus Webinar Slides.pdfDownload
The COVID-19 […]
Employee COVID-19 Leave Request Form
This is a sample form for you to customize for your business and provide to employees related to requests for a leave of absence related to the COVID-19 pandemic.
COVID-19 LOA Request Form .PDFDownload
COVID-19 LOA Request Form .DOCXDownload
Paycheck Protection Program: Loan Documents & New Guidance for Self-Employed Applicants
April 16, 2020By John Fuchs, Bailie Schnackenberg, and Char Heins
All Paycheck Protection (PPP) loan applicants should be aware that PPP loan documents vary by lender. Some lenders are including language in their promissory notes that appear to create joint […]
Provider Relief Payments
April 15, 2020By: Mark Opara, Bailie Schnackenberg, and Emily Crane
The recently enacted CARES Act provides much needed relief for providers in areas impacted by the COVID-19 pandemic and providers struggling to keep their doors open due to healthy patients delaying […]