May 20, 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 the CARES Act Provider Relief Fund (the “Fund”). […]
May 20, 2020
By: John Fuchs, Bailie Schnackenberg, and Char Heins
On Friday May 15, 2020 the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) Loan Forgiveness Application (the Application). The Application and instructions are available directly from the SBA […]
David E. Shay, 1962-2020
May 18, 2020
Seigfreid Bingham is saddened to announce the death of longtime shareholder David E. Shay. He passed away suddenly on May 11, 2020 of natural causes. Dave was a graduate of Cameron R1 High […]
By John Fuchs, Bailie Schnackenberg, & Char Heins
May 13, 2020
In light of the
impending safe harbor deadline to return funds received from the Paycheck
Protection Program (“PPP”), the Treasury Department released additional
guidance today to assist businesses in evaluating whether to take advantage […]
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 the launch of similar plans […]
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 burden imposed upon small
businesses by […]
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 […]
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”) […]