Category: Covid-19 Regulatory Alerts

On October 8, 2020, the SBA released a simpler loan forgiveness application (Form 3508S) for PPP Loans of $50,000 or less.  The main provision of this new PPP Loan Forgiveness application is that applicants with PPP Loans of $50,000 or less now have an exemption from both the FTE reduction p Read More

As most know, the current pandemic created from the COVID-19 virus has caused Federal, State and Local governments to assist many small entities with new income tax benefits and incentives, and contingent low interest deferred loans that might convert to potential grants. This assistance lead Read More

On August 8, 2020, President Trump issued a Presidential memoranda directing the Secretary of the Treasury to permit the deferral of withholding of social security tax on compensation for employees earning less than $4,000 bi-weekly or the equivalent (about $104,000 on an annualized basis).  Read More

The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), which was enacted on March 27, 2020, included provisions which waived required minimum distributions (“RMDs”) for 2020 from defined contribution plans and individual retirement accounts (“IRAs”).  This includes Read More

As a result of the COVID-19 pandemic, the President has issued an emergency declaration under the Robert T. Stafford Disaster Relief and Emergency Assistance Act giving rise to temporary changes regarding investments in Qualified Opportunity Funds (QOFs). Click on the pdf below to access Jano Read More

On May 27 2020, the Federal Reserve Board released documents and expanded explanatory materials, including updated Frequently Asked Questions (FAQ) related to the Main Street Lending Program (MSLP). Our team at Janover has reviewed these FAQ’s and has summarized, what we believe to be, the Read More

Small Business gets the well needed “Shot in the Arm” from favorable law change to the Payroll Protection Program from Congress. This past week, Congress passed very favorable and well-needed changes to the Payroll Protection Program (“PPP”) to assist small businesses. This bill was s Read More

The Small Business Administration (“SBA”) has released the Paycheck Protection Program (PPP) loan forgiveness application and instructions, is giving small businesses and advisors a first look into how the loan forgiveness will work. The application includes significant changes to the tra Read More

Janover is pleased to announce that we have formed a special CARES Act/COVID-19 advisory team. This is a coordinated group that will work with you in claiming benefits that you need to meet your cash flow, maintain your workforce and handle other critical challenges. Some of the services that Read More

On April 30, 2020, the Federal Reserve issued updated guidance related to the Main Street Lending Program, which was originally announced on April 9th, and offers $600 billion of new financing for small and medium sized businesses. While this guidance did begin to answer many questions relate Read More