Skip to Content

News & Resources

Category: News & Resources

NEW DEADLINE TO REQUEST EXEMPTIONS TO OPERATE CERTAIN BUSINESSES – FRIDAY APRIL 3, 2020 AT 5:00 P.M.

4/2/2020 | Articles & Alerts, News & Resources

Governor Wolf’s FAQ’s for Life-Sustaining Businesses were updated again on April 1, 2020. Importantly, the revised FAQ’s now state in # 2 that: “All exemption requests MUST be submitted no later than 5:00P.M. on Friday April 3, 2020.” Therefore, if you believe your business or project would qualify for an exemption from the order closing various businesses, you must file for an exemption by the new deadline. If your business is not on the list of “Life-Sustaining” businesses that may […]

Frequently Asked Questions about the Paycheck Protection Program (PPP) Loans Under the CARES Act

4/1/2020 | Articles & Alerts, General, News & Resources

What is the PPP Loan Program? This is an expansion of the SBA Section 7(a) loan program to incentivize employers to retain and pay its employees using loan proceeds of up to $10 million which can be paid back over up to 10 years at a maximum interest rate of 4%. These PPP loans may also qualify for tax-free loan forgiveness of up to 8 weeks of the employer’s operating costs. Who qualifies as an Eligible Employer? Any business that […]

CORONAVIRUS AID, RELIEF AND ECONOMIC SECURITY (CARES) ACT SUMMARY

4/1/2020 | Articles & Alerts, General, News & Resources

Below is a summary of the highlights of the CARES Act, including those relating to expanded SBA (potentially forgivable) Loans programs, Unemployment Compensation and Other Individual Benefits, and certain Tax Incentives. The just enacted federal CARES Act offers significant financial support to “small” businesses and individuals who have suffered economic impact from the COVID 19 pandemic. A summary of those portions of the Act which provide benefits to small businesses, individual employees and their families, and certain tax incentives, follows. SMALL […]

Kaplin Stewart has decided to close its physical offices in the hopes of containing the threats posed by COVID-19.

3/16/2020 | Articles & Alerts, General, Media, News & Resources

Kaplin Stewart has decided to close its physical offices in the hopes of containing the threats posed by COVID-19. We took this step not because anyone in our offices has contracted the virus but in an abundance of caution to protect you, our clients, as well as our employees. While our physical plant may be closed, we remain ready, willing and able to provide the same high quality legal services that we strive to provide every day. The vast majority […]