Coronavirus Impact Updates

Showing 7 posts from January 2021.

COVID-19: Assistance for Shuttered Venues

Posted In Coronavirus

Coronavirus

Late last year, Congress authorized funding including $15 billion in grants through the Shuttered Venue Operators (SVO) Grant Program to provide assistance to businesses or specified representatives involved in performance, entertainment and museum arts. The funding was approved as part of the Consolidated Appropriations Act of 2021 and will be administered through the Small Business Administration (SBA), which as of January 20, 2021 is not yet accepting applications for the grant Program. Applicants will be required to submit a good-faith certification that the uncertainty of current economic conditions makes the grant necessary to support their ongoing operations.

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New Post-Exposure Quarantine Signage Requirements Affecting Gyms and Fitness Centers

Posted In Coronavirus

Coronavirus

As of January 1, 2021, gyms and fitness centers in Georgia have different obligations to maintain under Governor Kemp’s latest Executive Order. The latest Order, which was renewed on January 15 for two weeks, requires gyms and fitness centers to implement additional measures to help slow and prevent the spread of COVID-19, namely, those supporting a new Post-Exposure Quarantine Protocol (PEQP) that affects individuals and many businesses in Georgia.

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Economic Aid Act Second Draw Specific Regulations and Opening of Portal to Accept Applications for Second Draw Loans

Posted In Coronavirus

Coronavirus

Eligible borrowers who would like to obtain or increase their Paycheck Protection Program (PPP) funding will be able to act as early as this week, due to recent action by Congress and the U.S. Small Business Administration (SBA). On December 27, 2020, the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (EAA) (included within the Consolidated Appropriations Act of 2021) became law. On January 8, 2021, the SBA announced that the portal to accept PPP loan applications, pursuant to the EAA, will re-open Monday, January 11, 2021. To promote access to capital, the SBA will initially only accept First Draw PPP Loan applications, including requests for increases on First Draw PPP Loan amounts, from community financial institutions. Second Draw PPP Loan applications will be accepted beginning January 13, 2021.

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Kemp's Post-Exposure Quarantine Requirements for Camps

Posted In Coronavirus

Coronavirus

As noted in the alert, “Georgia Governor Institutes Post-Exposure Quarantine Requirements for Certain Businesses,” Governor Kemp issued a new Executive Order (covering January 1 - 15, 2021) that imposes a new Post-Exposure Quarantine Protocol (PEQP) under certain circumstances, including in relation to children’s camps. Children’s “Camp” is defined by the Order to apply to any entity offering organized sessions of supervised recreational, athletic or instructional activities held between typical school terms or during school breaks, including those commonly referred to as a “day camp” and any license-exempt day camps operating during school terms.

Continue reading Kemp's Post-Exposure Quarantine Requirements for Camps ›

Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Economic Aid Act) and Expansion of Employee Retention Credit (ERC) enacted by the CARES Act

Posted In Coronavirus

Coronavirus

On December 27, 2020, the Consolidated Appropriations Act of 2021 (CAA) became law. The CAA includes the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (the Act), which extends and expands the Employee Retention Credit (ERC) enacted by the CARES Act. Thus, thanks to the CAA, eligible employers may still have CARES Act tax credits available to them in 2021 that otherwise would have expired at the end of 2020, or for which they otherwise would not have been eligible, or for a larger credit than they might have qualified for otherwise.   

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Consolidated Appropriations Act of 2021: Payroll Tax Deferral Extension

Posted In Coronavirus

Coronavirus

The Consolidated Appropriations Act of 2021 was signed into law on December 21, 2020. The Act extended timeframes related to the Presidential Memorandum and Executive Order whereby the President directed the Secretary of the Treasury to allow for the deferral of the employee-portion of payroll taxes withheld under IRC Section 3101(a) (6.2% for Old-Age, Survivors and Disability Insurance) on wages earned during the period of September 1, 2020 through December 31, 2020 (“Deferral Order”). 

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Georgia Governor Institutes Post-Exposure Quarantine Requirements for Certain Businesses

Posted In Coronavirus

Coronavirus

In response to surging case numbers and crowded hospitals, Governor Kemp last week updated the requirements of the statewide Executive Order for the first time in several weeks. The update explicitly adopts a quarantine requirement for Georgians exposed to COVID-19 and imposes an obligation on certain businesses regarding such persons. The requirement does not apply to all businesses in Georgia, and it imposes different requirements on different kinds of businesses.

This Alert will describe the quarantine protocol and its general application to businesses in Georgia. We will publish additional guidance later this week regarding specific application of the quarantine protocol to children’s Camps, Live Performance Venues, and gyms and fitness centers.

Continue reading Georgia Governor Institutes Post-Exposure Quarantine Requirements for Certain Businesses ›

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