Category

Business
Guidance for businesses that have received funds under the Paycheck Protection Program (“PPP”) and are now considering or undergoing a change of ownership.
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The surge of COVID-19 government-ordered shutdowns and health stay-at-home mandates is imposing an unprecedented economic impact on businesses of all sizes. COVID-19 is forcing business owners to find ways to survive the sharp drop in economic activity. For many insured businesses, one potential avenue of relief is their business interruption insurance.
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Pursuant to the memo “Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster,” employers will be allowed to defer the withholding, deposit, and payment of the employee portion of Social Security taxes if the employee’s bi-weekly pre-tax pay is less than $4,000. The IRS issued additional guidance for employers in implementing the payroll...
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Highlights of Paycheck Protection Program FAQs on Loan Forgiveness issued by SBA to address borrower and lender questions concerning forgiveness of PPP loans.
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Executive order mandating face masks in City of Evansville revoked as Indiana statewide face mask mandate takes effect.
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Indiana Governor Eric J. Holcomb mandates statewide use of face masks beginning Monday, July 27
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Clean face masks or covering must be worn by all persons age six (6) and older within the City of Evansville at any time during which they will be in contact with people who are not household members, effective Wednesday, July 15, 2020. Several exceptions apply.
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The cap on small claims disputes in Indiana will increase from $6,000 to $8,000 beginning July 1, 2020, granting more parties access to the less expensive, more straightforward small claims court process.
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New Paycheck Protection Program Flexibility Act of 2020 (HR 7010) provides useful updates for small business borrowers under the CARES Act’s Paycheck Protection Program (PPP), including increased leeway in how funds are spent and more lenient forgiveness terms.
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Applications open Wednesday, June 3, 2020, for Indiana Small Business Restart Grants ($30 million total) for eligible businesses that have not used PPP, EIDL, or CDBG funds.
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