June 2020 Archives

SBA Announces New Full and "EZ" PPP Forgiveness Applications

On behalf of Kring & Chung, LLP posted in Publications on Thursday, June 18, 2020.

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") established the Paycheck Protection Program ("PPP") to provide federally-backed, forgivable loans administered by the U.S. Small Business Administration ("SBA") to aid employers who maintain their payroll during the coronavirus pandemic. On June 5, 2020, the Payroll Protection Program Flexibility Act of 2020 ("Flexibility Act") was enacted to modify key PPP loan provisions to allow more borrowers to achieve complete loan forgiveness.

Local Minimum Wage Increases Coming July 1, 2020

On behalf of Kring & Chung, LLP posted in Publications on Friday, June 12, 2020.

By: Kyle D. Kring

California cities and counties have the authority to set minimum wages higher than the state of California's minimum wage. Many localities throughout California have passed their own statutes to provide employees with higher minimum wage rates than current state rates. Various localities are set to increase minimum wage rates effective July 1, 2020 and employers throughout California should be aware of the relevant increases. The table below indicates each locality set to increase, its current minimum wage, and increased minimum wage.

Paycheck Protection Program Flexibility Act of 2020 Extends and Modifies Key Loan Forgiveness Provisions

On behalf of Kring & Chung, LLP posted in Publications on Friday, June 5, 2020.

By: Kyle D. Kring and Kerri N. Polizzi

The Coronavirus Aid, Relief, and Economic Security Act ("CARES Act"), signed March 27, 2020, established the Paycheck Protection Program ("PPP") to provide federally-backed, partially-forgivable loans administered by the U.S. Small Business Administration ("SBA") to aid employers who maintain their payroll during the coronavirus pandemic.

Important Considerations and Key Documents for Reopening Workplaces as Stay at Home Orders Lift

On behalf of Kring & Chung, LLP posted in Publications on Tuesday, June 2, 2020.

By: Kyle D. Kring and Kerri N. Polizzi

On May 28, 2020, In light of the novel coronavirus disease (COVID-19) public health crisis and state and local orders related thereto, most employers have either shutdown or significantly reduced their in-person operations. As many jurisdictions begin to lift or ease stay-at-home orders, it is important that employers carefully consider the many employment laws and other applicable regulations that govern plans to return some or all employees to physical workspaces. As outlined below, this process should not be a "return to normal," and instead should involve proactive planning and thorough documentation of safety measures undertaken to protect employees during this transition to the "new normal."