COVID-19 Alert: Covid-19 Relief Law Decoded: What Clients Need To Know Now

By: Matthew Mitchell, Joe Hunt, & Amanda Thibodeau On December 27, 2020, the Consolidated Appropriations Act of 2021 (the “CAA”) passed into law. The CAA includes long-anticipated measures in response to the COVID-19 pandemic and resulting economic crisis. The CAA supplements and extend measures enacted earlier this year, including the Coronavirus Aid, Relief, and Economic Security Act (the …

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Payroll Tax Memo: Deferring Payroll Tax Obligations in Light of the Ongoing Pandemic

By: Joe Hunt On August 8, President Trump signed an executive order, the Payroll Tax Memo, which seeks to defer the due date for the employee portion of federal payroll taxes, originally due September 1, 2020, until December 31, 2020. Under the Payroll Tax Memo, employers are allowed (but not required) to defer payment of …

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A Roadmap for the Re-Opening of the Massachusetts Economy is Offered

Massachusetts businesses are presently subject to Governor Baker’s Emergency Order Extending the Closing of Certain Workplaces and the Prohibition on Gatherings of More Than 10 People. The Emergency Order is effective until May 18, and requires all businesses and organizations that do not provide “COVID-19 Essential Services” to close their physical workplaces and facilities to workers, …

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CARES Act Payments are Public Assistance and Exempt From Seizure by Creditors and Debt Collectors Under Massachusetts Law

By: Timothy P. Manning On April 13, 2020, the Massachusetts Attorney General issued guidance concerning payments received by Massachusetts residents pursuant to the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) and the exemption of such payments from garnishment or attachment by creditors or debt collectors. The CARES Act provides cash assistance to …

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Senate Approves Deal to Expand PPP Small Business Loan Program

On April 21, the Senate approved $484 billion in new coronavirus aid, of which $310 billion will be used to replace the exhausted funds of the Paycheck Protection Program (“PPP”). The House of Representatives is expected to pass the bill within days, with PPP loan application processing expected to recommence as early as April 23, …

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Practical Strategies For Venture And Private Equity Backed Businesses Considering PPP Loans

By: Jonathan D. Gworek and Matthew L. Mitchell With the issuance of the U.S. Treasury Departments “Interim Final Rules” and related Guideline within the Paycheck Protection Program’s (“PPP”) “Affiliation rules”, there have been concerns that the Affiliation Rules may deem the portfolio companies of venture capital and private equity firms as affiliates of the fund …

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U.S. Treasury Releases Interim Rules on Paycheck Protection Program – What You Need to Know

In an effort to facilitate the fast-tracking of loans under the new Paycheck Protection Program (“PPP”) the U.S. Department of the Treasury released Interim Final Rules effective April 3, 2020. The rules cover areas such as: Basic Structures of PPP Loans Loan Applicant Certifications Borrower Eligibility Requirements Loan Proceeds Loan Forgiveness Rules Miscellaneous Terms. Joe …

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COVID-19 Alert: A Plain Language Guide to the Coronavirus Aid, Relief and Economic Security (“CARES”) Act

By: Joe Hunt, Amanda Thibodeau, and Matthew Mitchell President Trump signed the CARES Act into law on March 27, 2020. With an estimated price tag in excess of $2 trillion, the CARES Act is intended to provide businesses and industries with a broad lending program designed to sustain working capital needs, provide immediate cash relief …

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UPDATED Client Alert: Recommended Employer Response to the Coronavirus

Read our most recent COVID-19 updates and recommendations on our Employment Law Blog. 3/11/20 - An update based on the Massachusetts State of Emergency can be found here. 3/6/20 - The spread of coronavirus (COVID-19), and its effects on business markets, travel, and public health, are dominating the news cycle. As this public health emergency …

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Employment Law Alert: Congress Adopts Emergency Paid Family Medical Leave and Sick Time Standards; Client Alert: State and Federal COVID-19 Small Business Loan Programs

Morse Attorneys Matthew Mitchell, Joe Hunt, and Amanda Thibodeau shared two important updates regarding new laws that apply to private-sector employers and employees affected by Coronavirus, as well as the launch of new programs to assist small businesses struggling during the COVID-19 outbreak. The first update discusses how President Trump signed into law the Families First …

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