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Tag Archives: Coronavirus Response Team (CRT)

A (Second) Stimulus for the Rest of Us!

    • Mnuchin indicates Trump Admin looking at second round of stimulus payments ‘very seriously’
    • Admin struggling to find balance with additional economic impact payments & UI benefits
    • Decision expected in the coming weeks as Congress debates fourth stimulus package

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PPP Forgiveness App Streamlined for Fund Recipients; ‘EZ Version’ Introduced for Self Employed Owners

    • Simpler loan forgiveness application created to provide flexibility to small businesses
    • Revisions made as businesses begin to reach the 8-week period option for forgiveness
    • SBA also created ‘EZ’ version aimed to help self-employed business owners, others

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Fed Unveils Main Street Lending Program As Businesses Continue to Look for Support

    • Additional loan facility aims to support businesses who did not receive PPP funding
    • Different loans will be made to businesses up to 15,000 employees, $5 billion in revenue
    • Program is backed by Federal Reserve and was created by the CARES
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HHS Implements Rigorous Reporting Requirements for Healthcare Providers That Received CARES Funding

    • Recipients of Provider Relief Funds required to file reports quarterly, beginning June 30
    • Healthcare providers rapidly approaching May 24th deadline to accept funds and T&Cs
    • If lost revenues or COVID-19 expenses are less than funds received, HHS set to claw
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The PPP Lawsuit Games: May the Odds Be Ever In Your Favor

    • California firm sues SBA, US Treasury based on updated guidance surrounding PPP
    • Company argues PPP money vital to survival despite having access to additional liquidity
    • Lawsuit comes as the first of many expected to be filed by businesses across the
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NYS Senate Hopeful Pushes to Declare China Handling of COVID-19 Act of Terrorism

    • Palumbo (R-New Suffolk) calls on Trump, Cuomo to declare Chinese COVID-19 response an Act of Terrorism
    • Doing so would allow businesses to access Terrorist Risk Insurance Fund
    • Small businesses continue to have claims denied due to lack of virus-specific coverage
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DSJ: Your Trusted Advisor Through COVID-19 And Beyond

Dear Valued Client,

During these unprecedented times, we are aware that many businesses are being forced to make tough decisions in order to make ends meet. Our Firm has a highly qualified and dedicated staff available to help manage your

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Meet the DSJ Coronavirus Response Team

As your trusted advisors, DSJ is committed to sharing the best information available concerning Coronavirus (COVID-19) to our clients and to helping you navigate through this turbulent business climate.

A MESSAGE FROM OUR MANAGING PARTNER

Given the unprecedented times we … Continue reading

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