Blog

The U.S. Supreme Court will hear a case regarding certain issues related to the Affordable Care Act (ACA) in the next 12 months.  If the ACA is ruled unconstitutional, it could eliminate the net investment income tax and Medicare surtax.  These taxes applied to certain taxpayers with income in excess...

From the Minnesota Department of Employment and Economic Development website:  The Minnesota Department of Employment and Economic Development (DEED) will oversee the Minnesota Small Business Relief Grants Program approved by the Minnesota State Legislature and signed by Gov. Tim Walz on June 16, 2020. This program will make available $10,000...

President Trump signed into law today the Paycheck Protection Program Flexibility Act, which addresses many concerns expressed by the business community.  The Small Business Administration will need to update their guidance, but here are the highlights: Businesses have 24 weeks to spend the funds instead of 8 weeks to be...

Today the SBA released guidance regarding borrowers good-faith certification for PPP loan proceeds.  Please review the attached FAQ #46 for the official SBA guidance, including a $2 million safe harbor provision. If you have any questions, please contact your representative at Copeland Buhl. The deadline to return funds is Thursday,...

In order to provide support to businesses impacted by COVID-19, Hennepin County implemented the Small Business Relief Program which was “designed to help small local businesses meet immediate financial needs.” This program provides emergency forgivable loans up to $7,500 to pay for critical operating expenses, such as: Utilities Rent/Mortgage payments...