Category: Copeland Buhl
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...
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May 13, 2020 by Staff
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,...
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May 1, 2020 by Staff
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...
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On June 21, 2018, the US Supreme Court issued a decision in South Dakota v. Wayfair overturning the physical presence requirement commonly applied to determine sales tax nexus and opening the door for economic nexus. What that means is the federal government will allow each state to determine whether a...
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April 12, 2019 by Staff
Multi-channel retail continues to be a rapidly growing sector in today’s business landscape, with brands of all sizes across a wide range of industries looking to take their offerings online. More and more companies are adding ecommerce capabilities to their repertoire, and those that have yet to do so are...
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