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May 19, 2020 Dunlap Seeger

PPP Forgiveness Application Released

The SBA and Treasury recently released Form 3508, the long-awaited Paycheck Protection Program (PPP) Loan Forgiveness Application. Here’s an overview. Form 3508 has four parts: a forgiveness-calculation form, a Schedule A, a worksheet for Schedule A, and a borrower-demographic form. You’ll need to submit the first two parts to your lender, along with verifying documentation. The Form identifies an October 31, 2020 “Expiration Date,” which implies a Halloween deadline. Keep the Schedule A worksheet on file. The borrower-demographic form is optional. More +

May 14, 2020 Dunlap Seeger

Most PPP Borrowers Receive Certification Safe Harbor

The SBA and Treasury issued new guidance on PPP loan-request certifications. Most PPP borrowers will now benefit from an automatic safe harbor, which should remove certification questions for loans under $2 million. Specifically, the guidance says that borrowers that “received PPP loans with an original principal amount of less than $2 million will be deemed to have made the required certification concerning the necessity of the loan request in good faith.” Most PPP borrowers will benefit because very few PPP loans exceed More +

May 11, 2020 Dunlap Seeger

Survey of Property Tax Deferments in Southeastern Minnesota

Many counties in Minnesota have passed property tax deferments and penalty waivers for the first installment due May 15. The following is a survey of the current property tax relief measures in southeastern MN counties: Olmsted County The Olmsted County Board of Commissioners approved a one-time, temporary abatement of penalties and interest which would normally accrue following late property tax payments. The county Board has extended the first half payment deadline from May 15th to July 15, 2020. The abatement of More +

May 08, 2020 Dunlap Seeger

EEOC Issues New Return to Work Guidance

On Thursday, the United States Equal Employment Opportunity Commission (EEOC) issued additional guidance for how businesses should accommodate workers with medical conditions during the pandemic. The guidance applies when an employer knows a returning employee has an underlying medical condition that places him or her at risk, but the employee has not asked for accommodation. The EEOC makes clear these employees cannot simply be barred from work due to their known medical condition which make people more susceptible to becoming severely ill More +

May 07, 2020 Dunlap Seeger

EEOC Announces Delay in Collection of EEO-1 Information

As a result of the current public health emergency, the Equal Employment Opportunity Commission (EEOC) announced on May 7 a delay until March 2021 of the collection of EEO-1 Component 1 information. EEO-1 Component 1 information asks for the number of employees who work for a covered business sorted by job category, gender, race, and ethnic background. In a press release, the EEOC stated it “recognizes the impact that the current public health emergency is having on workplaces across America and More +

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