January 12, 2021

COVID-19 Business Matters

Business Matters

Virtually every Vermont and New Hampshire business has been affected in some way by the COVID-19 pandemic. Below are resources on a variety of topic areas that may be of assistance during this difficult time.

Tax Considerations

IRS Reaffirms Non-Deductibility of Forgiven PPP Loan Expenses and Affords New Tax Filing Safe Harbor Rules

Guide to the Employee Retention Credit

Qualified Improvement Property Fix

Has the IRS extended tax filing or payment deadlines?

Has the State of Vermont extended tax filing or payment deadlines?

Has the State of New Hampshire extended tax filing or payment deadlines?

Small Business Assistance

New SBA Guidance on the PPP Changes and Second Draw PPP Loans

SBA Interim Rule Forgiveness - $50k or Less

PPP Loans and Change of Ownership

SBA Issues New Forgiveness Guidance Prior to Opening its Loan Forgiveness Portal

SBA On-Line Forgiveness Platform to Open August 10

Proposed Legislation Expedites PPP Forgiveness for Loans Under $150K

Can a Sole Proprietor Seek PPP Forgiveness Without Payroll Expenses?

New SBA Rule on PPP Flexibility Act and Early Loan Forgiveness

Buying or Selling a Business that Borrowed a PPP Loan?

SBA Issues Two New PPP Forgiveness Applications and a Revised Final Interim Rule For Determining Payroll Costs and Owner Compensation

Treasury Releases PPP Revisions to First Interim Final Rule

Flexibility Act Guidance and Modified PPP Applications to Retain Partial Forgiveness

Senate Approves Paycheck Flexibility Act – Now What?

House Votes to Ease Paycheck Protection Program Restrictions

SBA Issues Further PPP Interim Final Rules on Forgiveness

SBA Releases Application Form/Instructions for PPP Loan Forgiveness

New SBA Guidance for Good Faith Certifications – Enforcement and Safe Harbors

New Interim Final Rule on PPP Borrower and Lender Disbursements

Seasonal Businesses Receive Expanded PPP Loan Flexibility

Vermont Establishes Economic Mitigation & Recovery Task Force

Public Outcry Leads to New SBA Guidance on PPP Eligibility

Paycheck Protection Program: Where Did All The Money Go?

Documentation – The Difference Between a PPP “Loan” and a “Forgiven Loan”

Paycheck Protection Program: The Next 8 Weeks

Implementing the Paycheck Protection Program

Economic Injury Disaster Loan Program

Paycheck Protection Program

What are some good resources for information with respect to the effects of COVID-19 on my Vermont or New Hampshire small business?

Is there a CARES Act guide for small businesses? 

Business Interruption Insurance

Does my insurance cover losses due to COVID-19 related events?

Force Majeure

If you can’t fulfill your contractual obligations due to COVID-19, will your contract’s force majeure provision excuse your nonperformance?

If your vendor terminates your contract or fails to perform in a timely manner, will the force majeure provision in the contract excuse their non-performance?

Cyber Security / Remote Work

What cyber security and data security risks should I be concerned about if my employees are working remotely?

Food & Beverage

National Restaurant Association Guidance for Re-opening

What new COVID-19 (coronavirus) related rules and regulations apply to my Vermont restaurant?

What new COVID-19 (coronavirus) related rules and regulations apply to my New Hampshire restaurant?

Have Vermont liquor licensing restrictions applicable to my business changed?

Have New Hampshire liquor licensing restrictions applicable to my business changed?

Remote Online Notarization

Vermont Implements Remote Notary Authorization

New Hampshire Implements Remote Notary Authorization

For any questions regarding COVID-19's impact on your business, contact a member of our team.

Matt Borick

Scott Jaunich 

Walter Judge

Bruce Palmer

Mary Parent 

Roger Prescott

Tim Sampson


Before sending, please note: Information on www.drm.com is for general use and is not legal advice. The mailing of this email is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Anything that you send to anyone at our Firm will not be confidential or privileged unless we have agreed to represent you. In particular, please note that Downs Rachlin Martin’s Labor & Employment Group exclusively represents employers/management in labor and employment matters. Employees seeking assistance with labor or employment issues should contact a law firm that represents employees and should not provide information about your situation to DRM.

If you send this email, you confirm that you have read, understand and agree to the terms contained herein.