Business

Home Equity Lines of Credit May Provide Additional Liquidity for Businesses and Families

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The SBA has announced they are unable to accept new applications for the Paycheck Protection Program based on current funding. However, there is a large source of other potential emergency funding for businesses and families: their home equity. For the first time in several decades, and as a consequence of the financial crises of 2008, …

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PPP For Sole Proprietors and Independent Contractors

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Key Takeaway: Self-employed Individuals who file an IRS form 1040 Schedule C with or without employees can still apply for a forgivable loan accounting for their income. Under the CARES Act, the Paycheck Protection Program (PPP) rolled out on April 3, 2020. PPP offered employers of small businesses an opportunity to get a loan during …

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Paid Leave for Employees Expands Due to COVID-19

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In response to the COVID-19 pandemic, the federal government has expanded mandatory paid leave for employees. The Families First Coronavirus Response Act (“FFCRA”) covers employers with less than 500 employees. Employers must provide up to 12 weeks of paid leave in some cases. The law also provides refundable tax credits to businesses to offset these …

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A Business Succession Plan Is More Important than Ever

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Business succession is an important topic in the best of times, but in the era of the novel coronavirus or COVID-19, when the future is uncertain, business succession becomes an even more important topic. Why should you have a business succession plan in the event key leaders or officers are suddenly unavailable? A business succession …

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SNW Hosts Business Interruption Webinar– Watch a Recording!

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Sternberg, Naccari & White, LLC gave a Business Interruption Webinar on April 1, 2020, for the benefit of clients and friends. SNW attorneys, Justin Alsterberg, Suzy Montero, and Michael Finkelstein gave a concise summary of the act and answered questions from numerous attendees across the United States. SNW is a firm built for this, and …

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SNW to Host CARES Act Webinar Monday, March 30, 2020 at 1:30 p.m. for Firm Clients and Friends

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The CARES act has passed the United States Senate, the United States House of Representatives, and now goes to President Trump for his signature.  When President Trump signs the bill, the process of evaluating its provisions — and how to take advantage of the business stimulus package — will begin at businesses across the country. …

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SBA Loan Applications Open for Small Businesses!

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https://www.youtube.com/watch?v=rtO4HUalgt8 In response to the novel coronavirus (COVID-19) outbreak, Louisiana businesses are now eligible for Small Business Administration disaster loans. As a result, small businesses and private, non profit organizations facing substantial economic injury as a result of the COVID-19 outbreak in the state of Louisiana may now be eligible for up to $2,000,000 in …

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Tax Breaks for Saving Land: How the Conservation Easement is a Win-Win for Landowners & Businesses

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The firm of Sternberg, Naccari & White, LLC works with a variety of clients who own or invest in land as a real estate asset. The Firm is always looking for ways to ease our clients’ tax burdens. For landowners, family offices, and real estate investors, a conservation easement can create current liquidity in highly …

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