News

Bryan G. Baumann will participate on an attorney panel for a webinar hosted by the AM Best Company: How the Impact of COVID-19 is Changing Insurance Claims.

Information on employees refusing to return to work, and recommendation to check unemployment compensation charges very carefully.

The IRS has released Notice 2020-39, extending critical Opportunity Zone deadlines.

Knox Law is pleased to host four summer associates this year: Colleen Campbell, Calvin Freas, Charles Gallmeyer and Philip Hall. Our summer associate program offers real-world experience for current law school students.

Bryan G. Baumann, Mark G. Claypool, Neal R. Devlin, Guy C. Fustine and Thomas A. Tupitza, shareholders at Knox Law, have all been selected for inclusion on the Pennsylvania Super Lawyers® list for 2020. Additionally, four shareholders have been selected for inclusion on the 2020 Pennsylvania Super Lawyers® Rising Stars list: Elliott J. Ehrenreich, Julia M. Herzing, Frances A. McCormick and Jeremy T. Toman.

The SBA updated its FAQ related to the necessity certification for PPP loans this morning, May 13, 2020. The FAQ addresses the good-faith certification concerning the necessity of the PPP loan request.

Late on May 5, 2020, the SBA published a new FAQ (FAQ Question #43) that extends the safe harbor deadline from Thursday May 7, 2020 to Thursday May 14, 2020.

Alert: New Question #40 in SBA's FAQs posted 5/3/2020 - No reduction in PPP loan forgiveness for laid-off employee's refusal of rehiring by PPP loan borrower

ALERT: IRS Notice 2020-32 Issued: EXPENSES PAID WITH LOAN FORGIVENESS FUNDS ARE NOT DEDUCTIBLE

President Trump has signed into law a bill providing for $500 billion in relief due to the COVID-19 pandemic. Part of the package includes approximately $320 billion more for the Paycheck Protection Program (PPP).