Should you use an NDA at your company?
Nondisclosure agreements (NDAs) are legal contracts that protect confidential information shared between parties. Businesses use them for various reasons, including safeguarding sensitive business information, protecting trade secrets and preventing employees from...
When should a company consider restructuring?
The decision to restructure your business should not be taken lightly. Changing the way you do everything can unlock your company's potential and increase revenue -- or it can lead to disaster. Timing is key. Here are six signs that you should consider restructuring...
Trump Signs Bill Authorizing New Funds for PPP, Loan Forgiveness, Tax Deductions
Last evening, President Donald Trump signed into law a $900 billion relief and stimulus package which notably will provide some welcome relief to a broad cross section of consumers, earmarks an additional $284 billion in funding to the Paycheck Protection Program...
Look What’s Happening Inside the Virginia Tax Department
Each year, a small group of Virginia tax lawyers convenes to meet with the Virginia Tax Commissioner, his staff, and the Attorney General’s staff to hear what the Tax Department is thinking, learn about its challenges, and discuss ideas for improved tax administration...
SBA, Treasury Issue New PPP Guidance on Loan Forgiveness
Last week, the Small Business Administration (SBA), in concert with the Department of Treasury, published new FAQs to address four key aspects regarding forgiveness of Paycheck Protection Program (PPP) loans. The 10-page FAQs, published on Aug. 4, are designed to help...
Virginia is the First State to Implement Workplace Safety Requirements Related to COVID-19
All Virginia employers should be aware that the state’s Safety and Health Codes Board has adopted emergency temporary standards for occupational health and safety requirements in response to the coronavirus pandemic. The standards are now available on the Department...
New Virginia Contractor Misclassification Law
Spring brought significant changes to Virginia’s employment law landscape. Virginia Governor Ralph Northam recently signed a series of new employee-centric laws, including the ones intended to fight against worker misclassification. Summary of new laws relating to...
New Paycheck Protection Program Flexibility Act
Last night, June 3, 2020, the Paycheck Protection Program Flexibility Act of 2020 (PPP Flexibility Act) was unanimously approved by the Senate, after overwhelming approval by the House last week. Under the PPP Flexibility Act, which is expected to be signed into law...
New Certification Requirements for WOSBs and EDWOSBs
The Small Business Administration (SBA) is changing how small businesses seek the award of federal contracting dollars designated for concerns owned and controlled by women. Self-certification for WOSBs and EDWOSBs seeking new contracts will be phased out beginning...
SBA AND TREASURY RELEASE PPP LOAN FORGIVENESS APPLICATION
As has been much discussed, loan forgiveness is a key feature of the CARES Act’s Paycheck Protection Program (PPP) administered by the Small Business Administration (SBA), but there has been little guidance regarding the process and criteria for seeking forgiveness....