The Renewed Paycheck Protection Program (aka PPP2)

Probably the most important fact is that PPP funding is available to businesses that previously received a PPP loan. Business are eligible for a second PPP loan of up to $2 million, provided they have 300 or fewer employees, have used or will use the full amount of their first PPP loan, and can show a 25% gross revenue decline in any 2020 quarter compared with the same quarter in 2019.  ... (more)


The Consolidated Appropriations Act Provides Further COVID-19 Relief

The "Consolidated Appropriations Act, 2021” was passed into law on December 27, 2020 following a bipartisan support despite a short stall issued by President Trump regarding the payment of $600 versus $2,000 of individuals who make less than $75,000.  ... (more)


California Enacts “Regional” Stay-At-Home Order For Areas That Drop Below 15% ICU Capacity

Following a surge up 225% increase in cases, on December 3, 2020 Governor Gavin Newsom announced that a Regional Stay Home Order would be in effect for 3 weeks after a trigger-event, where their regional ICU drops under 15% capacity, which will instruct Californians to stay at home as much as possible to limit the mixing with other households that can lead to COVID-19 spread ... (more)


Indoor Dining and Other Restrictions in Place in Sacramento, Surrounding Counties

On November 13, 2020, Sacramento County moved from California’s Red Tier back into the Purple Tier based on current COVID-19 test positivity rates and the adjusted daily rate of new cases. In Purple Tier counties, the risk level of COVID-19 is considered widespread. Sacramento County’s new categorization means the following business restrictions are back in place: ... (more)


“Paycheck Protection Program” Loan Forgiveness Process Simplified for Loans Under $50,000 to Ease Burden on Small Business Owners and Loan Providers

On October 8, 2020, the Small Business Administration (SBA) announced that the loan forgiveness application process has been simplified for roughly 60% of its Paycheck Protection Program (“PPP”) borrowers. PPP borrowers who have borrowed $50,000 or less may now use the new SBA Form 3508S to apply for loan forgiveness ... (more)


Indoor Dining Now Permissible in Sacramento County

On September 29, 2020, California officials announced that the number of coronavirus cases in Sacramento County had dropped sufficiently over the previous two weeks to categorize the county risk level as “substantial” rather than “widespread.” This new categorization allows for expanded indoor business for certain industries in Sacramento County... (more)


California Governor Signs Three Bills Intended to Bolster Small Businesses in California

On September 9, Governor Gavin Newsom signed several bills intended to bolster small businesses in California that have been impacted by the COVID-19 pandemic. The new laws are set to take effect on January 1, 2021 ... (more)


President Signs COVID-19 Relief Orders While Congress Works on a New Economic Stimulus Package

On August 8, 2020, President Donald Trump signed one executive order and three memorandum regarding various forms of economic relief in response to the COVID-19 pandemic. This is in contrast to what many have reported; that all were executive orders. ... (more)


California Governor Gavin Newsom Orders Closures of Indoor Operations Statewide

Effective July 13, 2020, all bars, breweries, and pubs in California must close both indoor and outdoor operations due to rising COVID-19 infections and hospitalizations. Additionally, statewide closures of indoor operations in the following sectors have been ordered:... (more)


Paycheck Protection Program Loan Deadline Extended to August 8, 2020

The deadline to apply for a Paycheck Protection Program (PPP) loan is now August 8, 2020. Applying sooner rather than later will allow for sufficient loan application processing time before the deadline. As a reminder, you can apply for a PPP loan through... (more)


COVID-19 Cases on the Rise in California; Sacramento County Bars Recommended to Close

On June 28, 2020, the California Department of Public Health (CDPH) mandated the closure of bars for California counties who have been on the County Monitoring List for more than 14 days. The mandatory closures are in effect in Fresno, Imperial, Kern, Kings, Los Angeles, San Joaquin, and Tulare counties... (more)


Paycheck Protection Program Loan Deadline Fast Approaching

The deadline to apply for a Paycheck Protection Program (PPP) loan is June 30, 2020. Applying sooner rather than later will allow for sufficient loan application processing time before the deadline. As a reminder, you can apply for a PPP loan through:.. (more)


California’s Face Coverings Requirement: What It Is

On Thursday, June 18, Governor Gavin Newsom announced that Californians are required to wear face coverings in public spaces, effective immediately. According to the California Department of Public Health, the specific higher-risk situations in which face coverings are required are:... (more)


Paycheck Protection Program Flexibility Act of 2020

H.R.7010 has passed both the House and the Senate and is expected to be signed by the white house momentarily. This bill provides much needed relief to the PPP program... (more)


California Moves Towards Late State Two Reopening to Allow Dine-in Restaurants and Hair Salons and Barbershops

California slowly moves towards Stage Three of the Covid-19 release. Therein, Yolo, Sacramento, and Placer counties have all been cleared to reopen Dine-in restaurants and hair salons and barbershops. Specific guidance for opening such can be found here ... (more)


Governor Newsom Signs Executive Order Advancing Protections Against Domestic Violence and Other Needed Additions

Order N-65-20 was issued to help ease the strain on domestic violence service providers by waiving the 10 percent cash or in-kind matching requirements for state grants awarded to these organizations. The order also waives the deadline to verify grade point average and waives certain certification requirements and selective service registration verification for Cal Grant applicants... (more)


California COVID-19 Positive Blood Drive

California is asking everyone who tested positive for COVID-19 and survived to donate blood so they can use those antibodies to help currently ill individuals ... (more)


California Will Allow All Registered Voters to Vote by Mail

Executive Order N-64-20 will allow all registered voters in California to vote by mail in the November 3, 2020 General Election. The Governor’s office will continue to work with the Legislature and the Secretary of State to determine how requirements ... (more)


California Enters Stage 2 of Reopening the Economy

As of May 8th, lower-risk businesses can reopen with social distancing guidelines. The new guidance can be found at Stage two will gradually be implemented but so far allows: ... (more)


The House Introduces the HEROES Act for Third Rounds of COVID-19 Economic Stimulus

Friday will bring the releases of the Health and Economic Recovery Omnibus Emergency Solutions Act (“HEROES Act”). The bill provides relief for essential workers, such as aviation, rail and Amtrak workers, extends work visas for immigrants, and further provides assistance to state and local governments, hazard pay for frontline health care workers, ... (more)


Stay-At-Home Orders Extended

Sacramento County - The Sacramento County Public Health Officer​ issued a new Public Health Order effective May 2nd, and will be in effect until May 23, 2020, unless extended. The Public Health Order reinforces the direction for all individuals to stay home and extends the terms of the order to ... (more)


California School Expected to Open Early (July/August)

For those with children at home, California may reopen schools as early as July. Schools will not be fully functional as there will be major changes to physical education classes and recess at schools, as well as processes to deeply clean and sanitize schools, parks and playgrounds to keep infection rates down. ... (more)


California to Assist with Senior Loneliness

Three initiatives have been announced to support Californians over 65 years young who are isolated at home during the stay at home order. California is launching a meal delivery program, a partnership to make wellness check-in calls, and the expansion of Friendship Line California. ... (more)


Senate Approves a $310 Billion Extension for PPP Program

On Tuesday, April 21, 2020 the U.S. Senate passed the Paycheck Protection Program and Health Care Environment Act:  A $484 billion relief package to fund small business loans, hospital aid, and testing for COVID-19. Of that $484 billion, $310 billion will go directly to PPP funding. The original PPP program ($349 billion) ran out of money ... (more)


As Lawsuits Loom, $450 Billion Expansion of the Paycheck Protection Program Expected

The wildly infamous Payment Protection Program (“PPP”) officially opened on April 3rd but ran out of money less than two weeks later on April 16th. Its nature as a forgivable loan, or at worst one with 1% interest, made it a popular request for donors, but less so to the banks themselves. As such, banks prioritized their current customers, yet even so, the fund quickly ran out before ... (more)


Governor Newsom Expands Paid Sick Leave Benefits for Food Sector Workers Impacted by COVID-19 and Allows them to Wash Hands Every 30 Minutes

Executive Order N-51-20 was signed and helps workers from large employers in the food sector industry impacted by the COVID-19 pandemic with two weeks of paid sick leave, filling a gap left by federal relief that had provided similar paid leave benefits for employers with fewer than 500 workers. ... (more)


Bay Area May Fine You $100 for Not Wearing a Mask

Starting Friday in Marin County & Sonoma County, people must wear masks at all times when using essential services such as the grocery store or riding the bus. Fremont is also requiring masks. The city has issued an executive order making it mandatory for workers and customers at most essential businesses to cover their faces. ... (more)


Guideline Provided for “Opening Up America Again”

Ultimately, the decision will be by the states themselves; however, guidelines were set by the Whitehouse to provide a three-phased approach to reopening the US economy in light of COVID-19 and rising weather temperatures. The benchmarks for the beginning the first phase of lifted restriction include a sustained decrease in cases over a 14-day period and a return to pre-crisis conditions in hospitals... (more)


Global Economy Expected to Shrink by 3%

The International Monetary Fund (“IMF”) expects a three percent negative change in worldwide Gross Domestic Product (“GDP”) for the year 2020. They estimate this will be the worst recession since the Great Depression. Estimates shows that GDP in the USA is expected to decrease 5.9%, signaling the second highest drop ... (more)


The State-at-Home Order May Soon be Eased as COVID-19 Flattens Out

Touting a decline in the spread of COVID-19 based upon occupied hospital beds, Governor Newsom is coordinating with governors in Oregon and Washington to end the statewide stay-home order he imposed nearly a month ago to slow the spread of the deadly Coronavirus pandemic. ... (more)


$42 Million Diverted to Assist Foster Families

Governor Newsom announced the State of California will make available $42 million to protect foster youth and families impacted by COVID-19. The foster care system has been heavily impacted by COVID-19 due to school closures and social isolation... (more)


BLF Reminder that Property Taxes Are Still Due April 10th

With Covid-19 creating several payment delays, please remember that Property taxes have not been extended and are due Friday, April 10th. In a joint statement, the California State Association of Counties (CSAC) and the California Association of County Treasurers and Tax Collectors affirmed ... (more)


California Prohibits Sellers of Any Kind from Increasing Prices More Than 10 Percent on Material Goods

Executive Order N-44-20 prohibits sellers of any kind from increasing prices on food, consumer goods, medical or emergency supplies, and designated material goods by more than 10 percent. ... (more)


California to create new Microlending Initiative

Following 1.9 million unemployment claims in March alone, California is allocating $50 million for loan guarantees to small businesses to help eliminate barriers to capital for individuals who do not qualify for federal funds. ... (more)


Business with Less Than 500 Employees Can defer $50,000 in Sales Tax

California small businesses can keep up to $50,000 in sales tax receipts for the next year as the COVID-19 outbreak has forced people to stay home and many shops to close. Basically, businesses may defer payment of sales and use taxes ... (more)


Enhanced Details - $1,200 per Adult, $500 per Child -
Individual Stimulus Payments

The IRS announced that payments under the CARES Act will begin in mid-April. We furthermore now have answers to several questions our firm has been asked. ... (more)


Money for Nothing - Paycheck Protection Program

The CARES Act allocated $349 billion to the SBA for forgivable loans to Sole Proprietors and Small Businesses under 500 employees. This is the broadest allocation of funds ever provided by the SBA. This means that the Federal Government will cover eight (8) weeks of your rent, utilities, and ... (more)


Coronavirus Aid Relief and Economic Security (CARES)

On March 27th, 2020 the largest stimulus package in the history of the country was signed into law. To provide perspective, the 880-page bill is almost three times the price of the 2008 stimulus package, and several hundreds of billions of dollars more than the entire annual federal budget. ... (more)


Leading Mortgage Lenders Agree to Allow 90 Day Forbearance on Mortgage Payments

Proving once again that California is a leader in COVID-19 proactivity, the state secured support from major lenders such as Citigroup, JPMorgan Chase, U.S. Bank, Wells Fargo and nearly 200 state-chartered banks, credit unions to potentially allow individuals economically impacted by COVID-19 ... (more)


Sacramento Passes a $1 Million Economic Relief Package

On March 12th, 2020 Sacramento approved a $1 million economic relief package consisting of zero-interest loans of up to $25,000 for small businesses hurt by COVID-19. These loans will focus on restaurants, retail, daycare. They will be paid out... (more)


Sacramento County Provide Free Parking and General Assistance

In addition to the economic relief package, the city will provide free metered parking from 4:30 p.m. onward for up to 30 days, assumedly from the date of the meeting, March 12. 2020. This applies to all 6,200 on-street meter spaces in the central city. ... (more)


The Franchise Tax Board (“FTB”) Will Delay Tax Due Dates

The Franchise Tax Board recently announced a special tax relief for California taxpayers affected by the COVID-19 pandemic. Affected taxpayers are granted an extension where those tax filings and payments due have been extended from April 15, 2020 ... (more)


The Internal Revenue Service (“IRS”) to Allow Automatic Delay in Filing Federal Taxes

On Mach 17th, 2020, Secretary Mnuchin announced the IRS will allow a ninety (90) day extension of the April 15, 2020 tax payment deadline. Now, taxes and payments therein, will not be due till July 14, 2020. Unlike the California State Franchise Tax ... (more)


The Employment Development Department (“EDD”) increases assistance for business and employees who may face lay-offs du to COVID-19

The Employment Development Department (“EDD”) has advised that employees and employers alike should make use of the Work Sharing Program. If your business is facing potential layoffs due to the pandemic, employers can apply for the ... (more)


The State of California passed a spending bill for $20 million in General Assistance

Governor Gavin Newsom requested the Legislature make up to $20 million available for state government to respond to the spread of COVID-19. Among many things, this allows the Public Health Department to support hospitals and local public health ... (more)


Upcoming “suggested” prohibitions may be come mandatory and affect non-essential venues

There will soon directives to close all bars, wineries, brew pubs and night clubs, as they are considered non-essential. Restaurants will be urged, and potentially required, to cut their seating capacity in half but no more than fifty (50) to comply with social ... (more)


The U.S.S.B.A. is providing low-interest disaster loans to help businesses and homeowners recover

The Federal Government’s U.S. Small Business Administration (“SBA”) is providing low-interest disaster loans to help businesses and homeowners recover from declared disasters. As a small business, small agricultural cooperative, small business engaged in ... (more)


High-Deductible Health grated the ability to pay for COVID-19 related testing and treatment

On March 11, 2020, the Internal Revenue Service advised that high-deductible health plans (HDHPs) can pay for 2019 Novel Coronavirus (COVID-19)-related testing and treatment, without jeopardizing their status. For more information, please see their ... (more)


The USPTO waives Petition Fees in lieu of COVID-19

The United States Patent and Trademark Office (“USPTO”) has declared the coronavirus to be an "extraordinary situation" within the meaning of 37 CFR 1.183 and 37 CFR 2.146 for affected patent and trademark applicants, patentees, reexamination parties, ... (more)


Employment Alert for COVID-19: Facts Over Fear

As the COVID-19 problem grows, employers will face challenges on a variety of workplace issues. Health experts anticipate more travel restrictions, business suspensions or closings, suspension of schools, and employee absences. Now is the time for employers ... (more)