BW News

Governor Reynolds Announces New Programs to Help Small Businesses

Governor Reynolds announced today, March 23, 2020, a total of $4 million available through two new programs to help Iowa Small Businesses during the COVID-19 pandemic. During this afternoon’s press conference, Governor Reynolds and Iowa Economic Development Authority Director, Debi Durham, outlined two entirely new programs: Small Business Relief... Read More

Employer Payroll Tax Credits for COVID-19

Updated 4/1/2020 On March 18, 2020, President Trump signed the “Families First Coronavirus Response Act” into law. The law, which will go into effect on a date chosen by the Treasury Secretary (no later than April 2, 2020), creates two new federally-required employee benefits. BrownWinick has previously written about the new law in detail. The... Read More

Remote Notary Now an Option

Iowa law requires a notary officer to acknowledge real estate documents that will be recorded, including deeds and mortgages. For years, the acknowledgement required the party signing the document to personally appear before a notary officer. Personal appearance did not include appearances that require video, optical, or similar technology.... Read More

Businesses in All 99 Iowa Counties Now Qualify for SBA Disaster Loans

Effective Saturday, March 21, 2020, businesses in all 99 Iowa counties qualify for Small Business Administration (“SBA”) Economic Injury Distress Loans (the “Loans”). The Loans are working capital only loans that are meant to help small businesses weather the ongoing Covid-19 crisis. The credit requirements for the Loans are minimal and include:... Read More

COVID-19: Resource Page

The impact of Coronavirus (COVID-19) is constantly changing along with information and guidance from state and federal agencies. Brownwinick is closely monitoring for updates. Our priority is to ensure individuals and employers have accurate and up-to-date advice on how to navigate these uncertain times. A Message from our Managing Partner - Chris... Read More

An Update for Our Clients

Dear Clients, Partners, and Friends, BrownWinick has been closely following the evolving situation related to the coronavirus (COVID-19) and has implemented our plan to provide continuity of services to our clients while holding as our top priority the safety and well-being of our employees, clients and community. We take the threats this pandemic... Read More

Effects of COVID-19 on 1031 Exchange Deadlines

Following President Trump’s emergency declaration on March 13, 2020, with respect to the COVID-19 outbreak, the U.S. Treasury Department (the “Treasury Department”) and Internal Revenue Service (“IRS”) issued guidance on special payment relief to individuals and businesses. However, as of the date of this post, no extensions or other relief apply... Read More

Evictions Postponed due to Impacts of COVID-19

In light of the economic impacts of COVID-19, federal and state authorities are taking steps to suspend evictions and foreclosure actions. Evictions Governor Reynolds suspended the regulatory provisions governing evictions under the Iowa Uniform Residential Landlord and Tenant Act, the Manufactured Home Communities or Mobile Home Parks Residential... Read More

SBA Offers Low Interest Federal Disaster Loans in Designated States

UPDATE: On Saturday, March 21st, Governor Kim Reynold announced that the U.S. Small Business Administration (SBA) has issued a disaster declaration for the state of Iowa as of January 31, 2020 and continuing. The declaration allows pandemic-impacted small businesses to apply for low-interest support loans. The declaration comes after Iowa Governor... Read More