Category Business Transactions (2)

COVID-19 – Additional Employer Funding Sources

Many businesses are asking questions about new SBA loans available under the Paycheck Protection Program (PPP). Oftentimes businesses are not aware of other new resources available in the form of refundable advance tax credits — reimbursing the cost of employee wages paid in connection with COVID-19. In many cases, the credits available can exceed... Read More

COVID-19 and Essential Service Personnel Guidance

The Iowa Department of Public Health (“IDPH”) provided guidance last week related to COVID-19 isolation requirements for essential service personnel. Essential services personnel include: Healthcare providers; Law enforcement; Fire & EMS personnel; Long-Term Care personnel; Residential Support Facility personnel; and Public Health & Emergency... Read More

Your Company Just Enabled a Remote Workplace. . . but is it Secure?

The rapid spread of COVID-19 in the US has forced many companies to establish remote access to their systems in order to continue to operate. As an attorney working with clients on data security matters, I am seeing an uptick in compromised Microsoft Office 365 accounts as companies make the transition. Office 365 is a great platform that allows... Read More

Iowa Workforce Development Changes Policy on Unemployment Benefits and PTO

Iowa Workforce Development announced today that effective immediately, employees who are or will be laid off, or are unable to work for COVID-19-related reasons, will not be required to use all available paid leave before becoming eligible to receive Iowa unemployment benefits. This change is not retroactive and claims will not be backdated. This... Read More

The CARES Act – How Could It Impact Your Tax Situation?

Late Friday, March 27, President Trump signed the third stimulus package (the Coronavirus Aid, Relief, and Economic Security (or CARES) Act) with an estimated cost of $2 trillion to help offset the effects of the COVID-19 virus. The Act contains many tax-related provisions for both businesses and individuals. Of most importance are the following,... Read More

New Grant for Targeted Small Businesses Affected by COVID-19 — Apply Now!

The Iowa Economic Development Authority (IEDA) is offering grants of up to $10,000 for eligible small businesses that have been economically impacted by COVID-19. Eligible businesses include Targeted Small Businesses (TSB)—businesses owned by women, individuals with minority status, service-connected disabled veterans, and individuals with... Read More

Employers May Apply for the Voluntary Shared Work Program

Employers may apply for the Voluntary Shared Work Program which permits employers to seek an alternative to layoffs — retaining their trained employees by reducing their hours and wages that can be partially offset with unemployment insurance benefits. Employees who remain employed, even part time, under this program, would not be required to... Read More

Identification of "Essential Business" Employees

As more cities and states are moving to require citizens to “shelter in place,” how do “essential business” employees identify themselves? The “shelter in place” orders that have been issued so far have been issued by city or state governments. Each order may have specific nuances; however, the general employee identification form will be similar.... Read More

Clarification Provided on Remote Notarizations

On March 24, 2020, the Iowa Secretary of State issued guidance for remote notarizations. It clarifies that remote notarization must comply with Section 6 of Senate File 475 and Iowa Administrative Code 721-43, Iowa Code chapter 9B, as summarized in our previous post, Remote Notary Now an Option. Per the Iowa Secretary of State’s guidance, remote... Read More