Category COVID-19 (6)

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

By Amy Johnson | 03.22.2020
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

Effects of COVID-19 on 1031 Exchange Deadlines

By Katie McKain Tegtmeier | 03.20.2020
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

By Jennifer Lindberg | 03.20.2020
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

By Amy Johnson | 03.20.2020
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

Guidance on Tax Payments Following COVID-19 Outbreak

By Cynthia Boyle Lande | 03.19.2020
UPDATE: 4/10/2020 Yesterday, the IRS announced it is expanding the scope of what returns and taxes are now due July 15, 2020 (similar to previous announcements below). The new deadline more broadly applies to taxpayers with a filing or payment deadline on or after April 15 and before July 15, whether that is an original or extended due date. Most... Read More

"Families First Coronavirus Response Act” Becomes Law

By BrownWinick | 03.19.2020
Yesterday afternoon (March 18 at 3:32 p.m.), the Senate passed H.R. 6201 the “Families First Coronavirus Response Act” with a vote count of 90 to 8. The President signed the bill into law last night and the law will go into effect 15 days from signing. In summary, the law provides paid emergency leave for employees, free coronavirus testing,... Read More

Governor Reynolds Signs Bill to Expand the Role of Physician Assistants in Iowa

By Drew Larson | 03.19.2020
On March 18, 2020, Governor Reynolds signed Senate File 2357, expanding the role of physician assistants in Iowa. A couple of key takeaways from this bill are that physician assistants now have prescribing rights, including prescribing of controlled substances and decreased physician supervision requirements. In signing this bill, Governor... Read More

Iowa Employer and Employee Unemployment Assistance Program Just Announced

By BrownWinick | 03.16.2020
Governor Reynolds just announced a plan to provide assistance for employers and employees affected by COVID-19-related layoffs. If an employee is laid off due to COVID-19 or stays home to self-isolate, care for family members, or because they themselves are ill due to COVID-19, those employees might be eligible to receive unemployment benefits if... Read More

Is Your Business Protected Against Business Interruptions?

By Amy Johnson | 03.13.2020
COVID-19 has reminded businesses of the need to have plans for business interruption, contingency processes and procedures, and human resources and staffing preparedness in the event of disaster. Additionally, businesses need to review their contacts and ensure they are protected in the event their ability to perform per contractual obligations is... Read More

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