NEW MEXICO’S BUSINESS LAWYERS ®

Month: May 2020

When and How to Bring Back Employees

While reopening and re-staffing requirements are highly dependent upon the business’ location and current government mandates, there are consistent rules all employers must follow under the New Mexico Department of Health’s COVID-Safe Practices. These include:...

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Calculating PPP Loan Forgiveness

The SBA has released its application form and instructions for Paycheck Protection Program borrowers who wish to see their loans forgiven. The agency released the form in consultation with the U.S. Department of the Treasury. The application includes a worksheet that...

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Insurance and Employment Guidance for Reopening Businesses

Reopening? Check Insurance Coverages First As states across the nation – including New Mexico – are preparing to relax or rescind COVID-19 related restrictions, many business owners are anxious to reopen their doors to the public. Before reopening their businesses,...

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IRS COVID-19 Related Credits

The Internal Revenue Service reminds employers affected by COVID-19 of three important new credits. Employee Retention Credit The employee retention credit is designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up...

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