The Paycheck Protection Program Flexibility Act of 2020 (“PPPFA”), enacted on June 5, 2020, includes several changes to relief measures originally outlined in the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act. The PPPFA makes it easier for recipients...

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:...

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...

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,...

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...

New Relief Funding Bill Enacted President Trump recently signed a new relief funding law that increases the amounts appropriated to the Paycheck Protection Program (“PPP”), the SBA—for more than just Emergency Economic Injury Disaster Loans (“EEIDLs”)—and emergency...

One of Sutin's lawyers, Tina Muscarella Gooch, is an active member of the Family Friendly New Mexico's Business Leadership Council. A recent post on FFNM's blog featured Tina and her reasons for becoming a member of the Council, and the excerpt is below: Since the...

Seven of Sutin, Thayer & Browne's lawyers have been recognized as leading individuals in five Chambers-designated practice areas. In addition, the Firm itself was recognized in the following areas:  Corporate/Commercial; Litigation: General Commercial; and Real...

SBIC Loans to Complement Existing Programs The New Mexico Small Business Investment Corporations (“NMSBIC”) has announced it will be making $25 million in new small business loans to businesses in the state affected by COVID-19. These loans will complement federal...