PPP Loans | Paycheck Protection Program Explained

COVID-19 UPDATE | APRIL 2, 2020 PAYCHECK PROTECTION PROGRAM (PPP) UPDATE FOR LENDERS AND BORROWERS The CARES Act authorized $349 billion to provide guaranteed loans through a new program under Section 7(a) of the SBA Loan Programs.  The Program provides for loans up to $10 million to employers with fewer than 500 employees.  Under certain conditions, some […]

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COVID-19 Announcement Regarding Office Operations

The health of all of our clients, colleagues, and employees is of paramount importance to Friedman Schuman, PC. We are closely monitoring the COVID-19 (coronavirus) situation, a growing concern in Montgomery County, Pennsylvania, our nation and the world. The government has mandated many closures and the CDC has recommended social distancing and other precautionary steps. […]

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What Should I do After a Pedestrian Accident in Pennsylvania?

Many people, especially in Pennsylvania’s more urban areas walk from place to place as their primary means of transportation. While many of us do so without incident, there are times where pedestrians are seriously injured in accidents. If you have been injured in a pedestrian accident, you are most likely now seeking financial compensation to […]

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How Restaurant Owners Can Be Proactive During Coronavirus Restrictions

At some point (hopefully sooner rather than later), restaurants will be able to fully or partially reopen. The following are some ideas and strategies to consider and implement now during the down time awaiting relaxation of the government restrictions on restaurant operations: Make sure your insurance premiums are paid when due. Review your insurance policies, […]

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COVID-19 Filing/Payment Extensions for Estate and Trust Tax Filings.

Various tax filing and payment deadlines have been extended as a result of the Covid-19 Crisis.  The following are the deadlines that apply to our Estate and Trust Group clients. INHERITANCE TAX RETURNS INHERITANCE TAX RETURN FILING AND PAYMENT DEADLINES HAVE NOT BEEN EXTENDED. Payments can be made and Inheritance Tax Returns can be filed […]

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BUSINESS INTERRUPTION INSURANCE CLAIMS DURING CORONAVIRUS

If you are operating a business that has or is expected to sustain losses of revenue and operating expenses, check your business’ insurance policies to determine if your business is insured for Business Interruption (BI) – the loss of income and operating expenses. If so, your policy likely includes a coverage exclusion relating to viruses. […]

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