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3/4 Webisode: Understanding the Employee Retention Tax Credit

Understanding the Employee Retention Tax Credit The BNP and experts from Tronconi Segarra & Associates LLP (TSA) discussed the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act’s Employee Retention Tax Credit (ERTC). The ERTC is a refundable tax credit created by the CARES Act to encourage employers impacted by

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3.10.21 COVID-19 Bulletin: American Rescue Plan Passes

The U.S. Senate and House of Representatives have passed the American Rescue Plan.   Lawmakers approved the $1.9 trillion dollar spending plan strictly along party lines with no support from the GOP.  President Biden has announced his will sign the legislation on Friday.  In total, Senate Majority Leader Chuck Schumer’s office estimates approximately $100 billion is headed

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365 Days BN Manufacturers

Buffalo Niagara Manufacturers: 365 Days Without a Shut Down

The ongoing COVID-19 pandemic is unlike anything the modern workforce has experienced. Buffalo Niagara’s manufacturing sector, and its dedicated employees, have worked through unprecedented challenges while most of our community’s daily functions shut down. Their innovative safety protocols and due diligence are helping to keep us safe, limiting the spread of

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3.3.21 COVID-19 Bulletin: NYS Updates

Embattled NYS Governor Andrew Cuomo held his first COVID-19 briefing in over a week today.  In addition to sharing the positive news that COVID-19 cases and hospitalization rates continue to decline across the state, the Governor announced:  He has reached an agreement with legislative leaders regarding repeal of his expanded powers related to COVID-19.  Several lawmakers of both

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1.27.21 COVID-19 Bulletin: Cuomo Lifts Zone Restrictions in WNY

NYS Governor Andrew Cuomo announced today that all Orange and Yellow Zone restrictions in WNY have been lifted.  The Governor eliminated most zones across New York with some exceptions downstate.  Cuomo says the restrictions are being lifted as the “holiday surge” is over in New York with the state seeing a decline in both

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1.25.21 COVID-19 Bulletin: PPP Round 2 Is Open & NYS Unemployment Insurance Update 

SBA Issues Guidance on Next Round of PPP Loans  The Small Business Administration (SBA) recently released updated Paycheck Protection Program (PPP) interim final rules, offering additional guidance on the new PPP provisions contained in the federal COVID-19 relief package passed in December 2020.   PPP is now reopen through March 31, 2021 and the new rules include changes to the underlying PPP

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Governor Cuomo Releases State Budget Proposal

Governor Cuomo unveiled his 2021-22 Executive Budget proposal today.  As he has for months, the Governor called on Washington, DC to fill New York’s $15 billion budget gap because of COVID-19. Cuomo is advancing two budget plans given the uncertainty of federal funding to NYS.  In his COVID-19 response plan, President-elect

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COVID Bulletin 1.14.21

1.14.21 COVID-19 Bulletin: Indoor Dining Can Resume

Indoor Dining Can Resume in Orange Zones   The Cuomo administration announced today that all restaurants operating in Orange Zones can resume indoor dining.  The announcement comes after a group of Buffalo area restaurants sued the state on the issue and a judge ruled in their favor citing no “rational basis”

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1/12 Webisode: Relief Package 2.0 & Employee Vaccinations

Relief Package 2.0 & Employee Vaccinations The new year brings new information employers need to know regarding COVID-19. Experts from Phillips Lytle LLP discuss how employers can better navigate two critical issues: Details of the new COVID-19 Relief Package including: A second round of the Paycheck Protection Program (PPP) Streamlined

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