BW INSIGHTS

SBA Reopens Economic Injury Disaster Loan Program to All Eligible Small Businesses and Non-Profits Impacted by COVID-19

By BrownWinick | 06.17.2020
The U.S. Small Business Administration (SBA) has reopened its Economic Injury Disaster Loan Program (EIDL) to eligible small businesses and non-profits in all U.S. states and territories. This program provides loans at low interest rates and other forms of assistance to eligible organizations navigating the economic impact of COVID. EIDL loans may... Read More

USPTO Announces COVID-19 Prioritized Examination Program for Certain Trademark/Service Mark Applications

By David Breiner | 06.16.2020
The United States Patent and Trademark Office (USPTO) recently announced a new COVID-19 prioritized examination program for certain trademark and/or service mark applications.  To qualify, the applications must cover a product that is subject to U.S. Food and Drug Administration (FDA) approval for use in the prevention and/or treatment of COVID-19... Read More

IRS Expands Relief for Qualified Opportunity Zones Due to COVID-19

By Christopher Nuss | 06.16.2020
Qualified Opportunity Funds (“QOF”) were created in 2018 as a new investment vehicle to provide preferential income tax treatment for private investment in certain distressed communities designated as Qualified Opportunity Zones (“QOZ”). Provided the requirements are met, reinvesting proceeds from certain capital gains into QOFs and QOZ businesses... Read More

COVID-19 Back-to-Business Limited Liability Act Awaits Governor’s Signature

By BrownWinick | 06.16.2020
Last week, the Iowa General Assembly passed Senate File 2338. The legislation includes the COVID-19 Response and Back-to-Business Limited Liability Act. The Act, which applies retroactively to January 1, 2020, provides liability protection from civil actions relating to COVID-19 exposure to certain “premises,” including real property serving a... Read More

2020 Legislative Session - Week 10

By BrownWinick | 06.05.2020
Lawmakers returned to the Capitol Wednesday following an 11-week suspension due to the COVID-19 pandemic. Since they paused activity days prior to the second funnel deadline, most bills that did not pass the House or Senate, plus committee in the other chamber by the end of the day on Friday, June 5 are “dead” for the remainder of session. Tax,... Read More

DOL Issues Final Rule On Retail or Service Establishment Commissioned Sales Exemption

By BrownWinick | 05.28.2020
The United States Department of Labor issued a final rule to simplify application of the commissioned sales exemption from the Fair Labor Standards Act (“FLSA”). Under that exemption, an employee may be treated as exempt from the FLSA overtime requirement if: (1) the employee works in a “retail or service” establishment, (2) earns a regular rate... Read More

Coronavirus Food Assistance Program – CFAP

By BrownWinick | 05.22.2020
The United States Department of Agriculture (“USDA”) announced very high-level details regarding the Coronavirus Food Assistance Program (“CFAP”) on April 17, 2020. The CFAP is designed to provide money directly to crop and livestock producers to solidify the food chain during COVID-19. Finally, one month after the initial release, the USDA has... Read More

Iowa Dental Board Issues Third FAQ to Assist Dentists with Practice Re-Openings

By Drew Larson | 05.18.2020
The Iowa Dental Board (the Board) has issued a third FAQ to address questions received in response to the “Guidelines for the Safe Transition Back to Practice” and the first and second FAQs previously released. The new FAQ addresses questions from dentists about various topics, including: use of half facepiece respirators, defining “potential... Read More

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