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Soon after Congress passed the Coronavirus Aid, Relief, and
Economic Security Act ( CARES Act ) in March 2020, the
Criminal Division of the U.S. Department of Justice (DOJ) moved
quickly to address potential COVID-19 related fraud. One area of
early focus was the Paycheck Protection Program (PPP), a program
under the CARES Act that provides loans to small businesses to help
pay employees. The Fraud Section set up a team devoted to PPP fraud
and, within two months of the passage of the CARES Act, had charged
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Soon after Congress passed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) in March 2020, the Criminal Division of the U.S. Department of Justice (DOJ) moved quickly to address potential COVID-19 related fraud. One area of early focus was the Paycheck Protection Program (PPP), a program under the CARES Act that provides loans to small businesses to help pay employees. The Fraud Section set up a team devoted to PPP fraud and, within two months of the passage of the CARES Act, had charged several individuals. Our client alert from May 2020 detailed the very first wave of PPP-related charges and offered several predictions for how such cases would unfold.[1] This update reviews recent developments in DOJ enforcement and provides new predictions for the future of COVID-19 relief fraud enforcement. In short, DOJ enforcement of PPP fraud remains in its early stages, still focused more on brazen acts of f
From staff reports
ST. PAUL – State Rep. Chris Swedzinski, R-Ghent, on Thursday called for immediate action to spare businesses throughout Minnesota from owing state taxes on forgivable emergency loans recently issued by the federal government.Â
The Minnesota Senate Tax Committee on Tuesday approved a bill that exempts PPP loans from state taxes.Â
In a press release, Swedzinski mentions that The Tax Foundation reports Minnesota is the only state in the Upper Midwest that has yet to exempt forgiven Paycheck Protection Plan loans from state income taxes. These loans were offered as lifelines for businesses to keep employees on the payroll and meet other financial obligations amid COVID-19 restrictions. More than 102,000 Minnesota businesses received them.Â
HYANNIS When Gov. Charlie Baker shut down the state on March 14 to curtail the spread of the coronavirus, Cape Cod Beer owners Todd and Beth Marcus closed their doors and furloughed most of their staff while continuing to pay their benefits.
The couple then regrouped to consider the new business landscape.
“My husband and I had a conversation. Is summer 2020 going to happen?” Beth Marcus recalled. “We decided it would.”
What essentially had been a bar business, with most people standing to drink beer, became a sit-down affair with food and drink offered under a tent outside. In the colder months, they set up tables inside their warehouse.
Story County Community Foundation
A vehicle for charitable giving designed to benefit the needs of Story County.
Funding for cultural projects at KHOI comes from a generous donation from Ames Commission on the Arts.
LOCAL TALK 23 February 2021 Meetz
Karen Kedrowski, Director of the
Carrie Chapman Catt Center for Women and Politics (a political science professor at Iowa State University. Her research agenda focuses on women and politics and civic engagement.) U.S. Rep. Katie Porter – an Iowa native who represents California’s 45th Congressional District and has earned a reputation for her tough questioning and use of visual aids during congressional hearings – will give a virtual presentation on Feb. 26 as the Spring 2021 Mary Louise Smith Chair in Women and Politics.